Overview

* Stingray fiscal Q1 revenue rises 7.4% yr/yr but misses analyst expectations

* Adjusted EBITDA for fiscal Q1 grows 8.3% but misses consensus, per LSEG data

Outlook

Stingray sees growth opportunities in in-car karaoke market

Result Drivers

* FAST CHANNEL REVENUES - Growth primarily driven by increased FAST channel revenues

* RETAIL MEDIA CHALLENGES - Faced tough comparables in retail media advertising, impacting growth

* DIGITAL SIGNAGE DELAYS - Revenue recognition affected by delays in digital signage projects

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Miss C$95.60 C$96.50

Revenue mln mln (4

Analysts

)

Q1 C$21.30

Adjusted mln

Net

Income

Q1 Net C$16.80

Income mln

Q1 Miss C$33.70 C$34.10

Adjusted mln mln (5

EBITDA Analysts

)

Q1 C$19 mln

Operatin

g Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the broadcasting peer group is "hold."

* Wall Street's median 12-month price target for Stingray Group Inc ( STGYF ) is C$13.00, about 16.6% above its August 5 closing price of C$10.84

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)