At what enterprise value was TUNEIN acquired in 2025?

During the acquisition of TUNEIN by STINGRAY GROUP in 2025, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M USD.

What was the EV/EBITDA of TUNEIN when it was acquired by STINGRAY GROUP?

The estimated EV/EBITDA multiple for TUNEIN is in the range of 5x - 12x.

When was TUNEIN acquired by STINGRAY GROUP?

TUNEIN was acquired by STINGRAY GROUP in 2025.

What was the revenue of TUNEIN at the time of the deal?

The revenue of TUNEIN at the time of the deal is estimated to be in the range of 100M - 200M USD.

What was the EBITDA of TUNEIN during the acquisition?

TUNEIN's EBITDA is estimated to be in the range of 25M - 50M USD.

How is the data for the TUNEIN acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the TUNEIN deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://corporate.stingray.com/acquisitions/stingray-acquires-tunein/

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Home Database TMT (Tech, Media, Telecom)TUNEIN

11/2025

TUNEIN acquired by STINGRAY GROUP

UNITED STATES Media & Internet / Content & Publishing / Digital Marketing, SEO, SEA, Data Analytics EV 100M - 350M USD

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 in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the TMT (Tech, Media, Telecom) sector (15.3x).

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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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2025

2024

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11/2024	INFLEXION	FINANZEN.NET	GERMANY	Content & Publishing
10/2024	LVMH	PARIS MATCH	FRANCE	Content & Publishing
06/2024	TREVISE PARTICIPATIONS / HIVEST CAPITAL PARTNERS	VIDELIO	FRANCE	Audiovisual Production
06/2024	CINVEN	IDEALISTA	SPAIN	E-commerce & Marketplaces

REFERENCES

Valuation range: EV 100M - 350M USD

Revenue range: 100M - 200M USD

EBITDA range: 25M - 50M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TUNEIN by STINGRAY GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.