Company Market Research Report: Stingray Group Inc.
Company Overview
Name
- Stingray Group Inc.
Mission of the Company
- Using the power of our people, our music, and our content to deliver the best curated audio and video experiences to consumers and businesses worldwide.
Founded
- No information is available
Founders
- No information is available
Key People
- Jim Riley, President, US Division
- Frédérique Gagnier, Public Relations Manager
Headquarters
- 730 Wellington, Montreal, Quebec, Canada H3C 1T4
Number of Employees
- Approximately 1000 employees worldwide
Revenue
- Revenues increased 12.8% to $89.1 million in the first quarter of fiscal 2025 from $79.0 million in the first quarter of 2024.
Known For
- Stingray is known for being a leading provider in music, media, and technology, delivering a variety of services including TV broadcasting, streaming, radio, business services, advertising, and in-car infotainment.
Products
Advertising Sales
Description
- Largest in-store retail media network in North America with comprehensive audio advertising solutions.
Key Features
- Access to over 928 million shopping visits monthly across 25,100+ locations.
Streaming & Distribution
Description
- High-quality music and video content delivered via TV, mobile, in-car, and web streaming.
Key Features
- Content licensing and rights management ensuring top-tier entertainment solutions.
Consumer Products
Description
- Wide range of music entertainment services including concerts, karaoke, playlists, and wellness channels.
Key Features
- Available on streaming platforms, mobile, web, TV apps, in-car and in-flight systems.
Radio
Description
- Network of over 100 radio stations in Canada.
Key Features
- Reaches over 7 million weekly listeners providing music, news, and talk shows.
Business Solutions
Description
- Tailored in-store experience through background music, digital signage, and branded messaging.
Key Features
- Includes AI-driven consumer insights and retail monetization.
Recent Developments
New Products Launched
- Stingray Naturescape and ZenLIFE: Available on Amazon Fire TV Channels for tranquility and mindfulness content.
- Stingray Karaoke on Ford Vehicles: Debut of karaoke in Ford cars starting with F-150 Lightning and Mustang Mach-E.
- Qello Concerts and ZenLIFE on Amazon Freevee
New Features Added
- No information is available
New Partnerships
- Ford Motor Company: Partnership to provide Stingray Karaoke in Ford vehicles including F-150 Lightning and Mustang Mach-E.
Financial Information
Quarterly Financial Results
- Q1 2025:
- Revenues increased 12.8% to $89.1 million.
- Adjusted EBITDA improved 9.9% to $31.1 million.
- Net income totaled $7.3 million.
- Adjusted net income increased 17.2% to $13.9 million.
- Cash flow from operating activities amounted to $10.8 million.
- Adjusted free cash flow reached $15.5 million.
- Net debt to Pro Forma Adjusted EBITDA ratio was 2.77x.
- Repurchased and cancelled 307,200 shares for a total of $2.3 million.
Press Releases
- September 25, 2024: Stingray Renews its Normal Course Issuer Bid.
- August 6, 2024: Stingray Reports First Quarter Results for Fiscal 2025.
- July 17, 2024: Stingray Launches Qello Concerts and ZenLIFE on Amazon Freevee.
- September 3, 2024: New Country 93.5 Brings Country Back to Toronto.
Corporate Address
- Head Office: 730 Wellington, Montreal, Quebec, Canada H3C 1T4
Contact Information
- Public Relations Manager: Frédérique Gagnier, fgagnier@stingray.com
Accessibility Plan
- Committed to providing accessible services to persons with disabilities.
- Multiple channels for feedback: in person, telephone, mail, and email.
Leadership Team
- No specific listing is available
Summary
Stingray Group Inc. is a leading figure in the media and entertainment industry, driven by innovation and excellence. The company continues to expand its footprint through diversified offerings in advertising sales, streaming, consumer products, radio, and business solutions while maintaining its commitment to exceptional customer experience and cutting-edge technology.
