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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. (OTCQB: QYOUF) has announced a partnership with Mzaalo, a blockchain-based video streaming platform. This collaboration will enable the Hindi-language youth channel Q India to reach over 676 million users across various platforms. Mzaalo users will earn rewards for viewing content, redeemable for merchandise and digital goods. Q India aims to deliver unique programs targeting young audiences, leveraging Mzaalo's gamification engine and content partnerships, including 12,000 movies. The partnership is designed to enhance viewer engagement and content consumption.
QYOU Media Inc. (OTCQB: QYOUF) has announced the launch of The Q Marathi on January 31, 2022, targeting 84 million native Marathi speakers in India. This new channel will complement the existing The Q India channel, which reaches over 122 million households. With a focus on youth content, The Q Marathi aims to attract advertisers to a demographic previously underserved in the vernacular market. The channel will leverage popular digital creators to connect with audiences through multiple platforms.
On December 6, 2021, QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) announced a live conference call hosted by CEO Curt Marvis on December 16, 2021, at 2 PM EST. The call will cover a business recap of 2021 and an update on 2022 key growth initiatives. Participants can join via Zoom, and questions will be accepted through the chat function. The company focuses on producing and distributing content by social media stars, reaching over a billion consumers monthly.
QYOU Media Inc. reported impressive financial results for the quarter ended September 30, 2021, with revenue soaring to $4,725,463, a 1109% increase year-over-year from $390,950. This growth is attributed to strong ad sales in India and successful performance in its US operations. However, the company recorded a net loss of $2,352,297, an increase from $1,149,333 in the previous year, primarily due to investments in growth. Cash on hand decreased to $7,769,599 from $9,026,915 at the end of June 2021.
QYOU Media Inc. has appointed Glenn Ginsburg as President of QYOU USA following its third consecutive quarter of triple-digit year-over-year revenue growth in influencer marketing. Under Ginsburg's leadership, QYOU USA focuses on brand engagement through platforms like TikTok and is set to strengthen its operations and client relations. The company also welcomed Andrew Fox as SVP, Head of Sales, enhancing its management team. Major clients include Universal Pictures and Disney. QYOU Media aims to continue scaling in the U.S. market, leveraging its growing portfolio and expertise.
QYOU Media has reported significant financial growth for FY 2021, with a Q4 revenue of $2.6 million, a 618% increase year-over-year and a remarkable 1154% jump from Q3. The total revenue for the year reached $4.18 million, up 49% from FY 2020. Despite the revenue increase, the net loss before income taxes rose to $3.04 million in Q4 due to investments in growth initiatives, resulting in a total annual net loss of $7.26 million. Cash reserves improved significantly to $9.03 million. Guidance for Q1 FY 2022 is set between $4.7 million and $4.8 million.
QYOU Media Inc. (OTCQB: QYOUF) has launched The Q India, the first Hindi General Entertainment channel on Xiaomi's MiTV Patchwall 4 platform. This channel is now accessible in over 122 million households and 676 million OTT users in India. Xiaomi leads the Indian smart TV market, with rapid growth, recording a 65% YOY increase. The Q is the fastest-growing youth-oriented channel in India, adding over 30 new advertisers. The company aims for significant revenue growth through digital partnerships, particularly with FAST offerings expected to mirror U.S. ad revenue growth.
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) has revised its revenue guidance for the quarter ending September 30, 2021, increasing it to $4.7 million - $4.8 million from a previous estimate of $3.1 million - $3.8 million. This growth reflects a consecutive rise in revenues from $300,000 to $2.6 million and now to the updated forecast. New advertising partnerships and a strategic investment from Times of India Group totaling $2 million contribute to this positive momentum.
QYOU Media Inc. (OTCQB: QYOUF) announced plans to launch a new broadcast channel, expanding its reach among the youth demographic in India by January 2022. The existing channel, The Q India, has gained significant traction, now reaching over 122 million households and 676 million users through OTT and mobile platforms. With over 30 new advertisers this year, the company aims to leverage its success by introducing content that appeals to young audiences. The details of the new channel remain undisclosed, but it will build upon the popularity of The Q.
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