Canada's Stingray Group Q3 revenue beats estimates after TuneIn acquisition

Stingray

10/02/2026 23:11

Overview

Canada streaming media firm's Q3 revenue grew 15.4%, beating analyst expectations

Adjusted EBITDA for Q3 beat analyst expectations

Company repurchased and canceled 303,700 shares for C$3.8 million

Result Drivers

TUNEIN ACQUISITION - Enhanced advertising revenues from TuneIn acquisition drove revenue growth

FAST CHANNELS EXPANSION - Increased FAST channel revenues contributed to revenue growth

FOREIGN EXCHANGE GAINS - Foreign exchange gains contributed to adjusted net income increase

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
C$124.80 mln
C$120.85 mln (5 Analysts)
Q3 Adjusted Net Income
Beat
C$26.30 mln
C$20.10 mln (1 Analyst)
Q3 Net Income
C$7.50 mln
Q3 Adjusted EBITDA
Beat
C$44.50 mln
C$42.89 mln (5 Analysts)
Q3 Operating Cash Flow
C$38 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$18.25, about 3.9% above its February 10 closing price of C$17.57

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNX9KJ0Xj

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)