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A pioneering force in multiplatform streaming and distribution, Stingray delivers the best curated audio and video content to consumers worldwide.

Stingray to Release its Financial Results for the Second Quarter of Fiscal 2027

 

November 11, 2026, at 10:00 a.m. Eastern Time.

Via telephone: (+1) 800-717-1738, Montreal (+1) 514-400-3792, Toronto (+1) 289-514-5100 or New York (+1) 646-307-1865

Via website here

Company milestones and achievements

1.2B
viewers and listeners across all services
2B
hours of content streamed monthly
10M
app installs
140K
commercial locations across 13K clients
7M+
weekly listeners across 96 radio stations
160
countries across
six continents

Latest quarterly results

Q1 2027 Quarter ended June 30, 2026 Q4 2026 Quarter ended March 31, 2026 Q3 2026 Quarter ended December 31, 2025 Q2 2026 Quarter ended September 30, 2025
Q1 2027 Quarter ended June 30, 2026

Highlights for the quarter

Full press release and highlights Quarterly report

Revenues reach $158 million with organic growth of 27.5%, driven by TuneIn and FAST channel segment monetization

  • Organic growth of 27.5% year-over-year in Broadcast and Recurring Commercial Music Revenues;
  • Revenues increased 65.2% to $158.0 million in the first quarter of 2027 from $95.6 million in the first quarter of 2026;
  • Adjusted EBITDA(1) grew 49.3% to $50.3 million in the first quarter of 2027 from $33.7 million in the same period last year. Adjusted EBITDA(1) by segment was $42.9 million or 34.1% of revenues for Broadcasting and Commercial Music, $9.4 million or 29.3% of revenues for Radio, and $(2.0) million for Corporate;
  • Adjusted Net income(1) improved 31.1% to $27.9 million, or $0.40 per diluted share, in the first quarter of 2027 from $21.3 million, or $0.31 per diluted share, in the same period of 2026;
  • Net income totaled $6.6 million, or $0.10 per diluted share, in the first quarter of 2027 compared to $16.8 million, or $0.24 per diluted share, in the first quarter of 2026;
  • Cash flow from operating activities amounted to $4.8 million, or $0.07 per diluted share, in the first quarter of 2027 compared to $19.0 million, or $0.28 per diluted share, in the first quarter of 2026;
  • Adjusted free cash flow(1) increased to $32.5 million, or $0.47 per diluted share, in the first quarter of 2027 compared to $18.8 million, or $0.27 per diluted share, in the same period of 2026;
  • Net debt to Pro Forma Adjusted EBITDA(1) ratio reached 2.53x in the first quarter of 2027 compared to 2.24x in the first quarter of 2026; and
  • Repurchased and cancelled 1.1 million shares for a total of $17.1 million in the first quarter of 2027.
Q4 2026 Quarter ended March 31, 2026

Highlights for the quarter

Full press release and highlights Annual report

Stingray accelerates TuneIn integration well ahead of schedule, with revenue synergies surpassing
$42 million and cost optimizations of $12 million

Fourth Quarter Highlights

  • Organic growth of 11.6% year-over-year in Broadcast and Recurring Commercial Music Revenues;
  • Revenues increased 29.2% to $124.0 million in the fourth quarter of 2026 from $96.0 million in the fourth quarter of 2025;
  • Adjusted EBITDA(1) improved 21.3% to $42.5 million in the fourth quarter of 2026 from $35.0 million in the fourth quarter of 2025. Adjusted EBITDA by segment(1) was $37.3 million or 34.2% of revenues for Broadcasting and Commercial Music, $7.0 million or 24.1% of revenues for Radio, and $(1.8) million for Corporate;
  • Adjusted net income(1) amounted to $20.8 million, or $0.31 per diluted share(1) in the fourth quarter of 2026, compared to $18.6 million, or $0.27 per diluted share(1), in the same period of 2025;
  • Net loss totaled $64.6 million, or $0.95 per diluted share(1) in the fourth quarter of 2026 compared to net income of $7.7 million, $0.11 per diluted share(1), in the same period last year;
  • Cash flow from operating activities declined 11.3% to $35.2 million, or $0.52 per diluted share(1), in the fourth quarter of 2026 from $39.7 million, or $0.58 per diluted share(1), in the fourth quarter of 2025;
  • Adjusted free cash flow(1) grew 9.1% to $20.1 million, or $0.30 per diluted share(1), in the fourth quarter of 2026 from $18.4 million, or $0.27 per diluted share(1), in the same period last year;
  • Repurchased and cancelled 185,772 shares for a total of $2.8 million in the fourth quarter of 2026 compared to 275,000 shares for $2.3 million in the fourth quarter of 2025.
Q3 2026 Quarter ended December 31, 2025

Highlights for the quarter

Full press release and highlights Quarterly report

Stingray Delivers Strong Q3 Results; TuneIn Acquisition Enhances Synergy Outlook and Drives Automotive Expansion.

