International acquisitions, subscriber growth, power Q4 revenues at Stingray

MONTREAL – Acquisitions continue to pay off for Stingray Digital Group which saw its fourth quarter profits jump by over 24%, the company said Thursday.For the quarter ended March 31, 2018, revenues increased 24.7% to $33.0 million, up from $26.5 million a year ago, primarily due to the acquisition of Yokee Music, Qello Concerts, Satellite Music Australia and SBA Music, combined with organic growth of SVoD services in the U.S.Recurring revenues grew 30.8% to $29.7 million year-over-year and increased to 89.8% of total revenues for the quarter, compared to 85.6% of total revenues last year. For the quarter, Canadian revenues decreased...