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Stock impact report

Dashboard divas: Stingray focuses on car karaoke as part of growth strategy [BNN Bloomberg (Canada)]

Algorhythm Holdings, Inc. (RIME) 
Company Research Source: BNN Bloomberg
The Montreal-based company is deploying several strategies to expand its global digital footprint. It includes capitalizing on karaoke in your car as a main vehicle for expansion. “Twelve companies in the world offer karaoke,” Eric Boyko, president and co-founder of Stingray told BNN Bloomberg in a Wednesday interview. “Tesla, BYD, Ford, GM, Toyota; people think about karaoke in the car. It's very popular.” The company released their second quarter financial report highlighting a 16.7 per cent growth in organic traffic year-over-year in broadcast and recurring commercial music revenues. Revenues also grew 21.0 per cent to $113.3 million in the second quarter of 2026 from $93.6 million in the second quarter of 2025. Tesla's “Caraoke” feature enables drivers to sing along to songs with microphones, lyrics and main vocals adjustable on the car's touchscreen. BYD offers an in-car karaoke featured, powered by the Stingray Karaoke app, can be accessed through the vehicle's infotainme Show less Read more
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