Stingray Group Inc.

Good morning, ladies and gentlemen, and welcome to the Stingray Group Inc. Q2 2025 results conference call. At this time, note that all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. And if at any time during this call you require immediate assistance, please press star zero for the operator. Also note that this call is being recorded on November 6, 2024. And I would like to turn the conference over to Mathieu Pellocquet. Please go ahead.

Thank you very much. Good morning, everyone, and thank you for joining us for Stingray's conference call for its second quarter, ended September 30, 2024. Today, Eric Boyko, President, CEO, and co-founder, as well as Jean-Pierre Trin, Chief Financial Officer, will be presenting Stingray's operational and financial highlights. Our press release reporting Stingray's second quarter results for fiscal 2025 was issued yesterday after the market closed. Our press release, MD&A, and financial statements for the quarter are available on our investor website at stingray.com and on Sitter Plus. I will now provide you with the customary caution that today's discussion of the corporation's performance and its future prospect may include forward-looking statements. The corporation's future operation and performance are subject to risk and uncertainties, and actual results may differ materially. These risk and uncertainties include, but are not limited to, the risk factors identified in Stingray's Annual Information Form dated June 4, 2024, which is available on CEDR+. The corporation specifically disclaims any intention or obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable law. Accordingly, you are advised not to place undue reliance on such forward-looking statements. And please be reminded that some of the financial measures discussed over the course of this conference call are non-IFRS. Refer to Stingrays MD&A for a complete definition and reconciliation of such measures to IFRS financial measures. Finally, Let me remind you that all amounts on this call are expressed in Canadian dollars, unless otherwise indicated. With that, let me turn the call over to Eric.

Good morning, everyone, and welcome to our second quarter results conference call. We are pleased to report that the revenues for our broadcasting and commercial music business increased 22.2% to $60.9 million in the second quarter of 2015. while the EBITDA for that segment increased 25% to 25 million. Aside from those positive data points, we achieved organic growth, excluding radio, of 15.6% in the second quarter, making four consecutive reporting periods in a row, in which this segment has generated robust double-digit revenue increase year over year. This string of strong organic results in turn has an enhanced degree of predictability to our profitability, including maintaining a consolidated adjusted EBITDA margin of over 40% and the broadcast and commercial segment. The annual EBITDA run rate basis for that division now stands at 100 million. Stingrays, flash channels, and retail media segments continue to drive growth in the second quarter of fiscal 25, raising advertising revenues by 66% year over year. Our pilot project with Vizio on the fast channel side combined with increased penetration with other TV manufacturers largely contributed to the significant revenue growth. We also benefit from higher digital equipment installation revenues on new accounts across our North American in-store advertising platform and through our digital signage banking network of locations to boost revenues. On the retail media front, key customer wins at Sobeys, Shoppers Drug Mart, and Mordu within our Canadian network should deliver meaningful revenue contribution in the second half of the fiscal year and beyond. Today, our retail ad network truly covers all of Canada, allowing brands to maximize their national reach at point of sale. Moving on to in-car entertainment business, We richly launched karaoke in Ford Motor Company vehicles, beginning with all electric F-150 Lightning, Mustangs, Mackie, while further developments are expected across the Ford and Lincoln fleet. We also secured similar agreement with NIO for its smart electric vehicle across European countries and expanded our footprint at BYD with an updated version of our karaoke app. In addition, we created an all-new revenue stream within the in-car entertainment space through a partnership with Xperia TV by introducing eight new channels on video screens for backseat passengers on the BMW group vehicle. Key channels within the package include Stingray NatureScape, HolidayScape, Zen Life, Coelho Concerts, Stingray Classica, Stingray C-Music, and VJazz, as well as the Ultimate Trivia. This premium offering will be extended to our luxury car manufacturers in upcoming quarters as we position Stingray as the supplier of choice in this market. Consequently, the future looks bright for Stingray as most, if not all metrics on the management dashboard are pointing upwards. We fully intend to sustain this growth momentum based on an array of highly depreciated music, digital, and advertising solution that we provide to the global markets. I will now turn the call over to our friend, Jean-Pierre, for our financial review.