Latest news with #StingrayGroupInc
Toronto Star
5 days ago
- Business
- Toronto Star
Stingray Announces Election of Directors
MONTREAL, Aug. 06, 2025 (GLOBE NEWSWIRE) — In accordance with the TSX Company Manual, Stingray Group Inc. (TSX: RAY.A; RAY.B) (the 'Corporation') is issuing this news release to disclose the voting results for the election of directors at its annual general meeting of shareholders held virtually earlier today. Each of the following ten (10) nominees proposed by the Corporation was duly elected as director of the Corporation by the votes cast at the meeting. The results of the vote are as follows:
Toronto Star
6 days ago
- Business
- Toronto Star
Stingray Reports First Quarter Results for Fiscal 2026
Organic growth of 12.5% year-over-year in Broadcast and Recurring Commercial Music Revenues; Revenues increased 7.4% to $95.6 million in the first quarter of 2026 from $89.1 million in the first quarter of 2025; Adjusted EBITDA(1) rose 8.3% to $33.7 million in the first quarter of 2026 from $31.1 million in the same period in 2025. Adjusted EBITDA(1) by segment was $24.4 million or 39.8% of revenues for Broadcasting and Commercial Music, $11.0 million or 32.3% of revenues for Radio, and $(1.8) million for Corporate; Net income increased to $16.8 million, or $0.24 per share, in the first quarter of 2026 compared to $7.3 million, or $0.11 per share, in the first quarter of 2025; Adjusted Net income(1) grew 53.0% to $21.3 million, or $0.31 per share, in the first quarter of 2026 from $13.9 million, or $0.20 per share, in the same period of 2025; Cash flow from operating activities amounted to $19.0 million, or $0.28 per share, in the first quarter of 2026 compared to $10.8 million, or $0.16 per share, in the first quarter of 2025; Adjusted free cash flow(1) improved to $18.8 million, or $0.27 per share, in the first quarter of 2026 from $15.5 million, or $0.22 per share, in the same period of 2025; Net debt to Pro Forma Adjusted EBITDA(1) ratio decreased to 2.24x at the end of the first quarter of 2026 compared to 2.77x at the end of the first quarter of 2025; and Repurchased and cancelled 342,000 shares for a total of $3.1 million in the first quarter of 2026. MONTREAL, Aug. 05, 2025 (GLOBE NEWSWIRE) — Stingray Group Inc. (TSX: RAY.A; RAY.B) (the 'Corporation'; 'Stingray'), an industry leader in music and video content distribution, business services, and advertising solutions, announced today its financial results for the first quarter of fiscal 2026 ended June 30, 2025.
Yahoo
12-06-2025
- Business
- Yahoo
Stingray Group Inc (STGYF) Q4 2025 Earnings Call Highlights: Strong Revenue Growth and ...
Revenue: $96 million in Q4 2025, up 14.8% from $82.7 million in Q4 2024. Canadian Revenue: Increased 2.7% to $46.8 million in Q4 2025. U.S. Revenue: Grew 45% year over year to $38 million in Q4 2025. Other Countries Revenue: Decreased 5.5% to $11.2 million in Q4 2025. Broadcasting and Commercial Music Revenue: Increased 20.9% to $64.6 million in Q4 2025. Radio Revenue: Improved 3.9% to $31.4 million in Q4 2025. Adjusted EBITDA: Rose 19% to $35 million in Q4 2025. Adjusted EBITDA Margin: Reached 36.5% in Q4 2025, up from 35.2% in Q4 2024. Net Income: $7.7 million or $0.11 per share in Q4 2025, compared to a net loss of $46.3 million or $0.67 per share in Q4 2024. Adjusted Net Income: $18.6 million or $0.27 per share in Q4 2025, compared to $15.4 million or $0.22 per share in Q4 2024. Cash Flow from Operating Activities: $39.7 million in Q4 2025, down from $44.3 million in Q4 2024. Adjusted Free Cash Flow: $18.4 million in Q4 2025, up from $15.6 million in Q4 2024. Net Debt: $327.4 million at the end of Q4 2025, down $27.3 million from Q4 2024. Net Debt to Adjusted EBITDA Ratio: Improved to 2.28 times at the end of Q4 2025. Share Buyback: 1.2 million shares repurchased in fiscal 2025, including 275,000 shares in Q4. Dividend Payments: $20.5 million during fiscal 2025. Warning! GuruFocus has detected 6 Warning Signs with STGYF. Release Date: June 11, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Advertising revenues from the broadcast and recurring commercial music segment increased by more than 45% for the second consecutive year. Stingray Group Inc (STGYF) launched new channels like Cozy Cafe, Movie Music, Stargaze, and Cityscapes, positioning itself as a leading global supplier of musical and NBN channels for connected TVs. The company achieved double-digit organic growth for the second straight year, with a 12.3% year-over-year increase in fiscal 2025. Net debt was reduced by more than $27 million, closing the year with a net debt to pro forma adjusted EBITDA ratio of 2.28. Broadcasting and commercial music revenues increased by 17.8% to $254 million in fiscal 2025, driven by higher fast channel revenues and positive foreign exchange impacts. Revenues in other countries decreased by 5.5% to $11.2 million in the most recent quarter, mainly due to lower commercial revenues. The adjusted EBITDA margin was partially offset by greater variable expenses related to higher salaries. Corporate adjusted EBITDA amounted to a negative $1.7 million in Q4 2025 compared to a negative $1.5 million in Q4 2024. Cash flow from operating