Small Cap Achieves 10th Quarter of YOY Revenue Growth

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 10^th 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.

IMPORTANT NOTICE AND DISCLAIMER

PAID ADVERTISEMENT

This communication is a paid advertisement. ValueTheMarkets is a trading name of Digitonic Ltd, and its owners, directors, officers, employees, affiliates, agents and assigns (collectively the “Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by QYOU Media Inc. to conduct investor awareness advertising and marketing and has paid the Publisher the equivalent of one hundred and twenty five thousand US dollars to produce and disseminate this and other similar articles and certain related banner advertisements. This compensation should be viewed as a major conflict with the Publisher’s ability to provide unbiased information or opinion.

CHANGES IN SHARE TRADING AND PRICE

Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to adversely affect share prices. Frequently companies profiled in our articles experience a large increase in share trading volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in share trading volume and share price may likely occur.

NO OFFER TO SELL OR BUY SECURITIES

This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security.

INFORMATION

Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position.

This communication is based on information generally available to the public and on an interview conducted with the company’s CEO, and does not contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher does not guarantee the accuracy or completeness of the information. Further, the information in this communication is not updated after publication and may become inaccurate or outdated. No reliance should be placed on the price or statistics information and no responsibility or liability is accepted for any error or inaccuracy. Any statements made should not be taken as an endorsement of analyst views.

NO FINANCIAL ADVICE

The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser or a financial adviser. The Publisher has no access to non-public information about publicly traded companies. The information provided is general and impersonal, and is not tailored to any particular individual’s financial situation or investment objective(s) and this communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor or a personal recommendation to deal or invest in any particular company or product. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results.

FORWARD LOOKING STATEMENTS

This communication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. Statements in this communication that look forward in time, which include everything other than historical information, are based on assumptions and estimates by our content providers and involve risks and uncertainties that may affect the profiled company’s actual results of operations. These statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results and performance to differ materially from any future results or performance expressed or implied in the forward-looking statements. These risks, uncertainties and other factors include, among others: the success of the profiled company’s operations; the size and growth of the market for the company’s products and services; the company’s ability to fund its capital requirements in the near term and long term; pricing pressures; changes in business strategy, practices or customer relationships; general worldwide economic and business conditions; currency exchange and interest rate fluctuations; government, statutory, regulatory or administrative initiatives affecting the company’s business.

INDEMNIFICATION/RELEASE OF LIABILITY

By reading this communication, you acknowledge that you have read and understand this disclaimer in full, and agree and accept that the Publisher provides no warranty in respect of the communication or the profiled company and accepts no liability whatsoever. You acknowledge and accept this disclaimer and that, to the greatest extent permitted under applicable law, you release and hold harmless the Publisher from any and all liability, damages, injury and adverse consequences arising from your use of this communication. You further agree that you are solely responsible for any financial outcome related to or arising from your investment decisions.

TERMS OF USE AND DISCLAIMER

By reading this communication you agree that you have reviewed and fully agree to the Terms of Use found here https://www.valuethemarkets.com/terms-conditions/ and acknowledge that you have reviewed the Disclaimer found here https://www.valuethemarkets.com/disclaimer/. If you do not agree to the Terms of Use, please contact valuethemarkets.com to discontinue receiving future communications.

INTELLECTUAL PROPERTY

All trademarks used in this communication are the property of their respective trademark holders. Other than valuethemarkets.com, the Publisher is not affiliated, connected, or associated with, and the communication is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks other than valuethemarkets.com.

AUTHORS: VALUETHEMARKETS

valuethemarkets.com and Digitonic Ltd and our affiliates are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above. This article does not provide any financial advice and is not a recommendation to deal in any securities or product. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.

ValueTheMarkets do not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above piece. ValueTheMarkets have been paid to produce this piece by the company or companies mentioned above. Digitonic Ltd, the owner of valuethemarkets.com, has been paid for the production of this piece by the company or companies mentioned above.

Tickers

40.46 usd

Articles