Streaming music, radio and media company Stingray reported strong fourth-quarter and full-year results for fiscal 2026, driven largely by its acquisition and integration of internet radio platform TuneIn.
The Montreal-based company said fourth-quarter revenue rose 43.6% to approximately $100.6 million (U.S.) vs. about $70.1 million a year earlier. Adjusted EBITDA, a measure of operating profitability, increased 21.3% to roughly $31 million, while adjusted net income climbed to about $15.2 million, up from $13.6 million in the year-earlier quarter.
For the full fiscal year ended March 31, revenue increased 21.9% to approximately $344.3 million, while adjusted EBITDA rose 12.6% to about $117 million. Adjusted net income reached roughly $65.9 million, up 24.3% from the prior year.
The company also generated approximately $85.1 million in operating cash flow during the year, an increase of 11%, while adjusted free cash flow rose 22.1% to about $74.5 million.
Stingray reported a net loss of approximately $47.2 million for the fourth quarter and a full-year net loss of about $20.9 million, primarily because of one-time accounting charges related to acquisitions, including a goodwill impairment and expenses associated with the TuneIn transaction.
CEO and co-founder Eric Boyko said the acquisition is already producing significant benefits.
“Stingray delivered a strong financial performance in fiscal 2026 as revenues and adjusted EBITDA increased 21.9% and 12.6%, respectively, driven by the game-changing TuneIn acquisition and rapidly growing FAST channel segment,” Boyko said in a statement announcing the results.
TuneIn, an internet radio and live audio platform, has become a major contributor to Stingray’s business since the acquisition closed. Company executives said integration efforts are progressing ahead of schedule and are generating stronger-than-expected returns.
According to Stingray, revenue synergies tied to TuneIn have already exceeded $30 million, while cost savings and operational efficiencies have surpassed $8.8 million. The company said the acquisition has strengthened both its advertising and subscription businesses and significantly expanded its presence in the U.S.
The impact was particularly evident in the company’s geographic results. U.S. revenue more than doubled during the fourth quarter, rising 117% to approximately $60.2 million, largely because of TuneIn’s contribution.
Beyond TuneIn, Stingray benefited from continued growth in its free ad-supported streaming television, or FAST, channels and from contributions by karaoke-products company The Singing Machine, another recent acquisition. Those gains helped offset softer results in the company’s traditional radio business, where advertising sales remained under pressure.
The company ended fiscal 2026 with approximately $15.1 million in cash and access to nearly $383 million in available credit facilities.
As Stingray continues integrating TuneIn and expanding its streaming, digital advertising and subscription offerings, executives said they expect the acquisition to remain a key driver of growth in the year ahead.
“The TuneIn integration continues to outperform our expectations,” Boyko said, adding that the company remains focused on expanding its digital media footprint and unlocking additional value from the combination.