Stingray has signed a definitive agreement to acquire TuneIn for up to $175 million. The Montreal-based media and technology company will pay $150 million at closing, with an additional $25 million contingent on performance milestones to be evaluated 12 months later.
To fund the deal, Stingray secured a $150 million term loan under its renewed credit facility. The transaction is expected to close by the end of 2025, pending shareholder and regulatory approvals.
TuneIn currently reaches more than 75 million monthly active users across over 100,000 radio stations, podcasts, music channels, and audiobooks. The platform is distributed across more than 200 connected devices and services in over 100 countries, including more than 50 in-car audio systems.
For Stingray, this acquisition significantly expands its digital audio footprint and accelerates growth in streaming and advertising. TuneIn brings with it a mature advertising platform offering targeted audio, video, and display ads. Stingray Advertising, which already delivers digital messaging to over 33,500 retail locations, gains access to TuneIn’s scale and technology, particularly in automotive and mobile environments.
“This acquisition marks a pivotal moment in Stingray’s journey to further strengthen its position as a global leader in audio entertainment and digital advertising sales,” said Stingray CEO Eric Boyko. “We are crafting an unmatched audio ecosystem by merging Stingray’s technology and content distribution with TuneIn’s advertising expertise and partnerships.”
TuneIn will continue to operate under its existing brand after the acquisition closes. CEO Richard Stern described Stingray as the “ideal partner” for TuneIn’s next phase of growth.
This deal gives Stingray a direct consumer-facing platform, a global user base, and advanced ad monetization tools. It is a clear signal that Stingray is doubling down on streaming, automotive partnerships, and digital advertising at scale.
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