Canada · Delayed Price · Currency is CAD Stingray Group Earnings Call Transcripts
Fiscal Year 2027
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Q1 2027 saw 65.2% revenue growth, driven by TuneIn and FAST Channels, with organic growth at 27.5%. Adjusted EBITDA rose 49.3%, though margins declined due to product mix. Strong momentum is expected in Q2 and Q3, with margin improvement and continued double-digit organic growth.
Fiscal Year 2026
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Fiscal 2026 delivered strong revenue and EBITDA growth, driven by the TuneIn acquisition and programmatic ad expansion. Q4 saw a net loss due to a large radio goodwill charge, but adjusted net income and free cash flow improved. Early FY 2027 organic sales are up over 20%.
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Record Q3 2026 results driven by TuneIn acquisition and FAST channel growth, with revenues up 15.4% and adjusted EBITDA at CAD 44.5 million. Leverage ratio improved to 2.49x, with a focus on further debt reduction and accelerated programmatic ad sales growth.
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Q2 2026 saw 21% revenue growth, record sales, and a major U.S. acquisition (TuneIn) expected to boost digital audio and advertising. Adjusted EBITDA rose 16.3%, and the dividend was increased 13.3%. TuneIn is projected to add significant revenue, EBITDA, and synergies.
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Q1 revenue grew 7.4% to $95.6M, driven by fast channel and ad network growth, with adjusted EBITDA up 8.3% and net income more than doubling year-over-year. Focus remains on tripling ad fill rates and expanding through tuck-in acquisitions.
Fiscal Year 2025
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Fiscal 2025 delivered double-digit organic growth, record FAST channel and retail media ad revenue, and improved profitability. Net debt was reduced, and the company is positioned for continued strong growth in FAST channels and programmatic ad sales in fiscal 2026.
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Q3 2025 saw record revenue and EBITDA growth, led by FAST channels, digital signage, and radio. Retail media and in-car entertainment are key growth drivers, with strong guidance for continued expansion and new M&A opportunities.
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Q2 2025 saw 13.4% revenue growth, driven by FAST channels and digital signage, with adjusted EBITDA up 15.2%. National retail media coverage in Canada and in-car entertainment expansion supported strong segment performance, while management targets further deleveraging and sustained margin strength.
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Q1 2025 delivered strong revenue growth, led by FAST channels and retail media, with advertising revenues nearly doubling year-over-year. Adjusted EBITDA rose 9.9%, while net income declined due to non-recurring items. Management expects continued robust growth in FAST and retail media, with a focus on debt reduction.
Fiscal Year 2024
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Strong fiscal 2024 results with Adjusted EBITDA of CAD 125.9M and 36.4% margin, driven by 45%+ growth in retail media and FAST channels. Net loss in Q4 due to a one-time impairment, but cash flow and deleveraging remain robust. FAST and radio segments show strong momentum into 2025.