activities declined to $39.7 million in Q4 2025 from $44.3 million in Q4 2024, primarily due to a foreign exchange loss and higher income taxes paid. The company is facing challenges in the retail media segment, requiring significant effort to evangelize the market and improve data reporting for advertisers. Q: Can you provide insights into your expectations for fiscal 2026, particularly regarding fast channel revenues and retail media ad growth? A: Eric Boyko, President and CEO, stated that they anticipate fast channel and retail media ad growth to remain above 40% in fiscal 2026. The company is launching more channels and expanding partnerships, which is expected to significantly contribute to revenue growth. The introduction of a premium advertising network for backfilling unsold inventory is also seen as a potential game-changer, potentially doubling the size of their fast channel revenues. Q: Are you seeing any competitive threats in the fast channel space, and how diversified are your platform partnerships? A: Eric Boyko mentioned that Stingray remains the only audio music partner with their current platforms and has a strong position in the ambiance channel space. They are launching more channels and expanding partnerships with major platforms like Vizio, Roku, and LG. The market is large, with traditional TV advertising shifting to fast channels, and Stingray is well-positioned to capture this growth. Q: Can you elaborate on the impact of backfilling on your margins and revenue recognition? A: Eric Boyko explained that when partners sell ads, revenues are recognized on a net basis, resulting in higher margins. When Stingray sells ads, revenues are reported gross, with a typical 50/50 revenue share with partners, resulting in a gross margin of around 40%. Despite this, they are confident in maintaining a 42% EBITDA margin for 2026. Q: What are your plans regarding M&A, and how do you intend to finance potential acquisitions? A: Eric Boyko indicated that they are focused on acquisitions in growth areas like fast channels and programmatic sales. They aim to maintain a net debt to EBITDA ratio below 3 times and prefer not to issue equity due to high free cash flow yields. The company is in a strong position to finance acquisitions through existing cash flow and debt facilities. Q: How is the connected car segment progressing, and what are your expectations for its contribution to revenue? A: Eric Boyko noted that the connected car segment is a long-term project, with significant discussions underway with global car manufacturers. They expect to reach eight-digit revenues in this segment, although it remains smaller compared to advertising. The company is optimistic about the potential of karaoke and other features in cars. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
30-04-2025
- Business
- Globe and Mail
Stingray to Release its Financial Results for the Fourth Quarter of Fiscal 2025
MONTREAL, April 30, 2025 (GLOBE NEWSWIRE) -- Stingray Group Inc. (TSX: RAY.A; RAY.B) will release its financial results for the fourth quarter ended March 31, 2025, on Tuesday, June 10, 2025, after the markets close. Management will hold a conference call to discuss the financial results the next day, June 11, 2025, at 10:00 a.m. Eastern Time. Details of the Conference Call Via the internet at Via telephone: (+1) 800-717-1738, Montreal (+1) 514-400-3792, Toronto (+1) 289-514-5100 or New-York (+1) 646-307-1865 Conference Call Rebroadcast A rebroadcast of the conference call will be available until midnight, July 11, 2025, by dialing (+1) 888-660-6264, Toronto (+1) 289-819-1325 or New York (+1) 646-517-3975 and entering passcode 11999. About Stingray Stingray (TSX: RAY.A; RAY.B), a global music, media, and technology company, is an industry leader in TV broadcasting, streaming, radio, business services, and advertising. Stingray provides an array of music, digital, and advertising services to enterprise brands worldwide, including audio and video channels, over 100 radio stations, subscription video-on-demand content, FAST channels, karaoke products and music apps, and in-car and on-board infotainment content. Stingray Business, a division of Stingray, provides commercial solutions in music, in-store advertising solutions, digital signage, and AI-driven consumer insights and feedback. Stingray Advertising is North America's largest retail audio advertising network, delivering digital audio messaging to more than 30,000 major retail locations. Stingray has close to 1,000 employees worldwide and reaches 540 million consumers in 160 countries. For more information, visit
Bloomberg
11-04-2025
- Business
- Bloomberg
Canada Tech CEOs Urge ‘Real Debate' on Economy Ahead of Vote
Canadian technology leaders are calling for a 'real debate' about the country's economic future when party leaders discuss their views on stage next week. 'For too long, Canadian government leaders have prioritized short-term economic interests and photo ops over investment into Canada's economic well-being,' reads a letter signed by 150 chief executive officers including Coveo Solutions Inc.'s Louis Têtu, Stingray Group Inc. 's Eric Boyko and Lightspeed Commerce Inc. 's Dax Dasilva.
