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Stingray Group (RAY-A) investor relations material
Stingray Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary12 Nov, 2025
Executive summary
Achieved 21% year-over-year revenue growth in Q2 2026 to $113.3M, driven by FAST channel, equipment, and retail media sales.
Net income more than doubled to $11.8M ($0.17/share), and adjusted EBITDA rose 16.3% to $39.5M.
Major acquisitions: TuneIn (up to US$175M, largest U.S. deal) and DMI, expanding U.S. retail network to 33,500+ locations and global market leadership.
Quarterly dividend increased 13.33% to $0.085/share; continued share buybacks and disciplined M&A.
Strategic partnerships and new FAST channel launches with Amazon Fire TV, Roku, TELUS, LG, Hisense, and VIZIO expanded digital footprint.
Financial highlights
Revenues reached $113.3M in Q2 2026, up 21% year-over-year; adjusted EBITDA: $39.5M (34.9% margin); net income: $11.8M ($0.17/share).
Adjusted net income was $21.9M ($0.32/share); cash flow from operations grew to $24.3M; adjusted free cash flow reached $28.4M.
Broadcasting and commercial music revenues rose 32.8% to $80.9M; radio revenues declined 0.9% to $32.4M.
U.S. revenues surged 57.9% to $51.9M; international revenues fell 16.2% to $9.8M.
Adjusted free cash flow up 34.6% year-over-year to $21.1M.
Outlook and guidance
Combined business with TuneIn expected to generate over $560M in pro forma revenues and $200M+ in pro forma Adjusted EBITDA.
Free cash flow projected to increase by 50% and exceed $2 per share; $10M in cost synergies expected within 12-18 months.
Net EBITDA leverage expected to be 2.8x post-acquisition, with a target below 2x within 12 months.
Focus on expanding digital audio, advertising, streaming, and in-car entertainment segments.
FAST channel ad inventory monetization strategy?
Tuneln acquisition: quantify expected synergies.
Explain Adjusted EBITDA margin decline to 34.9%.
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Next Stingray Group earnings date
Q3 20264 Feb, 2026
Next Stingray Group earnings date
Q3 20264 Feb, 2026
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Frequently asked questions
Stingray Group Inc is a media and technology company that provides audio television channels, radio stations, and music streaming services. It offers music and digital content services to residential and commercial customers. The company is headquartered in Montreal, Canada, and its shares are listed on the TSX.
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