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Stingray Group Inc. (T:RAY.A)

Business Focus: Broadcasting (NEC)

Sector:  Consumer Cyclicals Industry:  Broadcasting
See Regulatory Filings on SEDAR
Company Contact
Address: 730 Wellington
Tel: N/A
Website: N/A
Key People
Eric Boyko
President, Chief Executive Officer, Director
David L. Purdy
Chief Revenue Officer
Jean-Pierre Trahan
Chief Financial Officer
Ian S. Lurie
President - Radio
Mario Dubois
Senior Vice President, Chief Technology Officer
Lloyd Perry Feldman
Senior Vice President, General Counsel, Corporate Secretary
Mathieu Peloquin
Senior Vice President of Marketing and Communications
Sebastien Cote
Vice President of Human Resources
Valerie Heroux
Vice President - Content Acquisition and Programming
Ratha Khuong
General Manager - Stingray Business
Business Overview
Stingray Group Inc. is a Canada-based music, media, and technology company. The Company provides curated direct-to-consumer and business-to-business (B2B) services, including audio television channels, radio stations, subscription video-on-demand (SVOD) content, television channels, fast channels, karaoke products, digital signage, in-store music, and music applications. The Company also provides relaxation, mindfulness and sleep music. The Company offers SVOD services on a wide range of Internet-capable devices including smart televisions (TVs), smartphones, tablets, video game consoles and multimedia devices. The Company offers Stingray Karaoke, Stingray Classica, Stingray DJAZZ and Stingray Qello. The Company also offers business to consumers (B2C) mobile applications that includes Stingray Music, Yokee Music, Yokee Piano and Yokee Guitar. The Company has approximately 400 million subscribers in over 160 countries.
Financial Overview
For the three months ended 30 June 2022, Stingray Group Inc revenues increased 21% to C$78.1M. Net income increased from C$4.2M to C$9.4M. Revenues reflect Broadcasting and commercial music segment increase of 30% to C$46.1M, Radio segment increase of 9% to C$32M, United States segment increase of 86% to C$19.1M, Canada segment increase of 13% to C$46.7M.
Employees: 1,000 as of Jun 30, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $706.55M as of Jun 30, 2022
Annual revenue (TTM): $295.95M as of Jun 30, 2022
EBITDA (TTM): $103.84M as of Jun 30, 2022
Net annual income (TTM): $38.48M as of Jun 30, 2022
Free cash flow (TTM): $46.94M as of Jun 30, 2022
Net Debt Last Fiscal Year: $398.38M as of Jun 30, 2022
Shares outstanding: 69,725,700 as of Aug 15, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization