DESTINY MEDIA TECHNOLOGIES (DSNY) Company Report

DSNY secured a three-year agreement with Universal, setting an annual base fee of $1.6 million for the first year, which is 5% lower than 2023 fees and includes inflation indexing for 2027 and 2028. This new structure is projected to result in a 6.5% adverse impact on 2026 revenue.
For Q1 2026, DSNY reported an overall revenue increase of 1.3% (1.6% foreign currency adjusted), driven by a 2.5% rise in independent label revenue and a 30.5% increase in MTR revenue. Independent label revenue saw a significant 15.5% increase in November.
The company achieved a 1.3% total cost reduction in Q1 2026, including an 8.2% reduction in salary and wages. Management expects a 7.7% reduction in total spending to be fully reflected in Q2, stemming from cost-saving initiatives.
Adjusted EBITDA for Q1 2026 was $252,500, and the cash balance grew by 22% to $244,500, with DSNY operating debt-free. The company is actively evaluating acquisition opportunities and considering options for returning capital to shareholders, such as dividends or share buybacks, given its cash position of approximately $0.14 per share.

Jan 15, 2026, 10:00 PM

Destiny Media Technologies Renews Universal Agreement and Reports Q1 2026 Results

DSNY

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Destiny Media Technologies (DSNY) secured a three-year agreement with Universal, its longest to date, with an initial annual base fee of $1.6 million, which is 5% lower than 2023 fees and includes inflation indexing for subsequent years. This is projected to adversely impact 2026 revenue by approximately 6.5%.
The company reported a 1.3% increase in total revenue for Q1 2026, with independent label revenue growing by 2.5% for the quarter and a notable 15.5% rise in November.
DSNY's platform modernization efforts, including the introduction of a self-serve Caster platform, resulted in a 24% increase in lead generation and a 7.3% increase in Caster customers.
Cost reduction initiatives led to a 1.3% total cost reduction in Q1 2026, including an 8.2% decrease in salary and wages, with potential for an additional 16% reduction in overall spending.
Adjusted EBITDA for Q1 2026 was $252,500, and the cash balance significantly increased by $244,500 (22%). The company holds $0.14 per share in cash and is actively exploring acquisition opportunities.

Jan 15, 2026, 10:00 PM

Destiny Media Technologies Renews Universal Agreement and Reports Independent Label Growth in Q1 2026

DSNY

Revenue Acceleration/Inflection

Guidance Update

M&A

Destiny Media Technologies renewed its Universal agreement for three years, with an annual base fee of $1.6 million for the first year, which is 5% lower than 2023 fees and includes a 2% inflation index for subsequent years. This is expected to adversely impact 2026 revenue by approximately 6.5%.
Independent label revenue increased by almost 3% in Q1 2026, with a notable 15.5% rise in November that continued strongly into December. This growth was supported by a 7.3% increase in Caster customers and strategic marketing efforts.
MTR (Music Tracking & Reporting) revenue grew by 30.5% in Q1 2026, though it still represents less than 1% of total revenue.
The company anticipates 7.7% in OpEx savings to be fully realized in Q2 2026, with further potential cost reductions of up to 16% being considered.
Destiny Media Technologies is actively exploring acquisition opportunities, particularly in Canada, and holds approximately $0.14 per share in cash.

Jan 15, 2026, 10:00 PM

Destiny Media Technologies Reports Q4 2025 Financial Results and Strategic Updates

DSNY

Earnings

New Projects/Investments

Legal Proceedings

Destiny Media Technologies (DSNY) reported a 2.3% increase in total revenue for fiscal year 2025, reaching 2.6% on a constant currency basis. This was driven by a 6.8% rise in major label revenue, while independent label revenue declined by 3.4%. Meter revenue grew by 345% but remains less than 1% of total revenue.
Operating expenses increased by 20% ($751,000), primarily due to $364,000 in software amortization and $249,000 in one-time litigation-related costs, resulting in a $375,000 decrease in adjusted EBITDA.
The company successfully modernized its platform, transitioning its largest client to the online platform in April 2023, and launched Caster and Caster Plus to enable self-service, trial accounts, and reseller partnerships, aiming for cost savings and increased sales efficiency.
DSNY resolved its litigation in October 2025, with the judgment in its favor and an expectation of a "reasonably large number" in awarded costs, which are not yet reflected in the financial statements.
DSNY maintains a strong liquidity position with a cash balance of $1.12 million and operates with no debt or material capital expenditure commitments. The board is currently evaluating strategies for growth versus returning capital to shareholders, including potential share buybacks.

Nov 24, 2025, 10:00 PM

Destiny Media Technologies Reports Q4 2025 Results, Highlights Platform Modernization and Sales Growth

DSNY

Earnings

Product Launch

Legal Proceedings

Destiny Media Technologies reported a 2.3% increase in overall revenue for fiscal year 2025, driven by a 6.8% rise in major label revenue, while independent label revenue declined 3.4%.
Adjusted EBITDA decreased by $375,000 due to a 20% increase in operating expenses, which included $249,000 in one-time litigation costs and $364,000 in software amortization.
The company successfully completed the modernization of its platform, resulting in cost savings, and launched Caster and Caster Plus to enhance self-service capabilities and expand sales channels.
Destiny Media Technologies resolved its outstanding litigation in October 2025, with the judgment in its favor and an expectation of a "reasonably large number" in awarded costs.
Sales and marketing efforts led to a 41% increase in new account sales and a 46% improvement in the conversion rate to 9.5%, alongside significant reductions in time to purchase.

Nov 24, 2025, 10:00 PM

Destiny Media Technologies Reports Q4 2025 Results with Revenue Growth and Platform Modernization

DSNY

Earnings

New Projects/Investments

Legal Proceedings

Destiny Media Technologies (DSNY) reported a 2.3% increase in overall revenue for fiscal year 2025, with major label revenue growing 6.8% and independent label revenue declining 3.4%.
Adjusted EBITDA was down by $375,000 due to a 20% increase in operating expenses, driven by $364,000 in non-cash amortization and $249,000 in one-time litigation costs.
The company successfully modernized its platform, transitioning its largest client and retiring the older system, which resulted in cost savings. They also launched Caster and Caster Plus to enable self-service sales and easier trial accounts.
DSNY resolved its litigation in October 2025, with the judgment in its favor and an award of costs expected.
Sales and marketing achievements for 2025 include a 41% increase in new account sales and a 46% increase in conversion rate, significantly reducing the time to purchase.