Stingray Group Inc. (T:RAY.A)
Business Focus: Broadcasting (NEC)
| Sector: Consumer Cyclicals | Industry: Broadcasting |
| Company Contact | |
| Address: | 730 Wellington MONTREAL QC H3C 1T4 |
| Tel: | N/A |
| Website: | https://www.stingray.com |
| IR: | See website |
| 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 | Marie-helene Fournier Vice President - Operations and International Finance | 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 TV broadcasting, streaming, radio, business services, and advertising services. It also provides an array of music, digital, and advertising services to enterprise brands worldwide, including audio and video channels, over 100 radio stations, subscription video-on-demand content, FAST channels, karaoke products and music apps, and in-car and on-board infotainment content. The Company operates through two segments: Broadcasting and commercial music and Radio. The Broadcasting and commercial music segment specializes in the broadcast of music and videos on multiple platforms and digital signage experiences and generates revenues from subscriptions or contracts. The Radio segment operates several radio stations across Canada. The company distributes its products and services through various platforms that include digital cable TV, satellite TV, OTT, the internet, mobile devices, and others. |
| Financial Overview |
| For the nine months ended 31 December 2023, Stingray Group Inc revenues increased 7% to C$261.8M. Net income increased 27% to C$32.6M. Revenues reflect Broadcasting and commercial music segment increase of 12% to C$162.7M, United States segment increase of 21% to C$77.7M, Canada segment increase of 2% to C$146.7M. Net income benefited from Legal decrease from C$1.1M (expense) to C$3.6M (income). |
| Employees: | 1,000 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $770.98M as of Dec 31, 2023 |
| Annual revenue (TTM): | $340.69M as of Dec 31, 2023 |
| EBITDA (TTM): | $121.06M as of Dec 31, 2023 |
| Net annual income (TTM): | $37.02M as of Dec 31, 2023 |
| Free cash flow (TTM): | $66.26M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $403.99M as of Dec 31, 2023 |
| Shares outstanding: | 68,662,900 as of May 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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