Stingray Group Inc. (RAYA) Earnings Call Transcripts
Stingray Group Inc.'s Latest Earnings Call - Q4 FY2026
In Q4 2026, Stingray Group Inc. reported a significant revenue increase of 43.6% year-over-year, reaching $137.8 million, primarily driven by the TuneIn acquisition and robust advertising sales. However, the company experienced a net loss of $64.6 million, largely due to a goodwill impairment charge. Management maintained an optimistic outlook for fiscal 2027, projecting organic sales growth above 20% in Q1, supported by strong synergies from the TuneIn integration and a growing programmatic advertising business.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $137.8 million (beat) |
| Net Loss | $64.6 million (miss) |
| Adjusted EBITDA | $42.5 million (beat) |
| Adjusted EBITDA Margin | 30.8% (miss) |
| Advertising Revenue Growth | 68.4% (positive) |
| Cash Flow from Operating Activities | $35.2 million (miss) |
Guidance from management
Management maintained an adjusted EBITDA margin target of 35% and projected organic sales growth above 20% for Q1 2027, indicating strong momentum from the TuneIn acquisition.
What management said
Okay, Marie. Again, this concludes our prepared remarks. At this point, Marie and I are pleased to answer your questions from our fantastic analysts. So very proud of the analysts that we have.
Yes, it would really be about -- there's a big advantage. It will be about trading, absolutely. And there's a big advantage. You own 2 radio stations, you own 3 radio stations, you have 1 sales force. You have 4 radio stations, you have 1 sales force. There's a lot of savings to having 4 radio stations or 3. We're happy that we bought a third one in Calgary. The synergies there are incredible. And I think that one da...
What analysts pressed on
Analysts expressed concerns regarding the decline in radio revenues and the impact of competition in digital advertising. There were also questions about the slower-than-expected realization of cost synergies from the TuneIn acquisition.
Main topics on the call
- Strong Revenue Growth — Stingray's revenues surged by 43.6% in Q4 2026, reaching $137.8 million, compared to $96 million in Q4 2025. Management noted, "the year-over-year growth was mainly driven by higher advertising and subscription revenues ...
- TuneIn Acquisition Synergies — The integration of TuneIn is proving beneficial, with revenue synergies exceeding CAD 42 million and cost optimization reaching CAD 12 million within six months. CEO Eric Boyko stated, "TuneIn has truly transformative an...
- Decline in Net Income — The company reported a net loss of $64.6 million in Q4 2026, primarily due to a goodwill impairment charge of $64.7 million. This marked a significant decline from a net income of $7.7 million in Q4 2025.
- Advertising Revenue Growth — Advertising revenues increased significantly, with programmatic ad sales approaching a run rate of $275 million. Management highlighted that combined programmatic ad sales are now achieving USD 520,000 per day, exceeding...
Read the full Stingray Group Inc. transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Stingray Group Inc.
Stingray Group Inc. (RAYA) is a publicly listed company in the Media industry, within the Communication Services sector. It trades and is based in CA. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 33 calls on record spanning February 6, 2020 to August 10, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 33 Stingray Group Inc. earnings call transcripts on record, spanning February 6, 2020 to August 10, 2026. Based on this history, Stingray Group Inc. reports quarterly. The most recent call on file is dated August 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- RAYA
- Country
- CA
- Sector
- Communication Services
- Industry
- Media
- Calls on record
- 33
- First call
- February 6, 2020
- Most recent
- August 10, 2026
- Reporting cadence
- quarterly