Stingray Group Inc.

Good morning, ladies and gentlemen, and welcome to the Stingray Group, Inc. Q3 2025 results conference call. Note that at this time, all participant lines are in the 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 the call is recorded on Wednesday, February 5th, 2025. And I would like to turn the conference over to Marie-Hélène Fournier. Please go ahead.

Good morning, everyone, and thank you for joining us for Stingray's conference call for its third quarter, ended December 31st, 2024. Today, Eric Boyko, President and Chief Executive Officer and Co-Founder, and Jean-Pierre Crahan, Chief Financial Officer, will be presenting Stingray's operational and financial highlights. Our press release reporting Stingray's third quarter result for fiscal 2025 was issued yesterday after the market closed. Our press release, MD&E, and financial statements for the quarter are available on our investor website at Stingray.com and on CEDA+. I will now provide you with the customary caution that today's discussion of the corporation's performance and its future prospects may include forward-looking statements. Their cooperation's future operations and performance are subject to risks and uncertainties, and actual results may differ materially. These risks and uncertainties include or are not limited to the risk factors identified in Stingray's annual information form dated June 4, 2024, which is available on SEDA Plus. 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. Also, please be reminded that some of the financial measures discussed over the course of this conference call are non-IFRS. refers to Stingray's ND&E 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 third quarter results conference call. Stingray continued to exceed the expectations in the third quarter of fiscal 2025. I think it's going to be sixth quarter in a row, with a strong adjusted EBITDA of $40.2.1 million and reached unprecedented revenues of $108 million. These outstanding financial results were primarily driven by ongoing strengths in our fast channel business, in the Stingray business unit, and our SVODs. Focusing on our connected TV offering, or FAST, we've established strong partnership with major TV manufacturers like LG, Vizio, and Samsung. Notably, Samsung's latest product, Samsung TV Karaoke, powered by the Stingray Karaoke app, won the 2025 CES Innovation Award in the content and entertainment category. Samsung TV Karaoke offers a cost-effective karaoke solution by allowing users to sync into their mobile devices. The SINGRA app uses AI and vocal suppression technology to convert any song into an instrumental track, mixing the singer's voice with sound effects through the TV speakers. This award underscored our dedication to advancing entertainment technology. Our collaboration with Samsung has created a unique karaoke experience that connects people and their homes. In addition, we recently made the acquisition of Loop Heart, a small fast channel, a leading visual streaming service on smart TVs and digital signage. This is a strategic acquisition that enables Stingray to expand its presence on connected TVs and significantly enhance an offering for businesses, think about all the banks, particularly in the digital signage space. Loop Arts platform includes over 10,000 original artworks from more than 800 artists across 50 countries. Back to our third quarter results. Robust fast channels revenue contribution higher equipment and installation sales related to digital signage, and improved radio revenues, I'd say probably incredible radio revenues, were the primary drivers behind a 7.9% revenue growth year over year. These factors were partly offset by lower sales in our retail media advertising segment, driven by some of the large orders that we had last year in quarter 2024. Looking ahead, we intend to enhance the monetization of our audio retail media network which boasts more than 30,000 locations across North America by optimizing pricing and measurable data, adding sales staff and channels to improve the sell-out rate of our current inventory, maximizing the number of ads per hour for retailers and expanding our footprint. We also have created a complemented revenue stream by deploying in-store video advertising across 600 metro banners in the province of Quebec with the national deployments at Affiliates, Jean Cossu, and Brunet drugstores, planned for the upcoming year. Digital equipment installation at Metro grocery stores and related pharmacies, along with ongoing signage deployment at BMO banking locations and other banks, are expected to further boost revenue for our in-store advertising platform. Classically, retail media advertising remains a key growth vector for Stingray in 2025 and beyond. On the in-car entertainment front, we delivered incremental sales growth in the third quarter with Thing Race Karaoke, 100,000 songs, Cadillac increasingly becoming the default value-added service for connected cars on a global basis. I've got good news and bad news. I think every car in the world will have karaoke, so I think your families will be happy, but maybe not the parents. Finally, in partnership with BYD and The Singing Machine, we also announced the launch of a multi-featured microphone for the automobile manufacturer's fleet of new energy vehicles, fully compatible with our updated karaoke application. Altogether, revenue from our broadcasting and commercial music business increased 10% to $72.2 million in the third quarter of 2025, while radio revenue supported by strong digital sales and retail media rose 4% to $36 million. Finally, I'm pleased to report that we have recently secured an additional $80 million in financing from our banking syndicate to pursue growth opportunities. The refinancing consists of a $500 million revolving credit facility maturing in December 28. This new borrowing agreement provides additional liquidity for working capital and, most important, greater flexibility to explore strategic acquisitions. I will now turn the call to our friend Jean-Pierre for our financial review. Merci, JP.