Stingray Group Inc. reported a 16.7% increase in organic growth, with revenues growing 21.0% to $113.3 million in the second quarter of 2026. Adjusted EBITDA improved 16.3% to $39.5 million, and net income rose 102.5% to $11.8 million. The corporation also secured a $150 million term loan for the acquisition of TuneIn Holdings, Inc.

In the second quarter, revenues in Canada increased 5.2%, while revenues in the U.S. grew 57.9%. Broadcasting and Commercial Music revenues saw a 32.8% increase, with Radio revenues declining slightly. Adjusted EBITDA improved by 16.3% to $39.5 million, and net income rose to $11.8 million. Cash flow from operating activities grew to $24.3 million.

Stingray announced the acquisition of TuneIn Holdings, Inc., valued at up to US$175 million. The corporation also acquired DMI, a leader in music branding and in-store audio advertising. Revenue synergies from these acquisitions are expected to drive growth and shareholder value. Stingray also declared a dividend increase of 13.33% to $0.085 per share.

Stingray continues to expand its market presence with strategic partnerships and new channel launches. Recent acquisitions and partnerships, including with Roku, TELUS, and Just For Laughs, strengthen Stingray’s position in the industry. With a focus on growth and innovation, Stingray is poised for continued success in the music and media sector.

Read more at GlobeNewswire: Stingray Reports Second Quarter Results for Fiscal 2026