Stingray Reports Third Quarter 2022 Results
Retrieved on:
Tuesday, February 8, 2022
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During the third quarter of 2022, Broadcasting and Commercial Music revenues grew by 2.3% to $41.1 million mostly due to higher advertising revenues.
Key Points:
- During the third quarter of 2022, Broadcasting and Commercial Music revenues grew by 2.3% to $41.1 million mostly due to higher advertising revenues.
- For the third quarter of 2022, revenues in Canada grew $2.0 million, or 4.2%, to $49.4 million from $47.4million for Q3 2021.
- Adjusted free cash flow(4) generated in Q3 2022 reached $14.7 million in Q3 2022 compared to $19.6 million for Q3 2021.
- The dividend will be payable on or around March 15, 2022, to shareholders on record as of February 28, 2022.