Business
Tiny Reports Q1 2026 Results and Leadership Transition
Announces leadership transition with Austin Singhera appointed as Chief Executive Officer who wil...
About this update from Tiny Ltd. Class A
[{"type":"text","content":"Tiny Reports Q1 2026 Results and Leadership TransitionAnnounces leadership transition with Austin Singhera appointed as Chief Executive Officer who will work alongside Andrew Wilkinson (Executive Chairman) and Chris Sparling (Executive Vice-Chairman)Total revenue of $51.5 million, a 7% increase (12% increase on a constant currency basis1) year-over-yearRecurring revenue1 of $17.6 million, a 80% increase year-over-yearAnnualized recurring revenue1 of $70.5 million, a 80% increase year-over-yearAdjusted EBITDA1 of $9.2 million, a 5% decrease year-over-year Received $1.1 million of distributions from Tiny Fund IVictoria, British Columbia--(Newsfile Corp. - May 13, 2026) - Tiny Ltd. (TSX: TINY) (\"Tiny\" or the \"Company\"), a holding company that acquires wonderful businesses for the long term, announced the financial results for the three months ended March 31, 2026 (\"Q1 2026\") today. Currency amounts are expressed in Canadian dollars unless otherwise noted.Q1 2026 HighlightsRevenue of $51.5 million, an increase of $3.4 million or 7% (12% on a constant currency1 basis) compared to Q1 2025.Adjusted EBITDA1 was $9.2 million compared to $9.7 million in Q1 2025, representing a 5% decrease. Net Debt to Adjusted EBITDA of 2.7x2, remaining flat compared to Q1 2025. Letterboxd surpassed 29 million registered users, representing 175% growth since acquisition, further establishing the platform as a significant presence in film culture.Serato's subscriptions continued to compound at attractive rates, reinforcing the quality of Tiny's recurring revenue base. Integration is substantially complete. Digital Services continued to build commercial momentum, broadening its work with Electronic Arts and Mozilla and adding IBM, ServiceNow, Intuit, and StockX as new clients.Contributions from WeCommerce and Creative Market had a slower start to the year, reflecting pressure on merchant activity and adjustments across partner platforms.Leadership TransitionTiny announces the appointment of Austin Singhera as Chief Executive Officer, effective immediately. The Board of Directors unanimously approved the appointment. Andrew Wilkinson and Chris Sparling, Executive Chairman and Executive Vice-Chairman, respectively, will be increasing their involvement in the Company's strategic direction, capital allocation, and technology initiatives alo...