Destiny Media FY26 Q3 net loss widens to $213,327; revenue drops 8.4% to $1.04 million
DSNY•Quarterly results
Destiny Media Technologies posted a net loss of USD 213,327 for the quarter ended May 31, 2026, widening from the prior-year quarter.
Revenue fell 8.4% to USD 1.04 million, pressured by a longer-term major-label agreement that removed certain short-term pricing.
Operating loss widened to USD 224,333 as operating expenses rose 4.6% to USD 1.1 million, including a one-time employee-related charge.
Margins and nine-month performance
Gross margin slipped 1.7 percentage points to 84% on higher salaries and wages in cost of revenue tied to temporary responsibility shifts.
For the nine months ended May 31, revenue edged down 2.8% to USD 3.29 million while net loss widened to USD 695,985.
