Topic: How To Invest

Q: Hi. What do you think of Stingray Group: RAY.A on the TSX? Thank you.

Article Excerpt

A: Stingray Group Inc., $7.11, symbol RAY.A on Toronto (Shares outstanding: 76.4 million; Market cap: $543.6 million;, operates multi-platform music and video services such as audio television channels, radio channels, karaoke products, and music apps. The company provides its services to consumers through pay TV operators, commercial establishments and mobile operators. In May 2019, Stingray, along with Bell Canada, announced its second launch in less than a year of Stingray Products. Bell Fibe TV subscribers can now access two on-demand services created especially for music fans: Stingray Qello and Stingray Karaoke. For a monthly fee, subscribers can watch sold-out performances by music-industry headliners or sing karaoke songs. On August 5, 2019, the company reached a long-term agreement with Rogers Communications that renewed their longstanding relationship. In the three months ended June 30, 2019, Stingray’s revenue jumped a whopping 133.4%, to $80.4 million from $34.5 million a year earlier. Excluding one-time items, the company made $15.8 million, up 168.2% from $5.9 million. Per-share earnings…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.