Business
Kidoz Inc. Reports Over USD $15,000,000 in Record Revenue and Provides Annual Update
VANCOUVER, BC / ACCESSWIRE / February 21, 2023 / Kidoz Inc. (TSXV:KIDZ) (the "Company"), mobile ...
About this update from Kidoz Inc
[{"type":"text","content":"Kidoz Inc. Reports Over USD $15,000,000 in Record Revenue and Provides Annual UpdateVANCOUVER, BC / ACCESSWIRE / February 21, 2023 / Kidoz Inc. (TSXV:KIDZ) (the \"Company\"), mobile AdTech developer and owner of the market-leading Kidoz Contextual Ad Network (www.kidoz.net) and the Kidoz Publisher SDK, announced today its fiscal 2022 and fourth quarter 2022 network activity, its unaudited financial results, a brief annual corporate update and gave notice of changes to the manner in which it will be meeting its ongoing financial reporting requirements.The Kidoz software platform for reaching kids and families on mobile devices continues to experience strong growth despite overall negative market turbulence. Management believes that the Company's innovative sales strategy and proprietary stack of advertising technology, combined with the dominance of mobile entertainment as consumers' preferred choice, will continue to have a profound effect on its results.Network Growth highlights fiscal 2022 over fiscal 2021, include:2.105 billion paid impressions were delivered during fiscal 2022, recording 46% growth over the 1.441 billion paid impressions delivered in fiscal 2021;1.142 billion video views were delivered during fiscal 2022, representing a 60% increase over the 713 million video views delivered in fiscal 2021;Over 648 million rich media ads were played in fiscal 2022, for 8.5% growth over the 597 million played in fiscal 2021;Paid App Installs from the Kidoz App Promotion campaigns business line grew by 41% in fiscal 2022, over fiscal 2021.Network Growth highlights Q4 2022 over Q3 2022, include:870 million paid impressions were delivered during the fourth quarter of 2022, recording 73% growth over the 503 million paid impressions delivered in the third quarter of 2022;567 million video views were delivered during the fourth quarter, representing a 122% increase over the 255 million video views delivered in the third quarter of 2022;Over 195 million rich media ads were played in the fourth quarter of 2022, for 15% growth over the 170 million played in the third quarter of 2022;Paid App Installs from the Kidoz App Promotion campaigns business line declined by 20% in the fourth quarter of 2022, versus the third quarter of 2022.Additionally, as a result of powerful advertiser and user growth on the Company's market leading mobile p...