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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 Inc. reported impressive Q3 2022 results, achieving a record revenue of $7.24 million, marking a 53% year-over-year growth. The company's annual revenue for FY 2022 surged by 156%. Adjusted EBITDA improved by 42%, while the net loss decreased to $2.11 million, demonstrating a strong performance despite increased operating expenses from launching new channels. The cash balance stood at $3.08 million.
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) will host a conference call on November 29, 2022, at 4:30 p.m. ET to discuss third-quarter financial results for the period ending September 30, 2022. The call will include a Q&A session following management's remarks.
The company creates and distributes content from social media influencers and operates in India and the U.S. With five content destinations in India catering to over 125 million households, QYOU continues to expand its reach among millennial and Gen Z audiences worldwide.
QYOU Media Inc. (TSXV:QYOU)(OTCQB:QYOUF) is set to feature on The RedChip Money Report airing on Bloomberg TV, November 19 at 7 p.m. ET, reaching approximately 73 million homes. CEO Curt Marvis will elaborate on the company's impressive 2400%+ year-over-year revenue growth for Q1 and its strategy to engage the influencer economy, particularly in India. QYOU Media specializes in producing and distributing content through social media influencers, reaching a vast audience across various platforms.
QYOU Media Inc. (OTCQB: QYOUF) has announced a public offering of up to 25,600,000 units, aiming to raise up to $3.2 million. This capital will fund corporate growth initiatives, including the recent acquisition of Maxamtech Digital Ventures and the launch of the QPLAY app. QYOU reports a strong trajectory for Q4 2022, projecting record revenues from its five channels in India and an expanding US customer base. CEO Curt Marvis emphasizes a conservative growth approach, focusing on reaching cash flow positive operations in 2023.
On November 1, 2022, QYOU Media Inc. (OTCQB: QYOUF) will host a live conference call focusing on its mobile gaming initiatives through Maxamtech Digital Ventures. CEO Curt Marvis and the management team will discuss recent developments in their gaming business and key growth initiatives in India. The call, scheduled for 11:30 AM EST, will also feature a live Q&A session. QYOU Media operates in India and the U.S., focusing on content distribution created by social media influencers, reaching over 125 million households in India alone.
QYOU Media Inc. has announced its plan to acquire a majority stake in Maxamtech Digital Ventures, a mobile gaming company based in India, known for its Gaming 360 platform. This acquisition aligns with QYOU's strategy to enhance its direct-to-consumer portfolio, especially in the booming Indian mobile gaming market, projected to exceed $5 billion in revenue by 2025. The deal is expected to close by the end of 2022, pending customary conditions. Both companies aim to leverage their strengths to capture a larger share of the rapidly growing gaming sector, aided by an increasing number of online gamers in India.
QYOU Media Inc. (OTCQB: QYOUF) has entered a co-marketing agreement with InPlay Cricket and CricketNews.com during the Men's T20 World Cup from October 16 to November 13, 2022. This partnership will see QPLAY promoted on InPlay Cricket's app and CricketNews.com, while both platforms will be featured on QPLAY's channels, especially QGameX. Revenue generated from this collaboration will be shared on an affiliate basis. The move aims to capitalize on cricket's immense popularity in India to enhance downloads, traffic, and revenue for QPLAY.
QYOU Media has launched Q PLAY, a free app that aggregates all five of its Q India channels, designed for smooth download and use on smart TVs and mobile devices. This initial foray into India's burgeoning direct-to-consumer market, projected to be worth $100 billion by 2025, aims to deepen relationships with over 125 million weekly viewers. Q PLAY is ad-supported, requiring no user registration, and leverages existing advertiser relationships for targeted monetization.
QYOU Media has launched its first integrated multi-platform property, Q Marathi Youth-Full Mahakarandak, in India, marking a significant step in the regional entertainment sector. This initiative, backed by sponsor Reckitt Benckiser, is a unique talent hunt for Ekankika across five cities in Maharashtra, engaging over 100 colleges. The Q Marathi channel seeks to redefine Marathi General Entertainment by featuring content from local creators and targeting families and Gen Z. The program is expected to boost local engagement and attract advertisers looking to connect with the youth.
QYOU Media Inc. reported record revenue of $6.88 million for Q2 2022, reflecting a remarkable 163% year-over-year growth. The company's adjusted EBITDA loss improved by 33% to $1.35 million, driven by increased revenue despite higher operating expenses. However, net loss rose by 7% to $3.3 million. Cash reserves stood at $4.18 million at the end of the quarter. The CEO expressed optimism about future growth as new channels gain traction.
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