Stingray Group Inc.: management transactions · Canada · SEDI

About Stingray Group Inc.

Stingray Group Inc. is a Canadian company listed on the TSX under the ticker RAY.TO, with headquarters in Montreal, Canada. Founded in 2007 by Eric Boyko and Alexandre Taillefer, with backing from Télésystème and later Novacap, Stingray has built its business through disciplined acquisitions and a steady expansion of its audio, music, and media platform. Over time, it has evolved from a music-programming business into a diversified global media and audio monetization company. ([corporate.stingray.com](https://corporate.stingray.com/wp-content/uploads/2025/06/stingray-annual-report-F2025-vf.pdf)) Operationally, Stingray spans several complementary lines of business. The group provides music and video broadcasting, radio services, streaming products, mobile and connected-app offerings, and B2B solutions for retailers and enterprises. Its portfolio includes FAST channels, SVOD services, in-store music and advertising, digital signage, and customer-experience tools tied to analytics and content delivery. This mix gives the company exposure to recurring subscription revenue, long-term contracts, and advertising monetization rather than relying on a single product cycle. ([corporate.stingray.com](https://corporate.stingray.com/wp-content/uploads/2025/06/stingray-annual-report-F2025-vf.pdf)) A key part of Stingray’s investment case is its broad distribution footprint. Management states that the company reaches more than 540 million subscribers in 160 countries, with content and services delivered through TVs, mobile devices, connected devices, game consoles, and connected cars. The annual report also highlights 97 radio licenses and more than 160 million app downloads, underscoring the scale of its consumer reach and its ability to distribute content across multiple endpoints. For investors, this suggests a business with international scale and diversified monetization channels. ([corporate.stingray.com](https://corporate.stingray.com/wp-content/uploads/2025/06/stingray-annual-report-F2025-vf.pdf)) Stingray’s competitive position is built on three pillars: proprietary technology, deep content curation capabilities, and a strong track record of acquisitions and integrations. The company emphasizes its own technology stack for digital music distribution and ambiance solutions, and it describes acquisitions as a central part of its growth strategy, with 48 acquisitions completed since inception. Management also highlights capital discipline, prioritizing debt reduction alongside selective M&A. ([corporate.stingray.com](https://corporate.stingray.com/wp-content/uploads/2025/06/stingray-annual-report-F2025-vf.pdf)) Recent developments reinforce that strategy. In October 2025, Stingray announced the acquisition of DMI, a U.S.-based music branding and in-store audio advertising business, adding roughly 8,500 retail locations in the United States and strengthening its North American retail media network. In November 2025, the company announced an agreement to acquire TuneIn, and in December 2025 it completed that transaction, expanding its audio streaming and digital advertising capabilities. In the second quarter of fiscal 2026, Stingray reported strong revenue growth and improved adjusted EBITDA, supported by the TuneIn acquisition, FAST channel momentum, and equipment sales linked to The Singing Machine. ([corporate.stingray.com](https://corporate.stingray.com/wp-content/uploads/2025/11/ray-q1-2026-stingray-press-release-en.pdf))