Qyou Media - QYOUF STOCK NEWS

QYOU Media Inc. reported record-breaking revenues of $5,234,680 for Q1 2022, marking a 2410% year-over-year increase, the highest quarterly revenue in company history. For Q2 2022, the company anticipates further growth, projecting all-time quarterly record revenues. Although the adjusted EBITDA loss improved by 60% to $662,270, the net loss for the quarter was $2,308,200, down 10% year-over-year. The company ended Q1 with a cash balance of $5,082,637. CEO Curt Marvis expressed optimism for ongoing growth throughout 2022.

QYOU Media Inc. reported its final audited financial results for the quarter and six months ending December 31, 2021, achieving a record-breaking quarterly revenue of $5,585,641, marking a 477% year-over-year increase. This is the company's first-ever positive adjusted EBITDA for its business units in India and USA. However, the company reported a net loss of $2,427,210, primarily due to increased non-cash items and share-based compensation. Cash balance improved to $6,548,890 compared to $710,394 a year prior.

QYOU Media Inc. (OTCQB: QYOUF) announced the launch of its channels—including The Q India, Q Marathi, Q Kahaniyan, and Q Comedistaan—on 63 new Android TV systems in partnership with CloudTV. The Q India is already available in over 125 million TV households in India. This expansion leverages CloudTV's technology, enhancing the viewing experience and ad monetization via major ad networks. With Smart TVs holding an 84% market share in India as of 2021, QYOU Media aims to strengthen its position in the rapidly growing digital entertainment sector.

QYOU Media Inc. (TSXV: QYOU, OTCQB: QYOUF) will host a live conference call on April 28, 2022, at 9:30 AM EST, from its Mumbai headquarters. CEO Curt Marvis and the management team will discuss growth initiatives in India for 2022, followed by a Q&A session. The conference aims to highlight QYOU's strategy and developments in the Indian market, where it produces and distributes content via various platforms, including its flagship brand, The Q. Interested participants can join via Zoom or phone.

QYOU Media Inc. has announced a record-setting achievement for its Hindi channel, The Q India, reaching 54 Gross Ratings Points (GRP). This milestone coincides with a growing audience of 113 million viewers who spend an average of 89 minutes watching the channel weekly. The The Q India channel is now accessible in over 125 million TV households and 680 million OTT users. CEO Curt Marvis expressed optimism about leveraging this growing viewership to enhance revenues, emphasizing plans for new channels like The Q Marathi.

QYOU Media Inc. has announced the launch of its Hindi channel The Q and The Q Marathi on the live TV app toober, catering to the global Indian diaspora. This service will initially be available in Canada and aims to provide subscribers with diverse channels in over 20 languages at competitive pricing. CEO Curt Marvis highlighted the opportunity to connect with over 18 million Indians living abroad, emphasizing the growing demand for local language content. The launch is part of a strategy to expand the company's Indian channel offerings internationally.

QYOU Media Inc. has announced the launch of The Q Comedistaan channel on June 1, 2022, targeting the growing digital audience in India. This new channel is dedicated to comedy programming, marking the fourth channel for The Q India, which also includes The Q Marathi and The Q Kahaniyan. The channels collectively reach over 122 million TV households and 676 million users through various platforms. Smart TV usage in India grew 65% year-over-year in 2021, indicating a robust market for digital content.

QYOU Media Inc. has launched The Q Marathi, a youth-oriented channel now accessible to over 84 million Marathi-speaking households in India. The channel secured four founding sponsors: Pepsi, L'Oréal, Reckitt, and Himalaya. This follows The Q India acquiring over 50 new premium advertisers last year. The Marathi channel mirrors the Hindi channel's themes and features content from 17 leading Marathi digital creators. QYOU Media aims to tap into the Marathi culture and connect brands with a significant audience.

QYOU Media Inc. (OTCQB: QYOUF) announced a new distribution agreement for The Q India, its Hindi youth-oriented channel, effective from April 1, 2022 to March 31, 2023. This follows a major auction during which India's 'Big 4' broadcasters did not renew their agreements with DD Free Dish, allowing The Q India to potentially benefit from increased audience and advertising revenue. With over 122 million TV households and 676 million OTT users, the channel's viewership has seen significant growth, reaching more than 100 million viewers weekly.