Radio / Television News

Stingray sees Q3 profits leap 111%


MONTREAL – Acquisitions and international growth boosted third quarter revenues and profits at Stingray Digital Group, the company said Thursday.For the third quarter ended December 31, 2015, Stingray posted revenues of $23.1 million, up 24.6% from $18.5 million in revenues a year ago, primarily due to acquisitions combined with growth in international markets, including a new contract with AT&T in the US, additional sales from installation and equipment, and a favorable exchange rate with the US dollar.Recurring revenues were up 20.0% to $19.7 million over the same period last year and decreased slightly as a percentage of total revenues to...