Stingray Group Inc. (STGYF) Research

Stingray Group Inc. stands as a global player in the music, media, and technology industries. The company delivers a rich array of services, including Stingray Music, a multiplatform offering that grants users free entry to carefully curated music channels across television, web browsers, and mobile applications. It also provides several channels in stunning 4K resolution: Stingray Naturescape, a scenic channel; Stingray Now 4K, featuring a hand-picked selection of 4K content; and Stingray Festival 4K, which broadcasts exclusively in native 4K with immersive Dolby Digital audio. Further expanding its digital footprint, Stingray offers Stingray Qello, an over-the-top streaming service accessible on TV, mobile devices, and the internet. Its specialized television channels include Stingray Classica, dedicated to classical arts such as opera, ballet, concerts, and documentaries; Stingray iConcerts, a prime destination for various live musical performances; and Stingray DJAZZ, a channel exclusively featuring jazz and its diverse sub-genres, from soul, blues, and funk to hip-hop, fusion, reggae, Latin, swing, and bebop. Moreover, Stingray provides a comprehensive suite of karaoke services, encompassing titles like The Voice, Yokee Piano, Yokee Karaoke, Yokee Guitar, Piano Academy, The Piano Keyboard, Stingray Kids' Karaoke, and Yokee Music. Additionally, Stingray Karaoke is available as both a video-on-demand option and a dedicated TV application. The company's portfolio also features numerous music video television channels, such as Stingray Country, Stingray cmusic, PalmarèsADISQ par Stingray, Stingray Hits!, Stingray Vibe, Stingray Loud, Stingray Retro, Stingray LiteTV, and Stingray Juicebox. Beyond these, Stingray manages approximately 100 radio stations across Canada and offers a range of advertising solutions. Stingray's diverse products and services are distributed through a wide range of platforms, including digital cable TV, satellite TV, IPTV, OTT, the internet, mobile devices, gaming consoles, and connected cars. Its customer base is broad, spanning cable and telecommunication companies, retailers, small and medium-sized businesses, as well as direct consumers. Founded in 2007 in Montreal, Canada, the company was initially known as Stingray Digital Group Inc. before adopting its current name, Stingray Group Inc., in December 2018.

Market snapshot

Symbol
STGYF
Price
$12.39
Day change
+15.26%
Market cap
$1.0B
P/E ratio
24.13x
52-week range
5.85-12.39
Sector
Communication Services
Industry
Broadcasting

Peer companies

  • Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien (BORUF)
  • Cogeco Inc. (CGECF)
  • MEDIA DO Co., Ltd. (MDDCF)
  • Next 15 Group plc (NXFNF)
  • Pico Far East Holdings Limited (PCOFF)
  • Septeni Holdings Co., Ltd. (SPIDY)
  • Storytel AB (publ) (STRYF)
  • Telecom Argentina S.A. (TCMFF)

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