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) operates at the intersection of digital content creation and distribution, specializing in influencer-driven programming across connected TV (CTV) and social platforms. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Investors and industry observers will find curated press releases covering earnings reports, content partnerships, FAST channel expansions, and innovations in influencer marketing. Our repository ensures timely access to operational milestones across QYOU Media's key markets in India and the United States.
Regular updates include details on CTV channel launches, creator economy initiatives, and advertising technology advancements. All content is verified from primary sources to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined tracking of QYOU Media's progress in reshaping digital entertainment through award-winning content strategies and data-driven audience engagement.
QYOU Media (TSXV: QYOU, OTCQB: QYOUF) has announced that CEO and Co-Founder Curt Marvis will host a live conference call and live stream on July 9, 2024, at 11:00 AM EST to discuss the company's initiatives for the second half of 2024. Shareholders are encouraged to submit questions in advance, with a live Q&A to follow. Additionally, QYOU Media will not pursue the share consolidation resolution at the upcoming annual meeting on July 19, 2024, acknowledging shareholder concerns. The company continues to operate in India and the US, producing and distributing content through various platforms and engaging over 125 million Indian households weekly. The call archive will be available on QYOU's YouTube channel and website.
QYOU Media reported its highest quarterly revenue in company history for Q1 FY 2024, totaling $8,227,089. This marks a 17% year-over-year increase, driven by strong performance in the U.S. and initial contributions from their direct-to-consumer gaming business in India.
The company's Adjusted EBITDA improved by 36%, up $276,654 compared to the same period last year. Net loss also improved by $146,854, or 10%, mainly due to increased revenue despite higher operating expenses.
QYOU Media's cash balance stood at $1,615,481 by the end of Q1 FY 2024, a significant improvement from $736,713 in the previous year. Cash used in operating activities dropped dramatically, primarily due to better collection of trade receivables.
CEO Curt Marvis highlighted the strong performance and future focus on optimizing business units to drive consistent growth.
QYOU Media (OTCQB: QYOUF) has announced multiple awards and recognitions for its influencer marketing teams in the USA and India for 2024. Significant wins include Digiday Content Marketing Awards for QYOU USA's 'Assassin's Creed Mirage' campaign, ADDYs awards for 'Scream VI', and Telly Awards for 'Mission: Impossible – Dead Reckoning Part One'. Chtrbox India also secured notable awards such as the Indian Television Digital Media Excellence Awards for the 'Disney 100' campaign. These accolades highlight QYOU's effectiveness in producing impactful influencer-driven campaigns for major global brands.
QYOU Media Inc. reports record annual revenue of $27.56 million for FY 2023, in spite of challenges from the US WGA writers and SAG actors strike and a soft global ad market. The company reduced net loss by 14% compared to the prior year. The company anticipates an all-time record revenue for Q1 2024. CEO Curt Marvis acknowledges the challenges faced and expresses confidence in the rebound and future strategies.
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