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Stingray - M&A Summary and Business Overview

Digital MediaCompany

Stingray M&A Summary

Stingray has acquired 27 companies, including 6 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 6 different US states, and 8 countries. The Company’s most targeted sectors include media (52%) 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 324M CAD for 2023 and 283M CAD for 2022.

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 Activity27
    • M&A Buy Activity27
  • 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 incorporated in 2007 and is based in Montreal, Quebec.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.8/yr) # 23 2 1 - 1 - 27
vol $508M $45M $553M
Sell (0.0/yr) # - - - - - - 0
  27

Most Recent M&A

Company Date Value Type
Loupe, Inc. 2024-12-23 - Add-on Acquisition
Atlanta, Georgia · www.loupeart.com
InStore Audio Network 2022-01-05 45M CAD Add-on Acquisition
Princeton, New Jersey · www.instoreaudionetwork.com
Algorhythm Holdings, 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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Media 14 (52%) 506M (92%) - -
Internet Software and Services 3 (11%) - - -
Marketing 3 (11%) 45M (8%) - -
Digital Media 2 (7%) - - -
Information Technology 2 (7%) 2M (< 1%) - -
Business Services 1 (4%) - - -
Consumer Products 1 (4%) - - -
Distribution 1 (4%) - - -
Total 27 $553M - -

By Geo

State/Country Buy Value Sell Value
Canada 8 508M - -
  Ontario 3 - - -
  Quebec 2 2M - -
  Nova Scotia 1 506M - -
  Manitoba 1 - - -
United States 7 45M - -
  Florida 2 - - -
  California 1 - - -
  Texas 1 - - -
  New York 1 - - -
  New Jersey 1 45M - -
  Georgia 1 - - -
Netherlands 6 - - -
Australia 2 - - -
Germany 1 - - -
Israel 1 - - -
Mexico 1 - - -
Switzerland 1 - - -
Domestic 8 (30%) 508M (92%) - -
Cross-border 19 (70%) 45M (8%) - -
Total 27 $553M - -

Top M&A Advisors

Financial Deals
National Bank Financial
 1
Legal Deals
Davies Ward Phillips & Vineberg
 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

324   15% 2023
283   15% 2022
248   20% 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.

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