Stingray’s revenues grew 4.8% in Q3 2022

MONTREAL — Commercial music service provider and broadcaster Stingray Group Inc. announced yesterday its revenues grew 4.8% to $76 million in the third quarter of its 2022 fiscal year compared to the same quarter in fiscal 2021. The company said in a press release the revenue increase “was primarily due to the gradual easing of Covid-19 restrictions and the return to normal commercial operations as well as an increase in advertising revenues in the Broadcast and Commercial Music segment.” The breakdown of its revenue numbers for the quarter ended Dec. 31, 2021, shows the company’s broadcasting and commercial music revenues...