Stingray - M&A Summary and Business Overview

Digital MediaCompany

Stingray M&A Summary

Stingray has acquired 26 companies, including 5 in the last 5 years.

Stingray’s largest acquisition to date was in 2018, when it acquired Newfoundland Capital for $506M. Stingray has acquired in 5 different US states, and 8 countries. The Company’s most targeted sectors include media (54%) and internet software and services (12%).

Stingray Business Overview

Where is Stingray headquartered?

Stingray is headquartered in Montreal, Quebec.

What is Stingray’s revenue?

Stingray disclosed revenue of 283M CAD for 2022 and 249M CAD for 2021.

How many employees does Stingray have?

Stingray has 1,000 employees.

What sector is Stingray in?

Stingray is a digital media company.

When was Stingray founded?

Stingray was founded in 2007.

M&A Summary

M&A Total Activity26
- M&A Buy Activity26
Total Sectors Invested 8
Total Countries Invested 8
M&A Buy/Sell Connections 4
M&A Advisors 2

Stingray

Stingray Group, Inc.

730 Wellington,
Montreal, Quebec H3C 1T4
Canada,
(514) 664-1244
www.stingray.com

Stingray is a music and video content provider on a number of platforms including Digital TV, IPTV, the Internet, mobile devices and game consoles. Stingray was founded in 2007 and is based in Montreal, Quebec.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (1.0/yr)	#	21	2	2	1	-	-	26
Buy (1.0/yr)	vol	$508M			$45M			$553M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								26

Most Recent M&A

Company	Date	Value	Type
InStore Audio Network	2022-01-05	45M CAD	Add-on Acquisition
Princeton, New Jersey · www.instoreaudionetwork.com
The Singing Machine Co., Inc.	2021-08-11	-	Stake Purchase
Fort Lauderdale, Florida · www.singingmachine.com
Calm Radio Corp.	2021-07-05	-	Add-on Acquisition
Toronto, Ontario · www.calmradio.com
Marketing Sensorial México, S.A.P.I. de C.V.	2020-05-06	-	Add-on Acquisition
Mexico City, Mexico · www.basha.mx
Chatter Research, Inc.	2020-01-27	-	Add-on Acquisition
Mountain View, California · www.chatterresearch.com
DJ-Matic BV	2018-10-12	-	Add-on Acquisition
Hilversum, Netherlands · www.dj-matic.com
Novramedia Inc.	2018-08-01	-	Add-on Acquisition
North York, Ontario · www.novramedia.com
Newfoundland Capital Corporation Ltd.	2018-05-02	506M USD	Add-on Acquisition
Dartmouth, Nova Scotia · www.ncc.ca
Qello Concerts	2018-01-03	-	Add-on Acquisition
New York, New York · www.qello.com
SBA Music PTY Ltd. (SBA)	2017-07-31	-	Add-on Acquisition
Surry Hills, Australia · www.sbamusic.com.au
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Media	14 (54%)	506M (92%)	-	-
Internet Software and Services	3 (12%)	-	-	-
Marketing	3 (12%)	45M (8%)	-	-
Information Technology	2 (8%)	2M (< 1%)	-	-
Business Services	1 (4%)	-	-	-
Consumer Products	1 (4%)	-	-	-
Digital Media	1 (4%)	-	-	-
Distribution	1 (4%)	-	-	-
Total	26	$553M	-	-

By Geo

State/Country		Buy	Value	Sell	Value
Canada		8	508M	-	-
	Ontario	3	-	-	-
	Quebec	2	2M	-	-
	Nova Scotia	1	506M	-	-
	Manitoba	1	-	-	-
Netherlands		6	-	-	-
United States		6	45M	-	-
	Florida	2	-	-	-
	Texas	1	-	-	-
	New York	1	-	-	-
	New Jersey	1	45M	-	-
	California	1	-	-	-
Australia		2	-	-	-
Germany		1	-	-	-
Israel		1	-	-	-
Mexico		1	-	-	-
Switzerland		1	-	-	-
Domestic		8 (31%)	508M (92%)	-	-
Cross-border		18 (69%)	45M (8%)	-	-
Total		26	$553M	-	-

Top M&A Advisors

Financial	Deals
National Bank Financial	1

Legal	Deals
Davies Ward Phillips & Vineberg LLP	1

Deal Values

buy	#	Total
$100M to $1B	1	$506M
< $100M	2	$47M
TOTAL		$553M
Largest	Newfoundland Capital Corporation Ltd. $506M (2018-05-02)

M&A Connections

		Deals
Acquired from
Strategic(s)	19%	5 (19%)

Company Summary

SECTOR

Digital Media

Revenue

283 14%	2022
249 19%	2021
307 45%	2020
213	2019
(millions of CAD)	Show More Show Less

Employees

1,000

Established

2007

Public

Toronto (TSX): RAY-A

Former Name

Stingray Digital Group, Inc.

Investor History
2016-06-20
Stake Purchase

CDPQ PE

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Stingray - M&A Summary and Business Overview

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