QYOU Media Reports Record $31 Million in Revenue for 2024
QYOU Media reported record-breaking annual revenue of $31.48 million for FY 2024, marking its highest revenue in corporate history. The company, operating in India and the United States, achieved significant financial improvements with a 109% increase in Adjusted EBITDA to $415,186, driven by strong performance in influencer marketing divisions.
Key highlights include three consecutive quarters of positive Adjusted EBITDA, an 18% improvement in net loss, and reduced cash usage in operating activities from $1.79 million to $188,752. The company ended 2024 with a cash balance of $946,784, up from $736,713 in 2023.
Notable developments include the filing of a Draft Red Herring Prospectus by Chatterbox, QYOU's Indian subsidiary, on the BSE Limited. The company's strategic shift focused on profitable businesses, particularly in influencer marketing, while discontinuing its gaming operations to optimize financial performance.
QYOU Media ha riportato un fatturato annuo record di 31,48 milioni di dollari per l'anno fiscale 2024, segnando il massimo storico di ricavi nella storia aziendale. L'azienda, attiva in India e negli Stati Uniti, ha registrato notevoli miglioramenti finanziari con un aumento del 109% dell'EBITDA rettificato, che ha raggiunto 415.186 dollari, grazie a una forte performance nel settore del marketing degli influencer.
I punti salienti includono tre trimestri consecutivi con EBITDA rettificato positivo, un miglioramento del 18% della perdita netta e una riduzione dell'uso di cassa nelle attività operative da 1,79 milioni di dollari a 188.752 dollari. L'azienda ha chiuso il 2024 con un saldo di cassa di 946.784 dollari, in crescita rispetto ai 736.713 dollari del 2023.
Tra gli sviluppi significativi vi è la presentazione di un Draft Red Herring Prospectus da parte di Chatterbox, la controllata indiana di QYOU, presso la BSE Limited. La strategia aziendale si è concentrata su attività redditizie, in particolare nel marketing degli influencer, interrompendo le operazioni nel settore gaming per ottimizzare le performance finanziarie.
QYOU Media reportó ingresos anuales récord de 31,48 millones de dólares para el año fiscal 2024, marcando su nivel más alto de ingresos en la historia corporativa. La empresa, que opera en India y Estados Unidos, logró mejoras financieras significativas con un aumento del 109% en el EBITDA ajustado, alcanzando 415,186 dólares, impulsado por un sólido desempeño en las divisiones de marketing de influencers.
Los aspectos destacados incluyen tres trimestres consecutivos con EBITDA ajustado positivo, una mejora del 18% en la pérdida neta y una reducción en el uso de efectivo en actividades operativas de 1,79 millones de dólares a 188,752 dólares. La compañía cerró 2024 con un saldo de efectivo de 946,784 dólares, frente a los 736,713 dólares de 2023.
Entre los desarrollos notables se encuentra la presentación de un Draft Red Herring Prospectus por parte de Chatterbox, la subsidiaria india de QYOU, en la BSE Limited. El cambio estratégico de la compañía se centró en negocios rentables, especialmente en marketing de influencers, mientras que discontinuó sus operaciones de juegos para optimizar el rendimiento financiero.
QYOU Media는 2024 회계연도에 3,148만 달러의 역대 최고 연간 매출을 기록했다고 보고했습니다. 인도와 미국에서 운영되는 이 회사는 인플루언서 마케팅 부문의 강력한 실적에 힘입어 조정 EBITDA가 109% 증가한 415,186달러를 달성하며 재무 성과를 크게 개선했습니다.
주요 성과로는 3분기 연속 조정 EBITDA 흑자, 순손실 18% 개선, 영업활동 현금 사용이 179만 달러에서 188,752달러로 감소한 점이 포함됩니다. 회사는 2024년을 946,784달러의 현금 잔액으로 마감했으며, 이는 2023년 736,713달러에서 증가한 수치입니다.
주목할 만한 발전으로는 QYOU의 인도 자회사인 Chatterbox가 BSE Limited에 Draft Red Herring Prospectus를 제출한 점이 있습니다. 회사는 수익성 있는 사업, 특히 인플루언서 마케팅에 전략적으로 집중하며, 재무 성과 최적화를 위해 게임 사업은 중단했습니다.
QYOU Media a annoncé un chiffre d'affaires annuel record de 31,48 millions de dollars pour l'exercice 2024, marquant son plus haut niveau de revenus dans l'histoire de l'entreprise. La société, opérant en Inde et aux États-Unis, a réalisé des améliorations financières significatives avec une augmentation de 109 % de l'EBITDA ajusté, atteignant 415 186 dollars, grâce à une solide performance dans les divisions de marketing d'influence.
Les points clés incluent trois trimestres consécutifs d'EBITDA ajusté positif, une amélioration de 18 % de la perte nette et une réduction de l'utilisation de trésorerie dans les activités opérationnelles, passant de 1,79 million de dollars à 188 752 dollars. La société a terminé 2024 avec un solde de trésorerie de 946 784 dollars, en hausse par rapport à 736 713 dollars en 2023.
Parmi les développements notables figure le dépôt d'un Draft Red Herring Prospectus par Chatterbox, filiale indienne de QYOU, auprès de la BSE Limited. Le virage stratégique de la société s'est concentré sur les activités rentables, notamment le marketing d'influence, tout en abandonnant ses opérations dans le secteur du jeu pour optimiser la performance financière.
