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QYOU Media Inc. (QYOUF) is a company operating in India and the United States, focusing on producing and distributing content from social media stars and digital content creators. The company has recently announced executive promotions and industry awards, reflecting strong growth in 2024, particularly in the influencer marketing segment. With a robust client portfolio including major brands like Paramount, Warner Brothers, Hulu, Amazon, and more, QYOU Media USA and Chtrbox in India are witnessing remarkable success in campaigns and engagements. The company's strategic expansions, such as the launch of a Business Intelligence unit in the US and the introduction of new CTV channels like QToonz and RDC Movies in India, highlight its commitment to innovation and growth.
QYOU Media reported record Q3 FY2024 results with revenue of $7,718,514, marking a 6% YOY increase. The company achieved positive Adjusted EBITDA of $46,010, representing a 105% improvement, for the second consecutive quarter. Net loss improved by 57% compared to the previous year. The strong performance was driven by QYOU USA and Chtrbox India Influencer Marketing units. The company ended Q3 with a cash balance of $874,367 and secured a strategic minority investment from an India-based institutional investor in Chatterbox Technologies Private
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) reported record Q2 FY 2024 results, achieving positive quarterly Adjusted EBITDA for the first time in company history. Key highlights include:
1. Quarterly revenue of $8,277,457, the highest ever, driven by strong performance in QYOU USA and Chtrbox India.
2. Positive Adjusted EBITDA of $119,321, a 122% improvement year-over-year.
3. Net loss improved by 62% compared to the same period last year.
4. Cash balance of $1,010,556 as of June 30, 2024.
CEO Curt Marvis emphasized the company's focus on bottom-line performance and cash-positive results, aiming to strengthen the balance sheet and improve overall financial performance.
QYOU Media (TSXV: QYOU, OTCQB: QYOUF) has announced that CEO and Co-Founder Curt Marvis will host a live conference call and live stream on July 9, 2024, at 11:00 AM EST to discuss the company's initiatives for the second half of 2024. Shareholders are encouraged to submit questions in advance, with a live Q&A to follow. Additionally, QYOU Media will not pursue the share consolidation resolution at the upcoming annual meeting on July 19, 2024, acknowledging shareholder concerns. The company continues to operate in India and the US, producing and distributing content through various platforms and engaging over 125 million Indian households weekly. The call archive will be available on QYOU's YouTube channel and website.
QYOU Media reported its highest quarterly revenue in company history for Q1 FY 2024, totaling $8,227,089. This marks a 17% year-over-year increase, driven by strong performance in the U.S. and initial contributions from their direct-to-consumer gaming business in India.
The company's Adjusted EBITDA improved by 36%, up $276,654 compared to the same period last year. Net loss also improved by $146,854, or 10%, mainly due to increased revenue despite higher operating expenses.
QYOU Media's cash balance stood at $1,615,481 by the end of Q1 FY 2024, a significant improvement from $736,713 in the previous year. Cash used in operating activities dropped dramatically, primarily due to better collection of trade receivables.
CEO Curt Marvis highlighted the strong performance and future focus on optimizing business units to drive consistent growth.
QYOU Media (OTCQB: QYOUF) has announced multiple awards and recognitions for its influencer marketing teams in the USA and India for 2024. Significant wins include Digiday Content Marketing Awards for QYOU USA's 'Assassin's Creed Mirage' campaign, ADDYs awards for 'Scream VI', and Telly Awards for 'Mission: Impossible – Dead Reckoning Part One'. Chtrbox India also secured notable awards such as the Indian Television Digital Media Excellence Awards for the 'Disney 100' campaign. These accolades highlight QYOU's effectiveness in producing impactful influencer-driven campaigns for major global brands.
QYOU Media Inc. reports record annual revenue of $27.56 million for FY 2023, in spite of challenges from the US WGA writers and SAG actors strike and a soft global ad market. The company reduced net loss by 14% compared to the prior year. The company anticipates an all-time record revenue for Q1 2024. CEO Curt Marvis acknowledges the challenges faced and expresses confidence in the rebound and future strategies.
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