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 43.6% to $137.8 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.

Full-Year Highlights

• Organic growth of 12.0% year-over-year in Broadcast and Recurring Commercial Music Revenues;
• Revenues increased 21.9% to $471.6 million in fiscal 2026 from $386.9 million in 2025;
• Adjusted EBITDA⁽¹⁾ grew 12.6% to $160.2 million in fiscal 2026 from $142.2 million in 2025. Adjusted EBITDA by segment⁽¹⁾ was $125.9 million or 37.1% of revenues for Broadcasting and Commercial Music, $41.5 million or 31.3% of revenues for Radio, and $(7.2) million for Corporate;
• Adjusted net income⁽¹⁾ amounted to $90.3 million, or $1.33 per diluted share⁽¹⁾ in fiscal 2026 compared to $72.7 million, or $1.05 per diluted share⁽¹⁾, last year;
• Net loss totaled $28.6 million, or $0.42 per diluted share⁽¹⁾, in fiscal 2026 compared to net income of $36.4 million, or $0.53 per diluted share⁽¹⁾, in 2025;
• Cash flow from operating activities increased 11.0% to $116.6 million or $1.72 per diluted share⁽¹⁾, in fiscal 2026 from $105.0 million, or $1.53 per diluted share⁽¹⁾, in 2025;
• Adjusted free cash flow⁽¹⁾ improved 22.1% to $102.1 million, or $1.50 per diluted share⁽¹⁾, in fiscal 2026 from $83.6 million, or $1.21 per diluted share⁽¹⁾, last year;
• Net debt to Pro Forma Adjusted EBITDA⁽¹⁾ ratio reached 2.38x at the end of fiscal 2026 compared to 2.28x at the end of 2025; and
• Repurchased and cancelled 1.1 million shares for a total of $12.9 million in fiscal 2026 compared to 1.2 million shares for $9.1 million in 2025.

Montreal, June 9, 2026 – Stingray Group Inc. (TSX: RAY) (the “Corporation”; “Stingray”), the world’s leading connected
streaming media company, announced today its unaudited financial results for the fourth quarter and fiscal year ended
March 31, 2026.

Read the full press release

Contact Information

Mathieu Péloquin
Senior Vice-President, Marketing and Communications
Stingray
(514) 664-1244, ext. 2362
mpeloquin@stingray.com