Stingray Reports Second Quarter Results for Fiscal 2024
Reporting on second quarter results for fiscal 2024, Stingray's President, co-founder and CEO Eric Boyko stated:
- Reporting on second quarter results for fiscal 2024, Stingray's President, co-founder and CEO Eric Boyko stated:
“Stingray delivered solid second quarter results with organic growth of 7.1% year-over-year in Broadcast and Recurring Commercial Music revenues, resulting in Adjusted EBITDA of $29.5 million or an increase of 9.2% compared to last year. - In terms of free ad-supported streaming TV (FAST), 18 new Stingray channels appeared on Samsung TV Plus in the U.S. last month.
- Revenues increased $4.9 million, or 6.3%, to $82.5 million in Q2 2024 from $77.6 million in Q2 2023.
- For the quarter, revenues in Canada rose $1.2 million, or 2.5%, to $48.4 million from $47.2 million in Q2 2023.