Core Insights - Stingray Group Inc. reported strong financial results for Q2 of fiscal 2026, with revenues increasing by 21.0% year-over-year to CAD 113.3 million, driven by higher equipment sales and FAST channel revenues [2][11][13] - The company achieved a net income of CAD 11.8 million, representing a 102.5% increase compared to the same period last year, and adjusted net income rose by 30.8% to CAD 21.9 million [2][17] - Stingray's organic growth in Broadcast and Recurring Commercial Music Revenues was 16.7%, indicating robust performance in its core business segments [3][4] Financial Performance - Revenues for the three months ended September 30, 2026, were CAD 113,262,000, compared to CAD 93,585,000 in 2025, marking a 21.0% increase [2] - Adjusted EBITDA for the same period improved by 16.3% to CAD 39,520,000, with an adjusted EBITDA margin of 34.9% [2][16] - Net income for Q2 2026 was CAD 11,772,000, or CAD 0.17 per diluted share, up from CAD 5,813,000, or CAD 0.08 per diluted share, in Q2 2025 [2][17] Cash Flow and Debt Management - Cash flow from operating activities increased to CAD 24,329,000 in Q2 2026 from CAD 19,183,000 in Q2 2025, reflecting improved operational performance [2][18] - Adjusted free cash flow rose to CAD 28,396,000, a 34.6% increase year-over-year [2][34] - The net debt to Pro Forma Adjusted EBITDA ratio decreased to 2.13x from 2.72x, indicating improved leverage [2][35] Strategic Acquisitions - Stingray announced the acquisition of TuneIn Holdings, Inc. for up to USD 175 million, which is expected to enhance its digital audio footprint and advertising capabilities [9][22] - The acquisition of DMI, a leader in music branding and in-store audio advertising, expands Stingray's retail media network to 33,500 locations in North America [8][10] - The company is focusing on integrating TuneIn's ad platform to create a comprehensive audio streaming and monetization powerhouse [7][9] Market Expansion and Growth Initiatives - Stingray launched 29 FAST channels on Amazon Fire TV and expanded its offerings on Roku, significantly increasing its content portfolio [4][24] - The company reported a 55% growth in its advertising segment, driven by retail media and FAST channel sales [5] - Broadcasting and Commercial Music revenues grew nearly 33% to CAD 80.9 million, while Radio revenues saw a slight decline of less than 1% [6][15]

Core Viewpoint - Stingray Group Inc. has nominated The Honourable Jean Charest for election to its Board of Directors at the upcoming Annual General Meeting on August 6, 2025, highlighting his potential contributions to the company's strategic direction and global expansion [1][2]. Company Overview - Stingray is a global leader in music, media, and technology, providing a wide range of services including TV broadcasting, streaming, radio, business services, and advertising solutions [5]. - The company operates 97 radio stations and offers subscription video-on-demand content, FAST channels, karaoke products, and music apps, reaching 540 million consumers in 160 countries [5]. Board of Directors Changes - Mark Pathy, Chair of Stingray's Board, expressed enthusiasm for Mr. Charest's potential election, emphasizing his extensive experience in public policy and international business as beneficial for the company's growth [2]. - François-Charles Sirois, a co-founder and director since 2007, will not seek re-election at the upcoming AGM, marking the end of an 18-year tenure [2][3]. Jean Charest's Background - Jean Charest has a distinguished political and legal career, having served as Premier of Québec from 2003 to 2012 and as Deputy Prime Minister of Canada in 1993 [3]. - Currently, he is a partner and strategic advisor at Therrien Couture Joli-Coeur L.L.P., where he utilizes his expertise in public policy and business for international transactions [3].

Core Insights - Stingray Group Inc. reported strong financial results for the fourth quarter and fiscal year ended March 31, 2025, highlighting significant revenue growth and a return to profitability [3][4][6]. Fourth Quarter Highlights - Revenues increased by 14.8% to $96.0 million in Q4 2025 from $83.7 million in Q4 2024, driven by higher FAST channel revenues and positive foreign exchange impact [4][9]. - Net income for Q4 2025 was $7.7 million, or $0.11 per share, compared to a net loss of $46.3 million, or ($0.67) per share, in Q4 2024, primarily due to a one-time impairment charge in the previous year [4][13]. - Adjusted EBITDA grew by 19.0% to $35.0 million in Q4 2025 from $29.4 million in Q4 2024, with an adjusted EBITDA margin of 36.5% [4][12]. - Cash flow from operating activities decreased by 10.3% to $39.7 million in Q4 2025 from $44.3 million in Q4 2024 [4][14]. - Adjusted free cash flow rose by 17.8% to $18.4 million in Q4 2025 from $15.6 million in Q4 2024 [4][15]. Full Year Highlights - Total revenues for fiscal 2025 increased by 12.0% to $386.9 million from $345.4 million in 2024, attributed to higher FAST channel revenues and equipment sales [4][16]. - Net income for fiscal 2025 was $36.4 million, or $0.53 per share, compared to a net loss of $13.7 million, or ($0.20) per share, in 2024 [4][18]. - Adjusted EBITDA improved by 13.0% to $142.2 million in fiscal 2025 from $125.9 million in 2024, with an adjusted EBITDA margin of 36.8% [4][17]. - Adjusted net income increased to $72.7 million, or $1.05 per share, in fiscal 2025 compared to $60.3 million, or $0.87 per share, in 2024 [4][19]. - The company repurchased and cancelled 1,186,800 shares for a total of $9.1 million in 2025, compared to 557,500 shares for $2.9 million in 2024 [4]. Business Strategy and Outlook - The company experienced a 45% increase in advertising revenues for its Broadcast and Recurring Commercial Music segment for the second consecutive year, indicating strong demand for connected TV advertising [6]. - Stingray's collaboration with IAB Canada and Leger has solidified its position as a leader in in-store audio advertising [6]. - The company aims to reduce its net debt level to a leverage ratio approaching 2.0 times and will continue to seek acquisitions opportunistically while rewarding shareholders through dividends [8].

Core Viewpoint - Stingray Group Inc. has announced a leadership change due to the CFO's health-related leave, appointing Marie-Hélène Fournier as Interim CFO to ensure continuity in the company's financial strategy [1][2][3] Group 1: Leadership Change - Jean-Pierre Trahan, the Chief Financial Officer of Stingray, is taking a leave of absence for health reasons [1] - Marie-Hélène Fournier has been appointed as Interim Chief Financial Officer, effective immediately, and has extensive experience with over 75 acquisitions and investments [2] - The CEO expressed confidence in Fournier's ability to maintain the company's strategic execution during Trahan's absence [3] Group 2: Company Overview - Stingray is a global leader in music, media, and technology, providing a wide range of services including TV broadcasting, streaming, and advertising solutions [3] - The company operates 97 radio stations and offers various digital services, reaching 540 million consumers across 160 countries [3] - Stingray Business division focuses on commercial solutions such as music, in-store advertising, and AI-driven consumer insights [3]