Destiny Media Technologies Inc. Announces Fiscal 2025 Year End Results

Rhea-AI Summary

Destiny Media Technologies (TSXV: DSY; OTCQB: DSNY) reported fiscal year ended August 31, 2025 results highlighting completion of a multi-year technology modernization and modest revenue growth. Key points include revenue +2.3% (2.6% currency-adjusted), a net loss of $0.6M, and Adjusted EBITDA of $0.20M (2024: $0.57M) impacted by $0.25M in legal expenses.

Material product milestones: migration of the largest customer, launch of MTR™ (Q4 2024), full replacement of legacy list management (April 2025), and rollout of self-service/checkout (Q4 2025). The company will host a fiscal 2025 earnings webinar on Nov 24, 2025 at 2:00 PM PT.

Positive

• Revenue growth of 2.3% (2.6% currency-adjusted)
• Completed migration of largest enterprise customer (started Apr 2023)
• Legacy list management rebuilt and replaced in April 2025
• Launched MTR™ platform (Q4 2024) with early adoption
• Introduced full self-signup and checkout in Q4 2025

Negative

• Net loss of $0.6M for fiscal 2025
• Adjusted EBITDA declined to $0.20M from $0.57M in 2024
• Legal expenses of $0.25M reduced adjusted results

Vancouver, British Columbia--(Newsfile Corp. - November 24, 2025) - 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, 2025.

"Fiscal 2025 saw the completion of a multi-year effort to modernize our technology stack," said Fred Vandenberg, Chief Executive Officer. "This transition was essential to support scalability and ensure long-term product competitiveness. With the completion of these milestones, the Company can focus on maximizing profitability and revenue growth."

Fiscal 2025 Year Highlights

• Launch of Caster and Caster +, enabling customers to sign-up, self-serve functionality and online checkout
• Sunset of legacy list management software, completing the transition away from the old PC based platform
• Revenue growth of 2.3% (2.6% currency-adjusted)
• Net loss of $0.6M, driven primarily by higher amortization of capitalized development investments.
• Adjusted EBITDA (non-GAAP) of $0.20M (2024 - $0.57M), impacted by $0.25M in legal expenses. The Company received a favorable ruling, including an award of costs not yet reflected in the current financial statements.

Technology Modernization Milestones

Migration of Our Largest Customer:

The Company's first milestone was the previously outlined migration of its largest enterprise customer onto the new platform. This customer's migration started in April 2023. This initiative represented the most complex technical component of the transition. Its completion materially reduced technical debt and ongoing support requirements.

Launch of MTR™ (Q4 2024):

In late 2024, the Company launched a new technology, MTR™, a new platform targeting the large and growing radio airplay tracking market. While revenues remain modest, MTR has validated demand within its early target market, established some early adoption, and created a customer foundation.

Competitive solutions have emerged in this space, and the Company is focused on increasing market share. Importantly, the combination and insights between the MTR™ and Play MPE® platforms is unique in the market. MTR™ enables cross marketing opportunities, provides data-driven insights that enhance Play MPE®'s value proposition and provides opportunities to compare promotional campaign metrics and airplay outcomes. The Company is evaluating several initiatives to capitalize on its current penetration and expand into broader markets.

List Management Sunset (Q3 2025):

The Company's legacy list management module-responsible for the vast majority of Play MPE's revenue-has been fully rebuilt and replaced the legacy environment in April 2025. This milestone represents the final phase of retiring the old PC-based environment and consolidating all core revenue generating workflows onto the modern platform.

List management remains a core differentiator for Play MPE®, enabling the precise connection management required by record labels globally. With the new system, the Company can scale its product offering more efficiently while reducing operating costs.

Self-Service and Checkout Enhancements (Q4 2025):

In 2025, the Company introduced full self-signup and checkout capabilities, bringing true self-service to the platform for the first time. These enhancements reduce onboarding friction, streamline customer adoption, and position the Company for more scalable, lower-touch growth.

With the modernization program complete, the Company can focus on sales and marketing execution, supported by significantly lower platform development costs. Play MPE® remains the largest and most globally adopted platform of its kind, offering major international labels meaningful cost efficiencies in their promotional workflows, while providing smaller labels, artists, and promoters an unprecedented opportunity to achieve comparable promotional reach and effectiveness.

Fiscal 2025 Year Earnings Webinar

Destiny Media Technologies will hold a live webinar on Monday, November 24, 2025 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, 2025.

