Canada's Tiny Q1 revenue rises on serato acquisition

Tiny

13/05/2026 12:10

Overview

Canada holding company reported Q1 revenue up 7% yr/yr to C$51.5 mln

Adjusted EBITDA for Q1 fell 5% yr/yr, mainly due to divestiture and strong prior-year quarter

Company appointed Austin Singhera as CEO, with increased executive chairman involvement

Outlook

Tiny plans to implement AI-driven efficiency initiatives to drive margin improvement

Company is broadening types of businesses considered for acquisition with focus on durable advantages

Tiny remains focused on disciplined capital allocation and operational efficiencies in 2026

Result Drivers

SERATO ACQUISITION - Revenue and recurring revenue growth were primarily driven by the contribution from Serato, acquired in May 2025

DIVESTITURE IMPACT - Adjusted EBITDA decline was mainly due to the divestiture of We Work Remotely and a strong prior-year quarter in Digital Services

SLOWER START AT WECOMMERCE AND CREATIVE MARKET - Contributions from WeCommerce and Creative Market were weaker, reflecting pressure on merchant activity and adjustments across partner platforms

Company press release: ID:nNFCbF7Llp

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$51.50 mln
Q1 Net Income
-C$10.20 mln
Q1 Adjusted EBITDA
C$9.20 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 65.8% above its May 12 closing price of C$6.03

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.)