Radio / Television News

Stingray revenues grow on strength of US, global business


MONTREAL — Stingray Digital Group saw a 16% increase in revenues in the first quarter of its 2019 fiscal year, primarily due to strong growth in revenues in the United States and other countries where it has expanded its business during the last 12 months.Overall, Stingray’s revenues increased 16.1% to $34.5 million in the first quarter of 2019, compared to $29.7 million in the first quarter of last year. However, Stingray’s Canadian revenues actually decreased 6.2% to $13.7 million (representing 39.6% of its total revenues) in the first quarter of 2019, due to less equipment and installation sales related to...