Stingray Q1 2023 Financial Results

FINANCIAL RESULTS Strategic Revenues Increase Leading to Continued Growth Perspective "STRATEGIC GROWTH" VS. CASH FLOW REVENUES Strategic growth revenues in % of total revenues back to pre-radio acquisition level 56% 61% 61% 58% 56% 69% REVENUES PER DIVISION $306.7 $296.5 $282.6 $247.9 $212.7 $152.3 $126.3 $123.5 $97.8 $65.9 $130.2 44% 42% 44% 39% 39% $146.7 $154.5 $150.0 $159.1 $170.2 $130.2 31% FY18 FY19 (Radio - 5 months) FY20 FY21 (Covid-19) FY22 LTM FY18 (Covid-19) FY19 (Radio -5 months) FY20 FY21 (Covid-19) FY22 (Covid-19) LTM All in CAD$ millions I Stategic growth revenues (1) Cash flow revenues (CPS, Radio) Consumers & Businesses revenues Radio revenues Note 1: "Strategic Growth" revenues include digital streaming & apps, FAST channels, Stingray Advertising, Chatter by Stingray, other digital sales & commercial revenues. STINGRAY 19

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