- Destiny Media Technologies (OTCQB: DSNY) reported a 3.3% increase in revenue, reaching $1 million in Q2 2025 compared to Q2 2024.
- The company experienced a net loss of $0.3 million due to one-time litigation costs.
- MTRâ„¢ revenue grew 20% quarter-over-quarter.
Destiny Media Technologies Inc. (OTCQB: DSNY), the provider of the Play MPE® cloud-based SaaS solution for digital asset management in the music industry, has announced its financial results for the fiscal 2025 second quarter ended February 28, 2025. The company experienced a revenue increase of 3.3%, reaching $1 million compared to the same quarter last fiscal year.
The quarter was not without challenges, as the company reported a net loss of $0.3 million, largely due to one-time litigation costs. Adjusted EBITDA also decreased to ($0.12 million) from ($0.05 million) in the same period a year ago.
Despite the net loss, Destiny Media Technologies saw significant growth in its MTRâ„¢ revenue, which increased by 20% quarter-over-quarter. This reflects the ongoing adoption of their Play MPE platform among new clients and illustrates the company's commitment to developing a new checkout experience aimed at more effectively scaling revenue growth.
The company continues to innovate with new features in the Play MPE platform designed to accelerate network expansion through organic ecosystem growth, further solidifying its position in the market.
