QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) has more encouraging news to report. Its gaming subsidiary, Maxamtech Digital Ventures, has been recognized by the leading publisher Silicon India as one of the Top Ten India Gaming companies of 2023.
Silicon India’s special StartUp City issue tracks the leading business achievements of a broad spectrum of technology-driven categories annually. Maxamtech graces the cover of its latest issue, which features the top India gaming businesses of 2023.
Being named in a top ten list by a reputable publication not only validates Maxamtech’s business model but also significantly boosts its brand recognition. For investors, this enhanced visibility can translate into greater consumer interest, which can only be a good thing for QYOU and potentially its stock.
The publication highlighted Maxamtech founders Xerxes Mullan and Sundeep Thusu’s historical backgrounds and their development of industry-leading tech that propelled gaming app Q GamesMela’s recent market entry.
Recognition Signals Strong Growth Potential
QYOU's breakout gaming app, Q GamesMela, has recently delivered an impressive performance, bolstering investor confidence. QGamesMela, a casual gaming venture utilizing the extensive audience of QYOU Media’s Q India products, is a new Maxamtech offering and has achieved several exciting early milestones in its first month of release.
Furthermore, Q GamesMela recently had its largest single week of downloads to date, garnering a total of over 137,000 downloads in one week.
Maxamtech’s inclusion in the StartUp City issue’s list implies strong growth potential. Particularly as Q GamesMela received acclaim from Silicon India editors for its innovative integration of gaming and e-commerce, a concept increasingly known as "g-commerce."
Curt Marvis, CEO and Co-Founder QYOU Media, commented:
We are thrilled that our team at Maxamtech has received this much-deserved recognition from Silicon India. The ability to combine the deep experience and technological vision in the mobile gaming industry of Maxamtech with the direct reach to a large and growing audience of over 125 million viewers every week enjoyed by Q in India is the cornerstone of our belief that this will become a major growth business for QYOU Media and its shareholders.
It is gratifying to see third-party acknowledgment of our unique positioning in the market as we continue to experience strong early adoption and engagement of Q GamesMela. At the end of the day, that is what this is all about!
Silicon India regularly documents the US-India tech boom, covering entrepreneurs, technologists, CEOs, and key business and tech trends in India and the U.S., featuring influential figures like Satya Nadella, Ajay Banga, Sundar Pichai, Shantanu Narayen, and Kenneth Kannappan.
The Silicon India publication was first launched in New York City on August 15, 1997, and now publishes editions from both the U.S. and India.
Differentiating In A Competitive Market
QYOU Media acquired a majority stake in Maxamtech Digital Ventures in January 2023. Since then, Maxamtech has pivoted from providing B to B to C gaming services to large corporate partners and focused its efforts on the launch of a direct-to-consumer free and real money gaming app Q GamesMela.
The platform, combining QYOU's vast weekly audience and a "Freemium model" of free and Real Money Gaming, achieves high engagement and lower Customer Acquisition Costs compared to competitors.
The fact that Maxamtech’s gaming app Q GamesMela attracted over 137,000 new registered users in the most recent week is a testament to its market appeal and operational effectiveness. This rapid user acquisition rate is a key indicator of the app's popularity and potential for scalability, which are critical factors for investment consideration.
India's mobile gaming market is rapidly expanding, driven by an expected surge to over 1 billion internet users and 820 million smartphone users by 2025. Confirming this trend, a recent All India Gaming Federation report shows a significant rise in Indian gamers, mainly due to the growing number of smartphone internet users.
Being named in the Top Ten of 2023 By Silicon India strongly endorses Maxamtech’s business strategy and market success, signaling a promising growth path. It presents an appealing investment choice for retail investors interested in dynamic, expanding market segments.
Being acknowledged as a top player among emerging businesses suggests that Maxamtech is successfully differentiating itself in a competitive market. This not only reflects the company's innovative capabilities but also its potential to capture a significant market share, an aspect that's highly attractive to investors.
Who is QYOU Media?
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF), a rapidly expanding creator-media company, operates in India and the United States. It specializes in producing, distributing, and monetizing content made by social media influencers and digital content creators.
In India, QYOU, under its flagship brand The Q, has launched six channels across broadcast and video-on-demand platforms. It offers content on connected TV channels like Q Kahaniyan, Q GameX, Q Comedistaan, Sadhguru TV, and Bollywood Hungama. QYOU curates, produces, and distributes premium content across TV networks, VOD, OTT platforms, mobile phones, smart TVs, and app-based platforms. Here, its influencer-led content reaches more than 125 million households.
Meanwhile, its influencer marketing campaigns are spearheaded by Chtrbox, its in-house expert in connecting brands with just the right online content creators. Notably, in another example of QYOU hitting its financial milestones, Chtrbox hit a record milestone with its largest revenue month since inception booking total revenue of over 7 Crore or $1,150,000 in October 2023. Chtrbox then went on to win two prestigious awards at the Entrepreneur India 2023 Influencer Awards.
QYOU Media is also expanding into the gaming sector in India. By acquiring Maxamtech, QYOU now has access to the mobile gaming market, allowing advertisers to connect with the growing number of Indian mobile gamers. The company is well underway in developing its Maxamtech and Q GamesMela gaming business.
Meanwhile, in the United States, QYOU specializes in developing and overseeing influencer marketing campaigns for prominent film studios, game publishers, and brands. Here, QYOU Media produces content geared towards millennials and Gen Z, reaching over one billion global consumers each month. QYOU USA's innovative marketing solutions provide a blueprint for success in the rapidly evolving digital marketing landscape.
The company’s management team boasts extensive experience in the US entertainment industry. The founders are industry experts with backgrounds at major companies like Lionsgate, MTV, Disney, and Sony. This expertise has been instrumental in attracting exciting campaigns to QYOU.
QYOU Media has seen sustained success with ten straight quarters of year-over-year revenue increases, reduced losses, improved adjusted EBITDA, award-winning channel growth, and partnerships with top-tier advertisers like Nestle, Pepsi, and Amazon.
Additionally, QYOU Media is analyst-backed. Atrium Research has initiated coverage on QYOU Media Inc. with a BUY rating and target price of $0.15/share. This represents a potential 114% upside from the Oct 27, 2023 initiation date.
Accolades like Silicon India’s recognition can increase investor confidence, as it is seen as an external validation of Maxamtech’s business strategy and market position. For QYOU shareholders, this is a reassuring sign that their investment is in a company that's not only performing well but also gaining recognition for its achievements.
Amid market volatility, investors are on the lookout for breakout stock potential to diversify and bolster their portfolios. Find out everything you need to know about QYOU and its compelling investment opportunity.