Core Insights - Stingray Group Inc. reported strong financial results for Q3 2026, with record revenues, adjusted EBITDA, and adjusted free cash flow, driven by the recent acquisition of TuneIn and growth in advertising revenues [3][4]. Financial Highlights - Revenues increased by 15.4% to CAD 124.8 million in Q3 2026 from CAD 108.2 million in Q3 2025 [2][7]. - Adjusted EBITDA rose by 5.7% to CAD 44.5 million in Q3 2026 from CAD 42.1 million in the same period of 2025 [2][12]. - Net income decreased by 52.2% to CAD 7.5 million, or CAD 0.11 per diluted share, compared to CAD 15.7 million, or CAD 0.23 per diluted share, in Q3 2025 [2][13]. - Adjusted net income increased by 12.2% to CAD 26.3 million, or CAD 0.38 per diluted share, from CAD 23.4 million, or CAD 0.34 per diluted share, in Q3 2025 [2][14]. - Cash flow from operating activities rose by 7.4% to CAD 38.0 million in Q3 2026 from CAD 35.4 million in Q3 2025 [2][15]. - Adjusted free cash flow increased by 21.5% to CAD 34.8 million in Q3 2026 from CAD 28.6 million in the same period of 2025 [2][16]. Segment Performance - Broadcasting and Commercial Music revenues grew by 22.0% to CAD 88.1 million in Q3 2026 from CAD 72.2 million in Q3 2025, driven by enhanced advertising revenues from TuneIn and higher equipment sales [6][11]. - Radio revenues improved by 2.0% to CAD 36.7 million in Q3 2026, supported by higher digital advertising sales [6][11]. Geographic Performance - Revenues in Canada decreased by 1.1% to CAD 53.6 million in Q3 2026 from CAD 54.2 million in Q3 2025, attributed to lower equipment sales [8]. - Revenues in the United States grew by 42.5% to CAD 60.3 million in Q3 2026 from CAD 42.3 million in Q3 2025, primarily due to enhanced advertising revenues from TuneIn [9]. - Revenues in other countries decreased by 6.7% to CAD 10.9 million in Q3 2026 from CAD 11.7 million in Q3 2025, mainly due to reduced subscription revenues [10]. Strategic Developments - The integration of TuneIn has exceeded expectations, creating annualized synergies of USD 16.0 million in revenues and USD 5.0 million in cost savings [3][4]. - Recent partnerships with automotive brands like BYD, Mercedes, and Nissan validate Stingray's in-car entertainment strategy, expanding its global footprint [5].

Core Insights - Stingray Group Inc. reported exceptional third-quarter results for fiscal 2026, with record revenues, adjusted EBITDA, and adjusted free cash flow, driven by the acquisition of TuneIn and growth in FAST channels and in-car entertainment [3][4]. Financial Highlights - Revenues increased by 15.4% to CAD 124.8 million in Q3 2026 from CAD 108.2 million in Q3 2025 [4][8]. - Adjusted EBITDA rose by 5.7% to CAD 44.5 million in Q3 2026 from CAD 42.1 million in the same period of 2025 [4][13]. - Net income decreased by 52.2% to CAD 7.5 million, or CAD 0.11 per diluted share, compared to CAD 15.7 million, or CAD 0.23 per diluted share, in Q3 2025 [4][14]. - Adjusted net income increased by 12.2% to CAD 26.3 million, or CAD 0.38 per diluted share, from CAD 23.4 million, or CAD 0.34 per diluted share, in Q3 2025 [4][15]. - Cash flow from operating activities rose by 7.4% to CAD 38.0 million in Q3 2026 from CAD 35.4 million in Q3 2025 [4][16]. - Adjusted free cash flow increased by 21.5% to CAD 34.8 million in Q3 2026 from CAD 28.6 million in the same period of 2025 [4][17]. Segment Performance - Broadcasting and Commercial Music revenues grew by 22.0% to CAD 88.1 million in Q3 2026 from CAD 72.2 million in Q3 2025, driven by enhanced advertising revenues from the TuneIn acquisition [7][12]. - Radio revenues improved by 2.0% to CAD 36.7 million in Q3 2026, supported by higher digital advertising sales [7][12]. Geographic Performance - Revenues in Canada decreased by 1.1% to CAD 53.6 million in Q3 2026, attributed to lower equipment and installation sales [9]. - Revenues in the United States grew by 42.5% to CAD 60.3 million in Q3 2026, primarily due to enhanced advertising revenues from TuneIn [10]. - Revenues in other countries decreased by 6.7% to CAD 10.9 million in Q3 2026, mainly due to reduced subscription revenues [11]. Strategic Initiatives - The integration of TuneIn has exceeded expectations, creating significant synergies reflected in strong financial performance [5]. - Recent partnerships with automotive brands like BYD, Mercedes, and Nissan validate Stingray's in-car entertainment strategy, expanding its global footprint [6]. Shareholder Returns - The Corporation declared a dividend of CAD 0.085 per share, payable on or around March 13, 2026 [18].

Core Insights - Stingray has launched its Stingray Music and Stingray Streams apps on the Samsung VXT platform, marking a significant step in enhancing business solutions for music and video content distribution [1][3] Group 1: Product Offerings - The Stingray Music app is designed for large businesses, including retailers and restaurants, providing tailored licensed music that aligns with brand identities [2] - The Stingray Streams app caters to small businesses, offering serene soundscapes and easy-listening music paired with ambient visuals [2][5] - Both apps aim to create immersive experiences that enhance customer engagement and brand identity [3] Group 2: Partnership and Innovation - The partnership with Samsung allows Stingray to deliver curated music and video experiences, setting a new standard in business solutions [3] - The integration with Samsung VXT transforms how businesses utilize music and video, meeting the evolving demands of the market [3] Group 3: Company Overview - Stingray is a global leader in music, media, and technology, providing a wide range of services including TV broadcasting, streaming, and advertising [4][6] - The company offers 21 curated music channels, ensuring a diverse selection of licensed music suitable for commercial environments [4] - Stingray Business provides commercial solutions in music and advertising, reaching 540 million consumers across 160 countries [6]