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Running on Clouds: The Story of On
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Destiny Media Technologies
Destiny Media Technologies (DSNY) investor relations material
Destiny Media Technologies Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary15 Jan, 2026
Executive summary
Secured a new multi-year agreement with Universal Music Group, providing revenue stability and growth opportunities, though with a 5% lower base fee than 2023 and separate development fees negotiated as needed.
Revenue for the quarter ended November 30, 2025, increased 1.3% year-over-year to $1,243,139, driven by growth in independent customer base and contractual indexation.
Net income for the quarter was $83,652, down from $118,140 in the prior year period.
Independent label revenue rose, supported by platform modernization, improved marketing, and pricing changes, with a notable 15.5% revenue bump in November and strong December performance.
Cost reduction initiatives led to a 1.3% decrease in total costs and 8.2% reduction in salaries and wages for the quarter, with further potential savings identified.
Financial highlights
Quarterly revenue increased by 1.3% (1.6% FX-adjusted) to $1,243,139; independent label revenue up 2.5%, major label revenue slightly down.
Adjusted EBITDA for the quarter was $252,544, a slight decrease due to lower capitalized activity.
Cash and cash equivalents increased to $1,362,500, up $244,500 (22%) from the previous quarter.
Working capital stood at $1,831,647, up from $1,634,587 at August 31, 2025.
Net cash provided by operating activities was $298,600, a 37.2% increase year-over-year.
Outlook and guidance
The Universal Music Group agreement is extended through December 2028, with service fees set at $1.6 million for 2026 and a 2% annual increase thereafter.
2026 revenue expected to be impacted by 6.5% due to Universal contract changes, but growth in independent revenue and cost reductions are expected to offset this.
Further cost savings of up to 16% are under consideration, with decisions expected soon.
Ongoing investments in marketing and product development are expected to continue, with a focus on expanding the addressable market and enhancing customer engagement.
Optimism for continued revenue growth if recent trends in independent label performance persist.
Quantify UMG agreement's revenue contribution
Project Q2 impact of pricing and cost reductions
Explain Q1 Adjusted EBITDA decline
Quantify additional cost savings potential?
Capital allocation priorities for cash surplus?
Expected impact of new satellite radio lists?
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Next Destiny Media Technologies earnings date
Q2 202613 Apr, 2026
Destiny Media Technologies
Next Destiny Media Technologies earnings date
Q2 202613 Apr, 2026
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Frequently asked questions
Destiny Media Technologies Inc provides digital media distribution solutions, primarily for the music industry. Its products allow for secure delivery and promotional distribution of audio and video files to media and industry professionals. The company is headquartered in Vancouver, Canada, and its shares are listed on the OTC.
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