Vancouver, British Columbia--(Newsfile Corp. - January 14, 2026) - Destiny Media Technologies Inc. (TSXV: DSY) (OTCQB: DSNY), the makers of Play MPE®, a cloud-based SaaS solution for digital asset management in the music industry, today announced financial results for its fiscal 2026 first quarter ended November 30, 2025.
"The quarter marked an important inflection point as we introduced a new product, strengthened our marketing and sales efforts, and implemented targeted pricing adjustments that started to take effect late in the period. Together, these initiatives are generating significant momentum heading into the next quarter", said Fred Vandenberg, CEO. "Shortly following the quarter, we finalized a multi-year agreement with Universal Music Group that secures foundational platform activity for years to come, creating a base to drive future revenue and expand our commercial relationships."
Financial Highlights
Q1 FY2026 vs Q1 FY2025
-
Growth in total customers of 7.3%
-
Revenue of $1.2M, an increase of 1.3% (FX impact immaterial)
-
Net income of $0.08M
-
Adjusted EBITDA of $0.25M (FY25 - $0.29M) along with lower capitalization requirements
-
Cash growth of $0.24M
-
Price adjustments impacted later in the quarter
-
Implementation of Caster / Caster +
-
Cost reductions implemented later in the quarter will meaningfully impact future quarters
Fiscal 2026 First Quarter Earnings Webinar
Destiny Media Technologies will hold a live webinar on Thursday, January 15, 2026 at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss financial results for its fiscal 2026 first quarter ended November 30, 2025.
Date:Thursday, January 15, 2026 Time:2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time)
Attendees are encouraged to register prior to the scheduled time at the following: DSNY Financials or by clicking on the Webinar Registration Form .
Attendees of the webinar can submit questions voluntarily during the live presentation. Cameras will remain off for all attendees throughout the session. Microphones will also remain muted unless an attendee chooses to engage in verbal questions, similar to the format used in traditional conference calls.
The webinar format will provide the Company an opportunity to present visual information.
For those without internet access, the webinar can be accessed via the following dial in details:
Direct dial in US: +1 253 205 0468 or +1 253 215 8782 or More International numbers Webinar ID:842 5632 8336
Attendees participating via dial-in will not have access to the webinar video stream or the question and answer functions.
A recording of the webinar will be available after the event at DSNY Financials .
About Destiny Media Technologies Inc.
Destiny Media Technologies ("Destiny") provides software as service (SaaS) solutions to businesses in the music industry solving critical problems in distribution and promotion. The core service, Play MPE® , provides promotional music marketing to engaged networks of decision makers in radio, film, TV, and beyond. More information can be found on the DSNY website .
Forward-Looking Statements
This release contains forward-looking statements that reflect current views with respect to future events and operating performance. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in these forward-looking statements. Destiny Media Technologies is not obligated to update these statements in the future. For more information on the Company's risks and uncertainties relating to those forward-looking statements, please refer to the Risk Factors section in our Annual Form 10-K for the fiscal year ended August 31, 2025, which is available on www.sedarplus.ca or www.sec.gov .
Contact:
Fred Vandenberg
CEO, Destiny Media Technologies, Inc.
604 609 7736 x236
DESTINY MEDIA TECHNOLOGIES, INC.
Condensed Consolidated Statements of Comprehensive Income
(Unaudited)
For the three months ended November 30,
Notes
2025
2024
Service revenue
8
$
1,243,139
$
1,226,757
Cost of revenue
Hosting costs
73,331
46,941
Internal engineering support
14,632
13,365
Customer support
82,914
75,733
Third-party and transactions costs
10,187
20,076
181,064
156,115
Gross margin
1,062,075
1,070,642
85.4%
87.3%
Operating expenses
General and administrative
168,325
151,329
Sales and marketing
187,591
230,558
Product development
454,948
412,044
Depreciation and amortization
4,5
172,485
166,979
983,349
960,910
Income from operations
78,726
109,732
Other income
Interest and other income
4,926
8,408
Net income before income tax
$
83,652
$
118,140
Current income tax expense
-
-
Net income
$
83,652
$
118,140
Foreign currency translation adjustments
(39,193
)
(112,669
)
Total comprehensive income
$
44,459
$
5,471
Net income per common share
Basic and diluted
6(d)
$
0.01
$
0.01
Weighted average common shares outstanding:
Basic
6(d)
9,637,410
9,637,410
Diluted
6(d)
9,637,410
9,824,120
DESTINY MEDIA TECHNOLOGIES, INC.
Condensed Consolidated Balance Sheets
(Unaudited)
| Notes |
November 30, 2025 |
August 31, |
|||
| ASSETS |
* | * | |||
| Cash and cash equivalents |
3 |
$ |
1,362,500 |
$ |
1,117,889 |
| Accounts receivable, net of allowance for doubtful accounts of $82,205 |
8 |
890,085 |
863,422 |
||
| Other receivables |
21,285 |
127,698 |
|||
| Prepaid expenses |
23,419 |
38,252 |
|||
| Deposits |
31,214 |
31,581 |
|||
| Total current assets |
2,328,503 |
2,178,842 |
|||
| * | * | ||||
| Property and equipment, net |
4 |
579,392 |
752,719 |
||
| Intangible assets, net |
5 |
57,341 |
35,282 |
||
| Total assets |
$ |
2,965,236 |
$ |
2,966,843 |
|
| * | * | ||||
| LIABILITIES AND STOCKHOLDERS' EQUITY |
* | * | |||
| Current |
* | * | |||
| Accounts payable |
$ |
106,296 |
$ |
70,255 |
|
| Accrued liabilities |
360,257 |
432,959 |
|||
| Deferred revenue |
30,303 |
41,041 |
|||
| Total current liabilities |
496,856 |
544,255 |
|||
| Total liabilities |
496,856 |
544,255 |
|||
| * | * | ||||
| Stockholders' equity |
* | * | |||
| Common stock, par value $0.001, authorized 20,000,000 shares. |
6 |
9,637 |
9,637 |
||
| Additional paid-in capital |
8,852,846 |
8,851,513 |
|||
| Accumulated deficit |
(5,746,834 |
) |
(5,830,486 |
) |
|
| Accumulated other comprehensive loss |
(647,269 |
) |
(608,076 |
) |
|
| Total stockholders' equity |
2,468,380 |
2,422,588 |
|||
| Total liabilities and stockholders' equity |
$ |
2,965,236 |
$ |
2,966,843 |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280335
