About Stingray
Stingray is a company based in Montreal (Canada) founded in 2007. It operates as a Subscription Services, Advertising Model, and Licensing Model. The company has 950 employees as of March 31, 2024. Stingray has completed 22 acquisitions, including C Music TV, Calm Radio and Chatter Research. Stingray offers products and services including Stingray Advertising, Streaming & Distribution, In-car Entertainment, Business Solutions, and Consumer Products. Stingray operates in a competitive market with competitors including Condense Live, AmazeVR, MelodyVR, Trubify and Amaze, among others.
- Headquarter Montreal, Canada
- Employees 950 as on 31 Mar, 2024
- Stage Public
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Stingray Group, Inc.
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Annual Revenue
$268.9 M (USD)12as on Mar 31, 2024
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Net Profit
$25.33 M (USD)365.21as on Mar 31, 2024
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EBITDA
$91.47 M (USD)10.99as on Mar 31, 2024
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Latest Funding Round
$21 M (USD), Post-IPO
Jun 09, 2015
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Investors
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Employee Count
950
as on Mar 31, 2024
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Investments & Acquisitions
C Music TV
& 21 more
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IPO & Listings of Stingray
Stingray is a publicly listed company on the TSX with ticker symbol RAY.A in Canada, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Stingray
Stingray offers a comprehensive portfolio of products and services, including Stingray Advertising, Streaming & Distribution, In-car Entertainment, Business Solutions, and Consumer Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
In-store retail media network is provided for brands.
Music and video content distribution is offered globally.
Tailored entertainment solutions for vehicles are delivered worldwide.
Curated music and digital signage are provided businesses.
Music, karaoke, and wellness channels are offered consumers.
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Software Development Team
56 people
Sales and Marketing
42 people
Leadership Team
31 people
Finance and Accounting
13 people
Creative and Marketing Team
7 people
Product Management Team
7 people
Promotions Team
4 people
Gestionnaire Team
4 people
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Funding Insights of Stingray
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $21.0M
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First Round
First Round
(09 Jun 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Post-IPO - Stingray | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Stingray
Stingray has strategically engaged in corporate development activities, having acquired 22 companies. Notable acquisitions include C Music TV, Calm Radio and Chatter Research. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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General entertainment programming is broadcast via a Canadian TV network.
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2020 | ||||
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Chat based survey platform
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2016 | ||||
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A 4K television network is operated from the Netherlands.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Stingray
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Stingray Comparisons
Competitors of Stingray
Stingray operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Condense Live, AmazeVR, MelodyVR, Trubify and Amaze, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A metaverse platform is offered for live streaming events.
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| domain | founded_year | HQ Location |
VR music concerts are provided through immersive technology for fans.
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| domain | founded_year | HQ Location |
Immersive VR music experiences are produced and distributed globally.
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| domain | founded_year | HQ Location |
Live music performances are streamed through an app-based platform.
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| domain | founded_year | HQ Location |
Virtual reality-enabled live music concert streaming solution is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Stingray
Frequently Asked Questions about Stingray
When was Stingray founded?
Stingray was founded in 2007 and raised its 1st funding round 8 years after it was founded.
Where is Stingray located?
Stingray is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
How many employees does Stingray have?
As of Mar 31, 2024, the latest employee count at Stingray is 950.
What is the annual revenue of Stingray?
Annual revenue of Stingray is $268.9M as on Mar 31, 2024.
What does Stingray do?
Stingray is recognized as a leader in audio and video streaming and distribution worldwide. The company is involved in multiple sectors including advertising sales, in-store retail media, content licensing, in-car entertainment, and business solutions. Services are provided to enhance consumer and business experiences through curated music, video content, digital signage, and interactive platforms. Operations span across North America and other regions, focusing on delivering high-quality entertainment and advertising solutions to diverse audiences and industries.
Who are the top competitors of Stingray?
Stingray's top competitors include MelodyVR, Trubify and Condense Live.
What products or services does Stingray offer?
Stingray offers Stingray Advertising, Streaming & Distribution, In-car Entertainment, Business Solutions, and Consumer Products.
Is Stingray publicly traded?
Yes, Stingray is publicly traded on TSX under the ticker symbol RAY.A.
How many acquisitions has Stingray made?
Stingray has made 22 acquisitions, including C Music TV, Calm Radio, and Chatter Research.
What is Stingray's ticker symbol?
The ticker symbol of Stingray is RAY.A on TSX.
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