  • Organic growth increased 8.5% year-over-year in Broadcast and Recurring Commercial Music Revenues;
  • Revenues grew 15.4% to $124.8 million in the third quarter of 2026 from $108.2 million in the third quarter of 2025;
  • Adjusted EBITDA(1) improved 5.7% to $44.5 million in the third quarter of 2026 from $42.1 million in the same period of 2025. Adjusted EBITDA by segment was $33.0 million or 37.5% of revenues for Broadcasting and
  • Commercial Music, $13.2 million or 36.0% of revenues for Radio, and $(1.7) million for Corporate;
  • Net income totaled $7.5 million, or $0.11 per diluted share(1), in the third quarter of 2026 compared to $15.7 million, or $0.23 per diluted share(1), in the third quarter of 2025;
  • Adjusted Net income(1) amounted to $26.3 million, or $0.38 per diluted share(1), in the third quarter of 2026 compared to $23.4 million, or $0.34 per diluted share(1), in the same period of 2025;
  • Cash flow from operating activities rose 7.4% to $38.0 million, or $0.55 per diluted share(1), in the third quarter of 2026 from $35.4 million, or $0.51 per diluted share(1), in the third quarter of 2025;
  • Adjusted free cash flow(1) increased 21.5% to $34.8 million, or $0.50 per diluted share(1), in the third quarter of 2026 from $28.6 million, or $0.42 per diluted share(1), in the same period of 2025;
  • Net debt to Pro Forma Adjusted EBITDA(1) ratio improved to 2.49x at the end of the third quarter of 2026 from 2.54x at the end of the third quarter of 2025;
  • Repurchased and cancelled 303,700 shares for a total of $3.8 million in the third quarter of 2026; and
  • TuneIn synergies reached an annualized run rate of US$16.0 million in revenues and US$5.0 million in cost savings.
Q2 2026 Quarter ended September 30, 2025

Highlights for the quarter

Full press release and highlights Quarterly report

Transformative TuneIn acquisition and strategic DMI deal to accelerate top growth vectors 

  • Organic growth increased 16.7% year-over-year in Broadcast and Recurring Commercial Music Revenues;
  • Revenues grew 21.0% to $113.3 million in the second quarter of 2026 from $93.6 million in the second quarter of 2025;
  • Adjusted EBITDA improved 16.3% to $39.5 million in the second quarter of 2026 from $34.0 million in the same period in 2025. Adjusted EBITDA by segment was $31.2 million or 38.5% of revenues for Broadcasting and Commercial Music, $10.2 million or 31.5% of revenues for Radio, and $(1.9) million for Corporate;
  • Net income rose 102.5% to $11.8 million, or $0.17 per diluted share, in the second quarter of 2026 from $5.8 million, or $0.08 per diluted share, in the second quarter of 2025;
  • Adjusted Net income increased 30.8% to $21.9 million, or $0.32 per diluted share, in the second quarter of 2026 from $16.7 million, or $0.24 per diluted share, in the same period of 2025;
  • Cash flow from operating activities grew to $24.3 million, or $0.35 per diluted share, in the second quarter of 2026 compared to $19.2 million, or $0.28 per diluted share, in the second quarter of 2025;
  • Adjusted free cash flow improved to $28.4 million, or $0.41 per diluted share, in the second quarter of 2026 compared to $21.1 million, or $0.31 per diluted share, in the same period of 2025;
  • Net debt to Pro Forma Adjusted EBITDA ratio decreased to 2.13x at the end of the second quarter of 2026 from 2.72x at the end of the second quarter of 2025;
  • Repurchased and cancelled 311,500 shares for a total of $3.1 million in the second quarter of 2026;
  • Quarterly dividend increased 13.33% to $0.085 per share; and
  • On November 10, 2025, the Corporation secured an additional US$150 million term loan under its existing credit facility to finance the acquisition of TuneIn Holdings, Inc., and extended the facility’s maturity date by one year to November 2029.
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FAQ

General
Q: Where is Stingray's headquarters? A:

Stingray’s headquarters are located in the Old Port of Montreal at 730 Wellington.
Q: How can I submit my music to Stingray? A:

You can send your demo to musicsubmissions@stingray.com.
Q: How can I contact customer service? A:

If you are a consumer, consult the help center to find the right product or solution. If you are a business, visit the Stingray Business website, or if you are using Chatter services, visit Chatter by Stingray .
Investors
Q: What is Stingray's fiscal year? A:

Stingray’s fiscal year starts on April 1 and ends on March 31.
Q: What is Stingray's ticker symbol? A:

Stingray’s ticker symbol is RAY on the Toronto Stock Exchange (TSX). You will often see it written as RAY.TO on many financial platforms.
Q: Where can I find corporate governance materials? A:

Visit the corporate governance section of the website for documents related to corporate governance.
Press
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