Successful TuneIn integration and rapid FAST channel expansion drive Adjusted EBITDA up 47.5%
- Organic growth of 15.1% year-over-year in Broadcast and Recurring Commercial Music Revenues;
- Revenues increased 51.3% to $171.4 million in the second quarter of 2027 from $113.3 million in the second quarter of 2026;
- Adjusted EBITDA(1) grew 47.5% to $58.3 million in the second quarter of 2027 from $39.5 million in the same period last year. Adjusted EBITDA(1) by segment was $49.9 million or 36.4% of revenues for Broadcasting and Commercial Music, $10.8 million or 31.8% of revenues for Radio, and $(2.4) million for Corporate;
- Net income appreciated to $16.2 million, or $0.24 per diluted share, in the second quarter of 2027 compared to $11.8 million, or $0.17 per diluted share, in the second quarter of 2026;
- Adjusted Net income(1) improved 58.8% to $34.7 million, or $0.51 per diluted share, in the second quarter of 2027 from $21.9 million, or $0.32 per diluted share, in the same period of 2026;
- Cash flow from operating activities increased 81.9% to $44.3 million, or $0.65 per diluted share, in the second quarter of 2027 from $24.3 million, or $0.35 per diluted share, in the second quarter of 2026;
- Adjusted free cash flow(1) grew to $39.0 million, or $0.57 per diluted share, in the second quarter of 2027 compared to $28.4 million, or $0.41 per diluted share, in the same period of 2026; and
- Net debt to Pro Forma Adjusted EBITDA(1) ratio reached 2.39x in the second quarter of 2027 compared to 2.13x in the second quarter of 2026.
Montreal, November 10, 2026 – Stingray Group Inc. (TSX: RAY) (the “Corporation”; “Stingray”), the world’s leading connected streaming media company, announced today its financial results for the second quarter of fiscal 2027 ended September 30, 2026.
Read the Second Quarter of 2027 Report
Contact Information
Mathieu Péloquin
Senior Vice-President, Marketing and Communications
Stingray
(514) 664-1244, ext. 2362
mpeloquin@stingray.com