Music streamer Stingray's Q2 revenue beats estimates on higher FAST channel sales

Stingray

11/11/2025 22:40

Overview

Stingray fiscal Q2 revenue grows 21% yr/yr, beating analyst expectations

Adjusted EBITDA for fiscal Q2 beats analyst expectations

Company announces acquisition of TuneIn Holdings to expand digital audio footprint

Outlook

Stingray did not provide specific financial guidance for future quarters or full year in press release

Result Drivers

FAST CHANNEL SALES - Stingray attributes revenue growth to increased FAST channel sales

SINGING MACHINE ACQUISITION - Higher equipment sales linked to acquisition of The Singing Machine

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
C$113.30 mln
C$107.60 mln (5 Analysts)
Q2 Adjusted EPS
Beat
C$0.32
C$0.31 (5 Analysts)
Q2 Adjusted Net Income
C$21.90 mln
Q2 Net Income
C$11.80 mln
Q2 Adjusted EBITDA
Beat
C$39.50 mln
C$38.50 mln (6 Analysts)
Q2 Operating Cash Flow
C$24.30 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$13.25, about 16% above its November 10 closing price of C$11.13

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

Press Release: ID:nGNX2WrxVD

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(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.)