Destiny Media Technologies Inc. Announces Fiscal 2026 First Quarter Results

Vancouver, British Columbia--(Newsfile Corp. - January 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 first quarter ended November 30, 2025. "The quarter marked an important inflection point as we introduced a new product, strengthened our marketing and sales efforts, and implemented targeted pricing adjustments that started to take effect late in the period. Together, these initiatives are generating significant momentum heading into the next quarter", said Fred Vandenberg, CEO. "Shortly following the quarter, we finalized a multi-year agreement with Universal Music Group that secures foundational platform activity for years to come, creating a base to drive future revenue and expand our commercial relationships." Financial Highlights Q1 FY2026 vs Q1 FY2025 Growth in total customers of 7.3% Revenue of $1.2M, an increase of 1.3% (FX impact immaterial) Net income of $0.08M Adjusted EBITDA of $0.25M (FY25 - $0.29M) along with lower capitalization requirements Cash growth of $0.24M Price adjustments impacted later in the quarter Implementation of Caster / Caster + Cost reductions implemented later in the quarter will meaningfully impact future quarters Fiscal 2026 First Quarter Earnings Webinar Destiny Media Technologies will hold a live webinar on Thursday, January 15, 2026 at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss financial results for its fiscal 2026 first quarter ended November 30, 2025. Date: Thursday, January 15, 2026 Time: 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) 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: +1 253 205 0468 or +1 253 215 8782 or More International numbers Webinar ID: 842 5632 8336 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. Condensed Consolidated Statements of Comprehensive Income (Unaudited) For the three months ended November 30,   Notes   2025 2024   Service revenue 8   $ 1,243,139 $ 1,226,757       Cost of revenue           Hosting costs   73,331 46,941     Internal engineering support   14,632 13,365     Customer support   82,914 75,733     Third-party and transactions costs   10,187 20,076   181,064 156,115 Gross margin   1,062,075 1,070,642   85.4% 87.3% Operating expenses           General and administrative   168,325 151,329     Sales and marketing   187,591 230,558     Product development   454,948 412,044     Depreciation and amortization 4,5   172,485 166,979   983,349 960,910 Income from operations   78,726 109,732       Other income           Interest and other income   4,926 8,408 Net income before income tax   $ 83,652 $ 118,140     Current income tax expense   - - Net income   $ 83,652 $ 118,140     Foreign currency translation adjustments   (39,193 ) (112,669 ) Total comprehensive income   $ 44,459 $ 5,471       Net income per common share           Basic and diluted 6(d)   $ 0.01 $ 0.01       Weighted average common shares outstanding:           Basic 6(d)   9,637,410 9,637,410     Diluted 6(d)   9,637,410 9,824,120   DESTINY MEDIA TECHNOLOGIES, INC. Condensed Consolidated Balance Sheets (Unaudited) Notes November 30, 2025 August 31, 2025 ASSETS     Cash and cash equivalents 3 $ 1,362,500 $ 1,117,889 Accounts receivable, net of allowance for doubtful accounts of $82,205 (August 31, 2025 - $82,184) 8 890,085 863,422 Other receivables 21,285 127,698 Prepaid expenses 23,419 38,252 Deposits 31,214 31,581 Total current assets 2,328,503 2,178,842     Property and equipment, net 4 579,392 752,719 Intangible assets, net 5 57,341 35,282 Total assets $ 2,965,236 $ 2,966,843     LIABILITIES AND STOCKHOLDERS' EQUITY     Current     Accounts payable $ 106,296 $ 70,255 Accrued liabilities 360,257 432,959 Deferred revenue 30,303 41,041 Total current liabilities 496,856 544,255 Total liabilities 496,856 544,255     Stockholders' equity     Common stock, par value $0.001, authorized 20,000,000 shares. Issued and outstanding - 9,637,410 shares (August 31, 2025 - 9,637,410 shares) 6 9,637 9,637 Additional paid-in capital 8,852,846 8,851,513 Accumulated deficit (5,746,834 ) (5,830,486 ) Accumulated other comprehensive loss (647,269 ) (608,076 ) Total stockholders' equity 2,468,380 2,422,588 Total liabilities and stockholders' equity $ 2,965,236 $ 2,966,843   To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280335