Radio & Television

Stingray posts “solid” year, despite Covid impacts

MONTREAL – Fiscal 2021 revenue decreased 18.7% to $249.5 million, primarily due to the impact of the Covid-19 pandemic on radio revenues, broadcaster and commercial music supplier Stingray Group said late Wednesday. Adjusted EBITDA for fiscal 2021, ended March 31st, decreased $3.8 million or 3.2% to $114.3 million and adjusted EBITDA margin was 45.8% compared to 38.5% for fiscal 2020. Net income for fiscal 2021, however, was $45.1 million, compared to $14 million  for the prior year. The increase “was mainly related to a mark-to-market gain on derivative instruments, to lower legal expenses and to a foreign exchange gain, partially...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.