Stingray Group Inc.’s top executive says the company is looking to capitalize on the growth of in-store advertising at retail locations.
of the company’s latest earnings, reporting profit hit $14.1 million in the first quarter of the fiscal year, up from 9.4 million a year earlier. The company said the increase was due partly to a “one-time settlement gain” resulting from a trademark dispute.
“The retail advertising market is growing from $16 billion to $26 billion in 2025. So every big retailer, [like] Loblaw’s Media [and] Walmart Media, they’re getting involved. You're going to see a lot more ads in the store while you shop,” said Boyko, co-founder and chief executive officer of Stingray Group.
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