QYOU Media meldete für das Geschäftsjahr 2024 einen rekordverdächtigen Jahresumsatz von 31,48 Millionen US-Dollar und erreichte damit den höchsten Umsatz in der Unternehmensgeschichte. Das Unternehmen, das in Indien und den Vereinigten Staaten tätig ist, erzielte bedeutende finanzielle Verbesserungen mit einem Anstieg des bereinigten EBITDA um 109 % auf 415.186 US-Dollar, angetrieben durch starke Leistungen in den Influencer-Marketing-Segmenten.
Zu den wichtigsten Highlights zählen drei aufeinanderfolgende Quartale mit positivem bereinigtem EBITDA, eine 18%ige Verbesserung des Nettoverlusts sowie eine Verringerung des Mittelabflusses aus operativen Tätigkeiten von 1,79 Millionen US-Dollar auf 188.752 US-Dollar. Das Unternehmen beendete das Jahr 2024 mit einem Kassenbestand von 946.784 US-Dollar, gegenüber 736.713 US-Dollar im Jahr 2023.
Bemerkenswerte Entwicklungen umfassen die Einreichung eines Draft Red Herring Prospectus durch Chatterbox, die indische Tochtergesellschaft von QYOU, bei der BSE Limited. Die strategische Neuausrichtung des Unternehmens konzentrierte sich auf profitable Geschäftsbereiche, insbesondere im Influencer-Marketing, während die Gaming-Aktivitäten eingestellt wurden, um die finanzielle Leistung zu optimieren.
- Record annual revenue of $31.48M in FY2024
- Adjusted EBITDA improved 109% to $415,186 in FY2024
- Three consecutive quarters of positive Adjusted EBITDA
- Net loss improved by 18% ($1.79M) compared to prior year
- Cash used in operations decreased to $188,752 from $1.78M prior year
- Higher cash balance of $946,784 vs $736,713 in FY2023
- Subsidiary Chatterbox filed for IPO on BSE SME Platform
- Company still operating at a net loss despite improvements
- Significant tax charges impacted bottom line
- Impairment costs from discontinued gaming business
- Strategic discontinuation of revenue-generating gaming division
Positive Annual Adjusted EBITDA Increases
Q4 2024 Delivers Third Consecutive Quarter of Positive Adjusted EBITDA
- The company recorded annual revenue of
$31,480,979 India based influencer marketing business units as the company streamlined operations and executed on a strategic shift to more financially profitable businesses driving stronger returns. - Adjusted EBITDA*: For the year ended December 31, 2024 compared to the same period prior year, Adjusted EBITDA significantly improved
109% to$415,186 $5,137,745 $4,722,599 - Improved Net Loss: For the year ended December 31, 2024, net loss improved by
$1,792,525 18% compared to prior year. This improvement was offset by significant tax charges along with impairment costs related to the discontinuation of the gaming business. - Cash Balance: Cash used in operating activities for the year ended December 31, 2024 was
$188,752 $1,788,827 $946,784 $736,713 - Subsequent to year-end, the Company announced that Chatterbox, its subsidiary influencer marketing business in
India , filed a Draft Red Herring Prospectus (DRHP) on the SME Platform of the BSE Limited ("BSE") (formerly known as the Bombay Stock Exchange).
QYOU Media CEO and Co-Founder Curt Marvis commented, "The financial results of our business in FY 2024 demonstrate the early success of our repositioning and focus on our influencer marketing business units in the US and
*Note on Adjusted EBITDA:
To supplement our consolidated financial statements, which are prepared and presented in accordance with International Financial Reporting Standards ("IFRS"), we present Earnings Before Interest Tax Depreciation and Amortization ("Adjusted EBITDA") which is a non-IFRS financial measure. The presentation of non-IFRS financial measurement are not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss or net income (loss) or any other performance measures derived in accordance with IFRS or as an alternative to net cash provided by operating activities or any other measures of cash flows or liquidity.
We define earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") as revenue minus operating expenses excluding non-cash and or non-recurring operating expenses of stock-based compensation, marketing credits, depreciation and amortization (interest and taxes are not included in the Company's operating expenses). Adjusted EBITDA is used as an internal measure to evaluate the performance of our operating segments. We believe that information about this non-IFRS financial measure assists investors by allowing them to evaluate changes in operating results of our business separate from non-operational factors that affect operating income (loss) and net income (loss), thus providing insights into both operations and other factors that affect reported results. A limitation of the use of Adjusted EBITDA as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Furthermore, this measure may vary among companies; thus Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies.
About QYOU Media
Among the fastest growing creator driven media companies, QYOU Media operates in
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. Words such as "expects'', "anticipates" and "intends" or similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein may include, but are not limited to, information concerning the completion of future investments, the approval of the Exchange of the investments, the approval of the Reserve Bank of
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/qyou-media-reports-record-31-million-in-revenue-for-2024-302443222.html
SOURCE QYOU Media Inc.
FAQ
How much revenue did QYOUF report for fiscal year 2024?
What was QYOUF's EBITDA performance in Q4 2024?
How much did QYOUF reduce its net loss in 2024?
What is happening with QYOUF's Chatterbox subsidiary in 2025?
What was QYOUF's cash position at the end of 2024?
What drove QYOUF's revenue growth in 2024?
