QYOU MEDIA INC - QYOUF STOCK NEWS

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.

QYOU Media Inc. launches two new CTV channels, QToonz and RDC Movies, expanding their CTV offering to seven channels. A global distribution partnership with ZEASN increases their installed base to 85 million CTVs worldwide. The CTV business in India and globally is booming, with significant growth expected in the coming years.

QYOU Media Inc. announced a live conference call to provide a 2024 update on March 7, 2024. The call will focus on the fast-growing QYOU USA business and global initiatives.

QYOU Media Inc. announces executive promotions and industry awards reflecting strong growth in 2024. The company's US and Chtrbox (India) units are delivering record growth, with notable clients like Paramount and Warner Brothers. QYOU USA elevates three key executives and launches a new Business Intelligence department. Chtrbox wins awards at The AgencyCon Awards in India, showcasing their success in influencer marketing. The influencer marketing industry is booming, with significant growth predicted by industry reports.

QYOU Media Inc. announces that their Q GamesMela app has reached 2.5 million downloads in less than four months and is on track to hit the year one goal of 10 million downloads. The app has exceeded projections with over 100,000 daily average users in February. Q GamesMela will launch its largest promotion on Q TV channel on March 4, 2024, aiming to boost user acquisition and enhance viewer engagement.

QYOU Media Inc. announces the expansion of its gaming app, Q Games Mela, into Tier 2 & 3 and rural India through the mSeva mobile app store, developed by the Indian government as an alternative to Google Play and Apple App Store. The app has achieved significant early milestones, reaching one million downloads in six weeks, with over ten million games played monthly and one million daily ad impressions. The Indian mobile gaming market is experiencing rapid growth, with the country expected to surpass 1 billion internet users by 2025 and become the fastest growing major gaming market in Asia by 2027.