Welcome to our dedicated page for Qyou Media news (Ticker: QYOUF), a resource for investors and traders seeking the latest updates and insights on Qyou Media stock.
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. has released preliminary financial results for Q4 2021, reporting a record-breaking revenue of approximately $5.7 million, marking a nearly 500% year-over-year increase. For the first time, its India and USA business units achieved positive Adjusted EBITDA, with Q India generating revenues of $3.8 million and QYOU USA generating $1.9 million. Despite these gains, the company reported a net loss of approximately $1.99 million. Cash on hand decreased to $6.4 million from $7.8 million, reflecting increased operational investments.
QYOU Media Inc. (OTCQB: QYOUF) is set to premiere its first original scripted reality comedy series, Hasi Ka HAHAkaar, on January 22, 2022. The show, hosted by Gaurav Gera, will feature popular comedy influencers and air every Saturday and Sunday. With over 122 million TV households and 676 million OTT users, The Q India aims to accentuate its viewer engagement with this innovative series. CEO Simran Hoon emphasized the show's potential to resonate with young audiences, strengthening the channel's position in India's entertainment landscape.
QYOU Media (OTCQB: QYOUF) is launching a new all-animation channel named Q Kahaniyan, targeting 15-35 year-olds in India. Set to launch on January 26th, it will be available on platforms like Samsung TV Plus and Jio TV, expanding the reach of the company, which already serves over 122 million households. The success of The Q India channel, driven by unique animated series, supports this move. With smart TV shipments in India rising 65% YoY, the company aims to tap into this growing market and strengthen its position in the fast-evolving digital content landscape.
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.
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