1st Quarter 2024 Business and Subsequent Highlights

BUSINESS CONSUMERS - RADIO Stingray Radio - A Leading Radio Operator in Canada • • • • • Stingray Radio stations join Canada's #1 digital music player for advertisers, iHeartRadio Canada Performing better than its Canadian peers: revenues are down 0.6% compared to last year. Large clients continue to wait on the sidelines amid recessionary fears Sectors such as government, general retail, travel & tourism, and casual dining increased from the prior year Local airtime is up 3% and digital revenue growth is up 2% for the quarter compared to the prior year Radio continue to provide strong cash flow to Stingray fueling its strategic initiatives STINGRAY 15

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