Vancouver, BC – November 28, 2023 – 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 year ended August 31, 2023.

“We are immensely proud of the strides we’ve made under the leadership of Ro Fernandez (Director of Product Management) and Sergei Berenson (Director of Engineering).  This year we beta launched a brand new technology which we call “MTR™” or “Meter”. MTR is a brand new service designed to meet the needs of record labels and artists and is a complementary new business to the Company’s core Play MPE® platform,” said Fred Vandenberg, President and CEO. “As well, we have made significant progress on aspects in the Play MPE® platform that should accelerate revenue growth and target market acquisition.”

Fiscal 2023 Financial Highlights

(all figures are USD, and comparisons are to 2022):

  • Currency adjusted Play MPE® revenue up 1.9%
  • Capital investments in new software capabilities of $0.7M
  • 6.1% growth in revenue in the second half of the fiscal year
  • Net income up 125% 

Fiscal 2023 Operational Highlights

  • Strategic New Product Launch: Following two years of research and development, the Company beta launched a highly anticipated new digital tracking tool in Q4.  Under trademark application, MTR™ (“Music Tracking Radar” or “Meter”) is initially expected to fill an existing need of Play MPE® customers, but will be marketed broadly.
  • New Product Development leadership: Rocio Fernandez appointed Director of Product Development near the end of Q2 2023. 
  • Customer Satisfaction:  NPS scores for Caster grew from a “great” score of 62 to an “excellent” score of 74, while CSAT score remained excellent at 98.7%. 

During the year, under a normal course issuer bid, the Company repurchased 25,651 shares for a total cost of $0.03 million. 

Fiscal Year 2023 Earnings Webinar

Destiny Media Technologies will hold a live webinar on Tuesday, November 28, 2023 at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss financial results for its fiscal year ended August 31, 2023. The live webinar will include comments from President, Chief Executive Officer, Fred Vandenberg, and Director of Business Development and Marketing, Allan Benedict.

Date: Tuesday, November 28, 2023

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: or by clicking on the Webinar Registration Form.

Attendees viewing the webinar can voluntarily submit questions during the live presentation. Attendee cameras will remain off throughout the presentation.  Attendees’ microphones will remain off unless the attendee voluntarily selects to engage in verbal questions similar to the format available on traditional conference call format. 

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: +1 312 626 6799 or +1 253 215 8782

Webinar ID: 828 0170 1130

Attendees participating via dial in will not have access the webinar video stream and will not have access to question and answer functions.

A recording of the webinar will be available after the event on

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 at

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, 2023, which is available on or   



Fred Vandenberg
CEO, Destiny Media Technologies, Inc.
604 609 7736 x236