Stingray Group, a Montreal-based music and media company, has acquired TuneIn, a leading U.S. streaming radio platform with over 75 million monthly active users, in a deal valued at up to $175 million.
The transaction includes a $150 million upfront payment and up to $25 million more contingent on TuneIn meeting 2025 revenue and EBITDA targets of $110 million and $30 million, respectively.
The deal is expected to close by year-end, pending shareholder and regulatory approvals.
TuneIn, which distributes over 100,000 radio stations, podcasts, and live audio channels across 200+ connected devices—including major in-car systems—will operate as a standalone brand under Stingray.
The acquisition combines TuneIn’s global streaming reach and ad tech with Stingray’s extensive content library and Canadian radio network of over 100 stations.
The combined entity will generate pro forma annual revenue exceeding $400 million, strengthening its position in digital audio advertising, in-car entertainment, and global content distribution. Stingray CEO Eric Boyko called it a step toward building “an unmatched audio ecosystem,” while TuneIn CEO Richard Stern highlighted the partnership’s potential to scale live audio worldwide.
Financing is secured via a $150 million term loan under Stingray’s renewed credit facility.