Stingray Q2 Revenue Rises 51.3%, Radio Gains 5.3%

RADIO ONLINE | Thursday, November 12, 2026 | 2:40pm CT

Stingray Group

Stingray Group reported fiscal second-quarter revenue of C$171.4 million, up 51.3% from C$113.3 million a year earlier. The company attributed the increase primarily to advertising revenue from its TuneIn acquisition, higher revenue from free ad-supported streaming TV channels and favorable currency effects. The quarter ended September 30, 2026.

Radio revenue rose 5.3% to C$34.1 million from C$32.4 million, driven by higher national airtime sales and digital revenue. The segment's Adjusted EBITDA increased 6% to C$10.8 million from C$10.2 million.

Broadcasting and Commercial Music revenue rose 69.8% to C$137.3 million from C$80.9 million. The segment's Adjusted EBITDA increased 60.2% to C$49.9 million from C$31.2 million.

Companywide Adjusted EBITDA rose 47.5% to C$58.3 million from C$39.5 million, while the margin slipped to 34% from 34.9%. Net income increased to C$16.2 million, or 24 cents per diluted share, from C$11.8 million, or 17 cents per diluted share. Stingray cited stronger operating results and an unrealized gain on derivatives, partly offset by higher acquisition costs, amortization tied to TuneIn and higher income tax expense.

For the first six months of fiscal 2027, revenue rose 57.7% to C$329.4 million from C$208.9 million, while net income fell to C$22.8 million from C$28.6 million. Radio revenue declined 0.8% to C$66.1 million as lower airtime sales outweighed digital growth.

Stingray declared a quarterly dividend of 10 Canadian cents per share, payable on or about December 15 to shareholders of record November 30.