Stingray Group Inc. (T:RAY*CA)

Business Focus: Broadcasting (NEC)

Sector:  Consumer Cyclicals Industry:  Broadcasting
 
Company Contact
Address: 730 Wellington
MONTREAL QC H3C 1T4
Tel: N/A
Website: https://www.stingray.com
IR: See website
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Key People
Eric Boyko
President, Chief Executive Officer, Director
David L. Purdy
Chief Revenue Officer
Jean-Pierre Trahan
Chief Financial Officer
Ian S. Lurie
President - Radio
Mario Dubois
Senior Vice President, Chief Technology Officer
Lloyd Perry Feldman
Senior Vice President, General Counsel, Corporate Secretary
Mathieu Peloquin
Senior Vice President of Marketing and Communications
Marie-helene Fournier
Vice President - Operations and International Finance
Valerie Heroux
Vice President - Content Acquisition and Programming
Ratha Khuong
General Manager - Stingray Business
   
Business Overview
Stingray Group Inc. is a Canada-based music, media, and technology company. The Company provides TV broadcasting, streaming, radio, business services, and advertising services. It also provides an array of music, digital, and advertising services to enterprise brands worldwide, including audio and video channels, over 100 radio stations, subscription video-on-demand content, FAST channels, karaoke products and music apps, and in-car and on-board infotainment content. The Company operates through two segments: Broadcasting and commercial music and Radio. The Broadcasting and commercial music segment specializes in the broadcast of music and videos on multiple platforms and digital signage experiences and generates revenues from subscriptions or contracts. The Radio segment operates several radio stations across Canada. The company distributes its products and services through various platforms that include digital cable TV, satellite TV, OTT, the internet, mobile devices, and others.
Financial Overview
For the nine months ended 31 December 2023, Stingray Group Inc revenues increased 7% to C$261.8M. Net income increased 27% to C$32.6M. Revenues reflect Broadcasting and commercial music segment increase of 12% to C$162.7M, United States segment increase of 21% to C$77.7M, Canada segment increase of 2% to C$146.7M. Net income benefited from Legal decrease from C$1.1M (expense) to C$3.6M (income).
Employees: 1,000 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $781.95M as of Dec 31, 2023
Annual revenue (TTM): $340.69M as of Dec 31, 2023
EBITDA (TTM): $121.07M as of Dec 31, 2023
Net annual income (TTM): $37.02M as of Dec 31, 2023
Free cash flow (TTM): $66.26M as of Dec 31, 2023
Net Debt Last Fiscal Year: $403.99M as of Dec 31, 2023
Shares outstanding: 68,764,100 as of Apr 24, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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