Music Publishing was Reservoir Media’s largest segment in fiscal 2026, bringing in $116.80M of $175.66M (66%).
| Segment | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|
| Music Publishing | $83.83M | $96.19M | $107.41M | $116.80M | ||
| Recorded Music | $34.82M | $42.37M | $44.25M | $51.51M | ||
| Other Revenue | $3.63M | $6.30M | $7.04M | $7.35M | ||
| Other | — | — | — | — | ||
| Total | $122.29M | $144.86M | $158.71M | $175.66M |
Reservoir Media brought in $175.66M from its three segments in fiscal 2026, the year ended March 31, 2026. That was up 10.7% from $158.71M in fiscal 2025. Music Publishing was the largest at $116.80M (66.5%), ahead of Recorded Music at $51.51M (29.3%) and Other Revenue at $7.35M (4.2%).
Compared with fiscal 2025, Recorded Music grew fastest, up 16.4% to $51.51M. Every segment above 2% of revenue grew. From fiscal 2023 to 2026, combined revenue from these segments grew from $122.29M to $175.66M, a compound annual growth rate of 12.8%. Music Publishing's share of the total fell from 68.6% to 66.5%.
United States was Reservoir Media’s largest region in fiscal 2026, bringing in $98.71M of $175.66M (56%).
| Geography | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|
| United States | $72.66M | $85.80M | $93.62M | $98.71M | ||
| International | $49.62M | $59.05M | $65.09M | $76.96M | ||
| Total | $122.29M | $144.86M | $158.71M | $175.66M |
Reservoir Media brought in $175.66M from its two regions in fiscal 2026, the year ended March 31, 2026. That was up 10.7% from $158.71M in fiscal 2025. United States was the largest at $98.71M (56.2%), ahead of International at $76.96M (43.8%).
Compared with fiscal 2025, International grew 18.2% to $76.96M and United States grew 5.4% to $98.71M. From fiscal 2023 to 2026, combined revenue from these regions grew from $122.29M to $175.66M, a compound annual growth rate of 12.8%. United States' share of the total fell from 59.4% to 56.2%.
Digital was Reservoir Media’s largest product and service line in fiscal 2022, bringing in $55.80M of $106.58M (52%).
| Product and Service | FY 2021 | FY 2022 |
|---|---|---|
| Digital | $42.11M | $55.80M |
| Performance | $16.32M | $15.56M |
| Synchronization | $9.77M | $15.82M |
| Other | $2.59M | $7.72M |
| Physical | $3.85M | $6.37M |
| Mechanical | $3.00M | $3.19M |
| Neighboring Rights | $1.50M | $2.13M |
| Total | $79.15M | $106.58M |
Reservoir Media brought in $106.58M from its seven product and service lines in fiscal 2022, the year ended March 31, 2022. That was up 34.7% from $79.15M in fiscal 2021. Digital was the largest at $55.80M (52.4%), ahead of Synchronization at $15.82M (14.8%) and Performance at $15.56M (14.6%). The other four lines brought in $19.41M combined.
Compared with fiscal 2021, Other grew fastest, up 197.8% to $7.72M, while Performance fell the most, down 4.7% to $15.56M.
Reservoir Media (RSVR) reports its revenue by segment, by geography and by product and service. In fiscal 2026, Music Publishing was its largest segment, bringing in $116.80M (66.5% of the total), followed by Recorded Music at $51.51M (29.3%).
Music Publishing was Reservoir Media's largest segment in fiscal 2026, bringing in $116.80M, or 66.5% of the $175.66M total across its three segments.
United States was Reservoir Media's largest region in fiscal 2026, bringing in $98.71M, or 56.2% of the $175.66M total across its two regions.
Digital was Reservoir Media's largest product and service line in fiscal 2022, bringing in $55.80M, or 52.4% of the $106.58M total across its seven product and service lines.
Among Reservoir Media's segments that make up at least 2% of revenue, Recorded Music grew fastest in fiscal 2026, up 16.4% from $44.25M to $51.51M.
Every figure comes from Reservoir Media's annual financial filings, as reported. Each line keeps the name Reservoir Media gives it, and years follow its fiscal calendar.
Reservoir Media's revenue by segment goes back to fiscal 2021, with figures through fiscal 2026. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.