Stingray's impressive financial performance in fiscal 2026 is a testament to the strategic prowess of its leadership. The company's acquisition of TuneIn, an internet radio and live audio platform, has been a game-changer, generating significant revenue and operational synergies. This deal, as CEO Eric Boyko highlights, has already produced substantial benefits, surpassing initial expectations.
The numbers speak for themselves. Fourth-quarter revenue soared 43.6% to $100.6 million, with adjusted EBITDA up 21.3% to $31 million. For the full fiscal year, revenue increased 21.9% to $344.3 million, and adjusted EBITDA rose 12.6% to $117 million. These figures underscore the success of the TuneIn acquisition, which has contributed over $30 million in revenue synergies and $8.8 million in cost savings.
The impact is particularly notable in the U.S. market, where revenue more than doubled to $60.2 million during the fourth quarter. This surge is largely attributed to TuneIn's integration, which has expanded Stingray's presence in the U.S. and strengthened its advertising and subscription businesses.
Beyond TuneIn, Stingray's free ad-supported streaming television (FAST) channels and its acquisition of The Singing Machine, a karaoke-products company, have contributed to the company's growth. These moves have helped offset challenges in the traditional radio business, where advertising sales remain under pressure.
The financial success is accompanied by a robust balance sheet. Stingray ended fiscal 2026 with $15.1 million in cash and access to $383 million in credit facilities, providing a solid foundation for future growth.
As Stingray continues to integrate TuneIn and expand its streaming, digital advertising, and subscription offerings, the acquisition is expected to remain a key driver of growth. CEO Boyko's confidence in the integration's performance and the company's focus on expanding its digital media footprint bode well for the future.
However, it's essential to consider the challenges that lie ahead. The company's net loss of $47.2 million in the fourth quarter and $20.9 million for the full year, primarily due to one-time accounting charges, serves as a reminder of the ongoing costs associated with acquisitions. Balancing growth with financial stability will be crucial as Stingray navigates the competitive landscape of the streaming media industry.
