Vancouver, BC – April 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 second quarter ended February 28, 2026.
“Since assuming the role of Interim-CEO and spending more time with the team and customers, I am even more impressed with the talent of the team and the strength of our customer value proposition. We continue to make progress in diversifying our customer base, with growth in independent customers helping to balance changes in activity from larger customers,” said Hyonmyong Cho, Chairman and Interim CEO. “The Board and I continue to advance the search process for a permanent CEO. In the meantime, the senior leadership team is focused on strengthening our business development and marketing efforts to support customer acquisition, increase engagement, and drive more scalable growth.”
Financial Highlights
Q2 FY2026 vs Q2 FY2025
- Growth in total customers of 5.0%
- Revenue of $1.0 million, a decrease of 1.6%
- GAAP Net loss per share of $0.06, versus a loss of $0.03 in the comparable period a year ago
- Adjusted EBITDA loss of $403,000, versus $117,000 in the comparable period a year ago. Q2 FY2026 included a one-time severance cost of $244,000.
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.sedar.com or www.sec.gov.
Non-GAAP Financial Measures
Adjusted EBITDA is not defined under U.S. GAAP and may not be comparable to similarly titled measures reported by other companies. We use Adjusted EBITDA, together with other GAAP measures, as a measure of our operating performance because it helps us compare our performance on a consistent basis by removing from our results the impact of our capital structure, the effect of operating in different tax jurisdictions, and the impact of our asset base, which can vary depending on the book value of assets, the accounting methods used to compute depreciation and amortization, the existence or timing of asset impairments, and non-cash stock-based compensation expense.
We believe Adjusted EBITDA is useful to investors because it is a widely used measure of performance and because the adjustments we make provide additional clarity regarding our operating results and underlying profitability.
Adjusted EBITDA has limitations as a measure of profitability, as it does not include the effects of interest, income taxes, capital expenditures, depreciation and amortization, asset impairments, or non-cash stock-based compensation expense. Accordingly, it should not be considered in isolation or as a substitute for net income (loss) or other financial measures prepared in accordance with U.S. GAAP.
A reconciliation of net loss, the most directly comparable GAAP measure, to Adjusted EBITDA is included below.
Contact:
Hyonmyong Cho
Chairman, Interim CEO, Destiny Media Technologies, Inc.
604 609 7736
