Small Cap Achieves 10th Quarter of YOY Revenue Growth

By Patricia Miller


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QYOU Media achieved revenue growth for the tenth quarter in a row as landmark deals pushed the small-cap through a tough quarter. Is more rapid growth in store?

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QYOU Media Achieves 10th Quarter of YOY Revenue Growth

QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) has confirmed a 10th consecutive quarter of revenue growth despite being hit by challenging circumstances.

The influencer marketing and entertainment small-cap stock showed strength to continue its growth as US-based actors and writers launched strike action just as the business invested in growth initiatives.

These growth initiatives include the company’s recent transformation of its Q GamesMela mobile gaming app into a real-money-gaming service. This has opened up a brand-new revenue stream for the business while also allowing it to tap into India’s rapidly expanding mobile gaming marketplace.

Even so, such investment in the future, coupled with difficult circumstances, could have created a challenging period for QYOU.

However, the period saw the company win landmark deals, such as a successful promotional campaign for the enormously popular Call of Duty franchise and a partnership with development giant Ubisoft. These wins helped the company to emerge from the period, having achieved continued revenue growth.

With writers and actors now having returned to work, QYOU Media is optimistic that 2024 will bring major growth to the business.

QYOU Media Earnings

The three months ended September 30 saw QYOU Media achieve revenue of $7.3m, rising from the same period last year and resulting in a 10th consecutive quarter of YOY growth.

Revenue was not the only thing to improve in the period, with net loss being cut by more than $193,000. This ultimately amounted to a 9% improvement, seeing the company getting closer to net profitability.

Meanwhile, EBITDA loss for the period rose by 29% compared to the three months ended September 30 2022. QYOU Media attributed this to difficulties associated with the actors’ and writers’ strikes in the US, as well as increased investment in growth initiatives. You can find out more about these growth initiatives here.  

Finally, the business ended the period with cash of $1.7m.

What the CEO Says

QYOU Media, CEO and Co-Founder, Curt Marvis commented:

We keep moving the ball forward in what has clearly continued to be a really tough public markets environment, particularly for small and micro-cap issuers. In addition, in the US, the actors and writers strike took a larger toll on Q3 revenues than we expected and it will continue to be somewhat of an issue for us in Q4 2023 as the slow recovery from those strikes begins to take hold. We know this is a very temporary and unpredictable setback and the silver lining is that it also spawned a significant and exciting amount of growth for us with new gaming partners like Activision and Ubisoft.

The impact of the strike on the US business was combined with our predetermined move to push forward on our direct-to-consumer initiatives in India. Our strategic move to launch a Direct-to-Consumer gaming offering in India has, in part, been driven to optimally leverage our massive channel viewership audience alongside our strong in-country influencer marketing capabilities; both requisites of our Direct-to-Consumer business plans.

We remain confident that investors will soon see the impact of these moves in fiscal 2024 and beyond. We are particularly excited about Q GamesMela, our recently launched free and real money gaming app, which has shown exciting momentum in the earliest stages of its release.

While we continue to exercise as much financial restraint as possible in the face of a lengthy and tough financial environment, we remain more bullish than ever that the type of growth we experienced in 2021 and 2022 will return in 2024 as a result of the work put in this year.

Who is QYOU Media?

QYOU Media specializes in creating, sharing, and earning revenue from content produced by some of the coolest and most popular creators, bringing rising stars to prominence.

In India, through its The Q India brand, QYOU has launched six channels across broadcast and video-on-demand 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, 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.

Also, in India, QYOU Media has edged into the gaming space. QYOU’s acquisition of Maxamtech gives it reach in the direct-to-consumer mobile gaming space. This is a means to help advertisers reach the rapidly expanding audience of Indian mobile gamers. QYOU intends to build out its Maxamtech and Q GamesMela gaming business by embracing real money gaming in the coming months.

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. 

The company’s management team has vast experience in the US entertainment business, with company founders being industry experts from Lionsgate, MTV, Disney, and Sony. This has helped bring some of these exciting campaigns to QYOU’s door.

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 initiation date, Oct 27, 2023.

Find out everything you need to know about QYOU and its compelling investment opportunity.


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