Stingray Group Inc.

TSX:RAY Stock Report

Market Cap: CA$1.0b

Stingray Group Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Eric Boyko

Chief executive officer

CA$2.2m

Total compensation

CEO salary percentage32.00%
CEO tenure19.5yrs
CEO ownershipn/a
Management average tenure7.8yrs
Board average tenure11.3yrs

Recent management updates

Recent updates

New Narrative • Mar 05

Programmatic Audio And Connected TV Expansion Will Redefine This Media Platform’s Outlook

Catalysts About Stingray Group Stingray Group provides music, audio and video experiences across connected TVs, smart speakers, cars, mobile devices, retail locations and traditional radio. What are the underlying business or industry changes driving this perspective?
Analysis Article • Feb 18

We Think Stingray Group's (TSE:RAY) Robust Earnings Are Conservative

Stingray Group Inc. ( TSE:RAY ) just reported healthy earnings but the stock price didn't move much. Our analysis...

CEO Compensation Analysis

How has Eric Boyko's remuneration changed compared to Stingray Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-CA$29m

Dec 31 2025n/an/a

CA$44m

Sep 30 2025n/an/a

CA$52m

Jun 30 2025n/an/a

CA$46m

Mar 31 2025CA$2mCA$717k

CA$36m

Dec 31 2024n/an/a

-CA$18m

Sep 30 2024n/an/a

-CA$24m

Jun 30 2024n/an/a

-CA$21m

Mar 31 2024CA$1mCA$538k

-CA$14m

Dec 31 2023n/an/a

CA$37m

Sep 30 2023n/an/a

CA$41m

Jun 30 2023n/an/a

CA$35m

Mar 31 2023CA$1mCA$523k

CA$30m

Dec 31 2022n/an/a

CA$30m

Sep 30 2022n/an/a

CA$30m

Jun 30 2022n/an/a

CA$38m

Mar 31 2022CA$1mCA$512k

CA$33m

Dec 31 2021n/an/a

CA$41m

Sep 30 2021n/an/a

CA$42m

Jun 30 2021n/an/a

CA$42m

Mar 31 2021CA$1mCA$183k

CA$45m

Dec 31 2020n/an/a

CA$25m

Sep 30 2020n/an/a

CA$19m

Jun 30 2020n/an/a

CA$12m

Mar 31 2020CA$976kCA$488k

CA$14m

Compensation vs Market: Eric's total compensation ($USD1.58M) is about average for companies of similar size in the Canadian market ($USD1.47M).

Compensation vs Earnings: Eric's compensation has increased whilst the company is unprofitable.

CEO

Eric Boyko (56 yo)

19.5yrs
Tenure
CA$2,241,921
Compensation

Mr. Eric Boyko, CGA, C.P.A., Co-founded Stingray Group Inc. (formerly known as Stingray Digital Group Inc.) in 2007 and has been its President and Chief Executive Officer since 2010 and also serves as its...

Leadership Team

NamePositionTenureCompensationOwnership
Eric Boyko
Co-Founder19.5yrsCA$2.24mno data
Mario DuBois
Senior VP & CTO19.5yrsCA$762.61kno data
Lloyd Feldman
Senior VP11.4yrsCA$951.42kno data
Mathieu Peloquin
Senior Vice President of Marketing & Communications13.5yrsCA$762.61kno data
Jean-Pierre Trahan
Chief Financial Officer (Leave of Absence)1.2yrsCA$854.27kno data
David Purdy
Chief Revenue Officer7.9yrsCA$762.61kno data
Marie-Helene Fournier
Interim CFO1.2yrsno datano data
Rick Bergan
Head of Content Distribution - United States9.9yrsno datano data
Ryan Fuss
Senior Vice-President of Advertising Sales7.8yrsno datano data
Melanie McCool
Senior Vice President of Legal & Strategic Affairs1.8yrsno datano data
James Riley
US Division President of Stingray5.5yrsno datano data
Steve Jones
President of Stingray Radio2.5yrsno datano data
7.8yrs
Average Tenure
56yo
Average Age

Experienced Management: RAY's management team is seasoned and experienced (7.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Eric Boyko
Co-Founder19.6yrsCA$2.24mno data
Pascal Tremblay
Independent Non-Executive Director18.6yrsCA$143.31kno data
Gary Rich
Independent Non-Executive Director11.3yrsCA$138.15kno data
Ian Lurie
Non-Independent Director2.1yrsCA$84.04kno data
Robert Steele
Independent Non-Executive Director11.3yrsCA$120.29kno data
Mark Pathy
Independent Chairman11.3yrsCA$216.42kno data
Melanie Dunn
Independent Director3.9yrsCA$114.71kno data
Jean Charest
Independent Directorless than a yearno datano data
Claudine Blondin
Independent Non-Executive Director11.3yrsCA$146.14kno data
Karinne Bouchard
Independent Director5.4yrsCA$129.01kno data
11.3yrs
Average Tenure
57yo
Average Age

Experienced Board: RAY's board of directors are seasoned and experienced ( 11.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/13 07:57
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Stingray Group Inc. is covered by 8 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David McFadgenATB Cormark
Tim CaseyBMO Capital Markets Equity Research
Aravinda GalappatthigeCanaccord Genuity