Canada's Tiny Q1 revenue rises on serato acquisition

Overview

• Canada holding company reported Q1 revenue up 7% yr/yr to C$51.5 mln

• Adjusted EBITDA for Q1 fell 5% yr/yr, mainly due to divestiture and strong prior-year quarter

• Company appointed Austin Singhera as CEO, with increased executive chairman involvement

Outlook

• Tiny plans to implement AI-driven efficiency initiatives to drive margin improvement

• Company is broadening types of businesses considered for acquisition with focus on durable advantages

• Tiny remains focused on disciplined capital allocation and operational efficiencies in 2026

Result Drivers

• SERATO ACQUISITION - Revenue and recurring revenue growth were primarily driven by the contribution from Serato, acquired in May 2025

• DIVESTITURE IMPACT - Adjusted EBITDA decline was mainly due to the divestiture of We Work Remotely and a strong prior-year quarter in Digital Services

• SLOWER START AT WECOMMERCE AND CREATIVE MARKET - Contributions from WeCommerce and Creative Market were weaker, reflecting pressure on merchant activity and adjustments across partner platforms

Company press release: ID:nNFCbF7Llp

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the it services & consulting peer group is "buy"

• Wall Street's median 12-month price target for Tiny Ltd is C$10.00, about 65.8% above its May 12 closing price of C$6.03

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