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.
Montreal, February 10, 2026 – Stingray Group Inc. (TSX: RAY.A; RAY.B) (the “Corporation”; “Stingray”), the world’s leading connected streaming media company, announced today its financial results for the third quarter of fiscal 2026 ended December 31, 2025.
Contact Information
Mathieu Péloquin
Senior Vice-President, Marketing and Communications
Stingray
(514) 664-1244, ext. 2362
mpeloquin@stingray.com