<a href="https://laohu8.com/S/DXYZ">Destiny</a> <a href="https://laohu8.com/S/MDTC">Media Technologies Inc.</a> reports 2.3% revenue increase for fiscal 2025
Destiny Media Technologies Inc. reported a decrease in sales and marketing expenses for the fiscal year ended August 31, 2025. Wages and benefits declined by 15.1% to $761,387 from $896,871 in the previous year. Advertising and marketing expenses decreased by 2.5% to $123,110, while rent expenses dropped by 29.6% to $24,336. Telecommunications expenses also declined by 77.9% to $1,268. The company's revenue continues to be generated primarily from digital media distribution services, billed based on usage or fixed fees. During the period, Destiny Media Technologies concluded litigation on October 24, 2025, with all claims dismissed and the company awarded costs, though no accruals for cost recovery have been recorded as of the reporting date. The increase in wages and benefits was mainly due to a one-time recruitment fee, and the company experienced foreign exchange loss driven by Canadian dollar fluctuations.
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