Reservoir Media Issues FY27 Outlook: Projects 7% Revenue Growth, Posts Investor Presentation
RSVR sits 44% above its 52-week low of $7.07.
Summary
Reservoir Media issued its fiscal year 2027 outlook, projecting revenue of $186-$191 million (7% growth at midpoint) and adjusted EBITDA of $75-$79 million (5% growth at midpoint). This guidance was part of an investor presentation, following the company's strong fiscal year 2026 results of $176 million revenue and $74 million adjusted EBITDA, which were largely reported in late May. The company also disclosed a net debt of $430 million as of March 31, 2026. This new forward guidance provides updated expectations for traders and investors.
At the time of this announcement, RSVR was trading at $10.21 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $670.4M. The 52-week trading range was $7.07 to $13.39. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.