Canada's Stingray Group Q1 revenue up 7.4% but misses estimates

Stingray

05/08/2025 23:13

Overview

Stingray fiscal Q1 revenue rises 7.4% yr/yr but misses analyst expectations

Adjusted EBITDA for fiscal Q1 grows 8.3% but misses consensus, per LSEG data

Outlook

Stingray sees growth opportunities in in-car karaoke market

Result Drivers

FAST CHANNEL REVENUES - Growth primarily driven by increased FAST channel revenues

RETAIL MEDIA CHALLENGES - Faced tough comparables in retail media advertising, impacting growth

DIGITAL SIGNAGE DELAYS - Revenue recognition affected by delays in digital signage projects

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
C$95.60 mln
C$96.50 mln (4 Analysts)
Q1 Adjusted Net Income
C$21.30 mln
Q1 Net Income
C$16.80 mln
Q1 Adjusted EBITDA
Miss
C$33.70 mln
C$34.10 mln (5 Analysts)
Q1 Operating Cash Flow
C$19 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the broadcasting peer group is "hold."

Wall Street's median 12-month price target for Stingray Group Inc is C$13.00, about 16.6% above its August 5 closing price of C$10.84

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNX2b9rCt

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)