Montreal-based Stingray, a streaming music, radio, and media company, posted robust fourth-quarter and full-year fiscal 2026 financial results, driven primarily by its acquisition and successful integration of the internet radio platform TuneIn.
In the fourth quarter, revenue surged 43.6% to approximately $100.6 million (U.S.), compared with $70.1 million in the same period last year. Adjusted EBITDA rose 21.3% to about $31 million, and adjusted net income increased to roughly $15.2 million from $13.6 million a year earlier.
For the full fiscal year ended March 31, 2026, revenue grew 21.9% to approximately $344.3 million, while adjusted EBITDA increased 12.6% to about $117 million. Adjusted net income rose 24.3% to roughly $65.9 million.
The company also reported strong cash generation, with operating cash flow of approximately $85.1 million (up 11%) and adjusted free cash flow of about $74.5 million (up 22.1%).
Stingray recorded a net loss of $47.2 million in the fourth quarter and a full-year net loss of $20.9 million, largely due to one-time accounting charges related to acquisitions, including goodwill impairment and costs tied to the TuneIn deal.
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| Eric Boyko |
Integration of TuneIn is progressing ahead of schedule and delivering stronger-than-expected results.
Revenue synergies have already exceeded $30 million, while cost savings and efficiencies have surpassed $8.8 million. The deal has boosted both advertising and subscription revenue and significantly expanded Stingray’s U.S. footprint.
The U.S. market showed the biggest gains, with fourth-quarter revenue more than doubling — up 117% to approximately $60.2 million — thanks largely to TuneIn’s contribution.