Canada's Tiny Ltd Q2 revenue rises 3%

Tiny

06/08/2026 12:37

Overview
Canada holding company reported Q2 revenue up 3% yr/yr to C$51.6 mln
Adjusted EBITDA for Q2 rose 29% yr/yr to C$10.6 mln, margin improved to 21%
Company posted C$83.0 mln net loss, mainly due to C$80.7 mln in non-cash impairments

Outlook
Company expects cost savings from restructuring to become more visible over coming quarters
Tiny sees strong demand at Metalab continuing into Q3
Company prioritizes improving operating performance, cash conversion and reducing leverage in H2 2026

Result Drivers
SERATO IMPACT - Acquisition of Serato boosted recurring revenue and improved quality and predictability of earnings
WEECOMMERCE AND CREATIVE MARKET PRESSURE - Revenue decline at WeCommerce and ongoing pressures at Creative Market weighed on organic revenue growth
COST REDUCTIONS - Leadership, headcount and cost actions across the portfolio established a more efficient cost base, with Q2 reflecting more of the associated costs than the benefit

Company press release: ID:nNFC7rw5RT

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
C$51.60 mln
 
Q2 Net Loss
 
C$83 mln
 
Q2 Adjusted EBITDA
 
C$10.60 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Tiny Ltd is C$10.00, about 34.2% above its August 5 closing price of C$7.45
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago

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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.)