Date: Monday, November 24, 2025
Time: 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time)

Presenting on the call will be Fred Vandenberg, Chief Executive Officer; Assel Mendesh, Chief Financial Officer; and Jennifer Rainnie, Music Industry Relations, Strategic Accounts Manager.

Attendees are encouraged to register prior to the scheduled time at the following: DSNY Financials or by clicking on the Webinar Registration Form.

Attendees of the webinar can submit questions voluntarily during the live presentation. Cameras will remain off for all attendees throughout the session. Microphones will also remain muted unless an attendee chooses to engage in verbal questions, similar to the format used in traditional conference calls.

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 US: +1 31 262 66799 or +1 346 248 7799 or More International numbers
Webinar ID: 846 9853 9403

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

A recording of the webinar will be available after the event at DSNY Financials.

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.sedarplus.ca or www.sec.gov.

Contact:

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

DESTINY MEDIA TECHNOLOGIES, INC.
Consolidated Statements of Comprehensive Income (Loss)

			For the years ended August 31,
			2025			2024
Service revenue		$	4,524,448		$	4,420,768
Cost of revenue
Hosting costs			203,068			148,949
Internal engineering support			62,020			57,644
Customer support			351,448			326,647
Third-party and transactions costs			70,017			77,287
			686,553			610,527
Gross margin			3,837,895			3,810,241
			84.8%			86.2%
Operating expenses
General and administrative			988,642			697,996
Sales and marketing			910,101			1,063,476
Product development			1,768,604			1,518,411
Depreciation and amortization			833,614			469,801
			4,500,961			3,749,684
Income (loss) from operations			(663,066	)		60,557
Other income
Interest and other income			25,189			51,201
Net income (loss) before income tax			(637,877	)		111,758
Current income tax expense			-			-
Net income (loss)		$	(637,877	)	$	111,758
Foreign currency translation adjustments			(136,239	)		3,364
Total comprehensive income (loss)		$	(774,558	)	$	115,122
Net income (loss) per common share
Basic and diluted		$	(0.07	)	$	0.01
Weighted average common shares outstanding:
Basic and Diluted			9,637,410			10,030,569

 

DESTINY MEDIA TECHNOLOGIES, INC.
Consolidated Balance Sheets

			August 31, 2025			August 31, 2024
ASSETS
Cash and cash equivalents		$	1,117,889		$	1,481,582
Accounts receivable, net of allowance for doubtful accounts of $82,184 (2024 - $30,624)			863,422			681,146
Other receivables			127,698			82,585
Prepaid expenses			38,252			87,345
Deposits			31,581			32,347
Total current assets			2,178,842			2,365,005
Property and equipment, net			752,719			1,174,370
Intangible assets, net			35,282			148,977
Total assets		$	2,966,843		$	3,688,352
LIABILITIES AND STOCKHOLDERS' EQUITY
Current
Accounts payable		$	70,255		$	151,734
Accrued liabilities			432,959			328,801
Deferred revenue			41,041			42,399
Total current liabilities			544,255			522,934
Total liabilities			544,255			522,934
Commitments and contingencies			-			-
Stockholders' equity
Common stock, par value $0.001, authorized 20,000,000 shares. Issued and outstanding - 9,637,410 shares (2024 - 9,637,410 shares)			9,637			9,637
Additional paid-in capital			8,851,513			8,819,785
Accumulated deficit			(5,830,486	)		(5,192,609	)
Accumulated other comprehensive loss			(608,076	)		(471,395	)
Total stockholders' equity			2,422,588			3,165,418
Total liabilities and stockholders' equity		$	2,966,843		$	3,688,352

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275609

FAQ

What were Destiny Media (DSNY) fiscal 2025 revenue and EPS highlights?

Revenue grew 2.3% (2.6% currency-adjusted); the company reported a $0.6M net loss for fiscal 2025.

How did the technology modernization affect Destiny Media (DSNY) operations in 2025?

Modernization completed major milestones: largest customer migration, list management replacement (Apr 2025), and self-service rollout (Q4 2025), reducing technical debt.

What is MTR™ and when did Destiny Media (DSNY) launch it?

MTR™ is a radio airplay tracking platform launched in Q4 2024 with early market adoption and cross-selling potential to Play MPE.

How did legal costs affect Destiny Media (DSNY) adjusted results in fiscal 2025?

Legal expenses of $0.25M materially reduced Adjusted EBITDA to $0.20M in fiscal 2025.

When is Destiny Media (DSNY) hosting its fiscal 2025 earnings webinar?

The live webinar is on November 24, 2025 at 2:00 PM PT (5:00 PM ET); a recording will be available afterward.