Core Viewpoint - Stingray Group Inc. reported strong financial results for Q1 of fiscal 2026, with significant growth in revenues and net income, driven by robust performance in its Broadcast and Recurring Commercial Music segments, particularly in FAST channel revenues [1][3][4]. Financial Highlights - Revenues increased by 7.4% to $95.6 million in Q1 2026 from $89.1 million in Q1 2025 [4][6]. - Adjusted EBITDA rose by 8.3% to $33.7 million in Q1 2026 from $31.1 million in the same period last year [4][11]. - Net income surged by 130.1% to $16.8 million, or $0.24 per share, compared to $7.3 million, or $0.11 per share, in Q1 2025 [4][12]. - Adjusted net income grew by 53.0% to $21.3 million, or $0.31 per share, from $13.9 million, or $0.20 per share, in the prior year [4][12]. - Cash flow from operating activities amounted to $19.0 million, up from $10.8 million in Q1 2025 [4][13]. - Adjusted free cash flow improved to $18.8 million from $15.5 million in the same period last year [4][14]. Segment Performance - Broadcasting and Commercial Music revenues increased by 8.0% to $61.4 million, driven by higher FAST channel revenues [4][10]. - Radio revenues improved by 6.2% to $34.2 million, supported by higher airtime and digital sales [4][10]. - Revenues in Canada rose by 1.1% to $49.5 million, primarily due to increased Radio revenues [7]. - Revenues in the United States grew by 25.8% to $35.2 million, mainly from higher FAST channel revenues [8]. - Revenues in other countries decreased by 9.5% to $10.9 million, attributed to lower in-store commercial revenues [9]. Operational Developments - The company launched six new FAST channels on VIZIO's free streaming service, expanding its offerings [21]. - Stingray announced the acquisition of The Singing Machine Company to enhance its karaoke services [21]. - The company experienced delays in large installation projects related to digital signage, affecting revenue recognition [3]. Debt and Cash Position - As of June 30, 2025, the company had cash and cash equivalents of $11.5 million and credit facilities totaling $337.4 million [15][30]. - The net debt to Pro Forma Adjusted EBITDA ratio decreased to 2.24x from 2.77x year-over-year [4][30]. Dividend Declaration - On August 5, 2025, the company declared a dividend of $0.075 per share, payable on or around September 15, 2025 [16].