TUNEIN acquired by STINGRAY GROUP
Context
This transaction is a strategic corporate acquisition wherein Stingray enters into a definitive agreement to fully acquire TuneIn. The operation is financed through a dedicated new term loan secured under the acquirer's renewed credit facility, featuring a structured payout that includes an initial closing payment and a subsequent performance-based earn-out. The primary strategic rationale driving this consolidation is to profoundly expand Stingray's global digital audio footprint and rapidly accelerate its growth within the streaming services sector. Furthermore, by directly integrating TuneIn's comprehensive ad platform and massive active listener base, the combined entity will dramatically bolster its targeted audio, video, and display advertising offerings, creating a highly scalable global audio leader.
TUNEIN, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
TuneIn is a pioneering global provider of live audio streaming and advertising monetization solutions. It operates a massive digital platform that serves tens of millions of active listeners worldwide each month, offering comprehensive access to radio stations, podcasts, music channels, news, sports, and audiobooks. The enterprise boasts robust strategic partnerships with major device manufacturers, automotive companies, and diverse content providers, ensuring its content is seamlessly distributed across hundreds of platforms and in-car audio systems globally. By leveraging its vast, highly engaged audience and advanced targeted advertising capabilities, the firm has established itself as a premier, scalable asset within the rapidly expanding digital audio ecosystem.
Ent. Value
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Multiples
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EV / EBITDA
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Historical Financials (USD)
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REFERENCES
Valuation range: EV 100M - 350M USD
Revenue range: 100M - 200M USD
EBITDA range: 25M - 50M USD
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).