Business
Gamelancer Media 2023 Guidance, EBITDA Positive, Management Reviewed Q4
Audited Q4 and fiscal year-end 2022 to be released on or before April 30, 2023 2023 booked re...
About this update from Vertiqal Studios Corp
[{"type":"text","content":"Gamelancer Media 2023 Guidance, EBITDA Positive, Management Reviewed Q4Audited Q4 and fiscal year-end 2022 to be released on or before April 30, 20232023 booked revenue:$8.6 million topline revenue, 238% increase YoYGross profit margin of 68%, up 8% YoYTotal expenses reduced by 36% YoYEBITDA positiveAdditional contracts over and above, Gamelancer profitable in 2023 with existing contractsTORONTO, ON / ACCESSWIRE / April 3, 2023 / Gamelancer Media Corp. (CSE:GMNG)(OTCQB:GAMGF)(FRA:P93) (\"Gamelancer\" or the \"Company\") a leading media-production and entertainment company that creates custom video content for brands, today announced management reviewed financial results for the quarter ended December 31, 2022, and guidance for fiscal year 2023. Financial Guidance 20232023 financial forecast includes a sales target of $8.6 million based on currently booked revenue, which constitutes a 238% increase YoY. With a sales pipeline featuring booked business into Q4 2023, a TikTok partnership whereby Gamelancer and TikTok Canada are in market together, and new Snapchat shows added to the Gamelancer roster monthly, the Company provides the following information to aide stakeholders in better understanding our growth through the balance of this fiscal year. Gamelancer aims to reduce total expenses by 36% over 2023 and increase gross profit margin from 60% to 68% over the same period. \"Gamelancer Media has experienced tremendous growth both in terms of expanding subscribers on our network and increased recurring revenues from our brand partners. We have consistently demonstrated the value of advertising to our network of over 38 million subscribers, most of whom are 12-to-40-year-olds, which brands are clamouring to reach. Over the past year, we've run successful campaigns with brands whose products range from consumer electronics to Schedule I banks, to the largest sports broadcast network in the United States. Gamelancer continues to bolster its reputation as one of the most engaging social media communities with a unique ability to offer creative services through its production business. We are poised to grow our direct media revenues in 2023 and to expand paid partnerships into categories such as fashion, apparel, quick-serve restaurants, financial services, and beyond.\" says Mike Cotton, President of Gamelancer Media Corp.\"We are fo...