Why Stingray Group (TSX:RAY.A) Is Up 22.5% After Strong Q2 Results and a Higher Dividend

• In November 2025, Stingray Group Inc. reported strong second quarter results, with sales rising to CA$113.26 million and net income reaching CA$11.77 million, and announced a 13.33% increase in its quarterly dividend to CA$0.085 per share, payable on December 15 to shareholders of record as of November 28.
• The combination of sharply higher earnings and a boosted dividend signals management’s confidence in operational performance and ability to enhance shareholder returns.
• We'll explore how Stingray Group’s earnings growth and dividend increase impact its long-term investment case and analyst expectations.

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Stingray Group Investment Narrative Recap

Holding Stingray shares means believing the company can keep driving growth from expansion into digital streaming, ad-supported platforms, and recurring B2B services, outpacing risks from changing media habits and streaming competition. The recent Q2 results and raised dividend reinforce management’s optimism but do not materially change the biggest near-term risk: the shift of younger audiences toward global on-demand platforms, which continues to challenge Stingray’s core revenues even as digital channels grow. Among the recent company actions, the sizable dividend increase stands out. This upward adjustment aligns with Stingray’s improving earnings and is a tangible sign of management’s confidence in cash flow, directly connecting to the shorter-term catalyst of increasing operational scale through digital content partnerships and ad-supported platforms. Yet, even amid this dividend growth, investors need to be alert to the growing risk that...

Read the full narrative on Stingray Group (it's free!)

Stingray Group's narrative projects CA$476.6 million revenue and CA$90.8 million earnings by 2028. This requires 6.6% yearly revenue growth and a CA$44.9 million earnings increase from CA$45.9 million today.

Uncover how Stingray Group's forecasts yield a CA$13.17 fair value, a 5% downside to its current price.

Exploring Other Perspectives

Community members set fair value estimates from CA$6.87 to CA$67.46, based on four distinct views. Some focus on Stingray’s pivot to FAST channels for growth, while others highlight ongoing risks to the core broadcast business.

Explore 4 other fair value estimates on Stingray Group - why the stock might be worth over 4x more than the current price!

Build Your Own Stingray Group Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Stingray Group research is our analysis highlighting 5 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Stingray Group research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Stingray Group's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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