Business
Kidoz Inc. Announces Record Q3 Revenue of USD $3,666,521 (CAD $5,128,715) an Increase of 60% YoY
Kidoz delivers record results, reinvests in technologyto support scale up growth phase. VANC...
About this update from Kidoz Inc
[{"type":"text","content":"Kidoz Inc. Announces Record Q3 Revenue of USD $3,666,521 (CAD $5,128,715) an Increase of 60% YoYKidoz delivers record results, reinvests in technologyto support scale up growth phase. VANCOUVER, BC / ACCESS Newswire / November 20, 2025 / Kidoz Inc. (TSXV:KDOZ)(OTCQB:KDOZF) (the \"Company\"), developer of the global AdTech platform delivering safe privacy-first, mobile gamer engagement at scale, announced today its unaudited condensed interim financial results for the quarter ended September 30, 2025. All amounts are presented in United States dollars and are in accordance with United States Generally Accepted Accounting Principles.\"During the third quarter, Kidoz made progress towards sustained profitability with significant increases in revenue and managed increases in costs designed to support the increased scale of business on our platform,\" stated Jason Williams, the Company's CEO. \"In addition to achieving record Q3 revenues, we launched many new system features that have enabled a more optimized delivery of campaigns which has resulted in a beneficial financial performance. Our key objective in Q3 was to position the technology for stability ahead of the crucial holiday trading period to ensure we capture our pipeline of business and achieve record fourth quarter revenues and deliver annual profitability.\"Financial highlights Q3 2025 include:Total Revenue of $3,666,521 an increase of 60% compared to Q3 2024 Total Revenue of $2,287,776.Gross Profit of $1,877,511 an increase of 48% compared to Q3 2024 Gross Profit of $1,208,564.Sales and Marketing expenditure of $339,217, an increase of 3% from $330,798 in Q3 2024.Non-Capitalized R&D expenditures of $1,227,647, an increase of 51% from $810,933 in Q3 2024.Operating expenses of $1,983,236, an increase of 23% from $1,618,571 in Q3 2024.Net loss after tax of ($177,711), an improvement of $228,573, compared to a net loss after tax of ($406,284) in Q3 2024.Adjusted EBITDA of ($91,927) compared to Adjusted EBITDA of ($256,822) in Q3 2024.Cash of $1,790,483 and working capital of $3,204,557 as at September 30, 2025, compared to cash of $442,599 and working capital of $2,210,867 as at September 30, 2024 and cash of $2,780,517 and working capital of $4,219,588 as at December 31, 2024.Negative Free Cash Flow for the nine months ended September 30, 2025 of ($972,758) compared to...