Business
QYOU Media Reflects on a Year of Rapid Growth
(TheNewswire) Record Breaking Revenues Four Channels Launched Across 2022 N...
About this update from Qyou Media, Inc.
[{"type":"text","content":"QYOU Media Reflects on a Year of Rapid Growth\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Record Breaking Revenues\n \n \n \n \n Four Channels Launched Across\n2022\n \n \n \n \n New Direct-to-Consumer Q PLAY\nApp\n \n \n \n \n Acquisitions and Expansions Paving\nthe Way for an Exciting 2023\n \n \n \n TORONTO, MUMBAI and LOS ANGELES -\n \n TheNewswire -\n \n Dec. 7, 2022 - QYOU Media Inc. (TSXV:QYOU) (OTC:QYOUF), a\ncompany operating in India and the United States producing and\ndistributing content created by social media stars and digital content\ncreators, has broken new ground in 2022.\n \n \n \n \n \n \n \n \n For the nine months ended 30 September QYOU Media’s revenue has\ngrown by 156%. Indeed, it has reported record quarterly revenues for\ntwo consecutive quarters, achieving $6.8m in Q2 and $7.2m in Q3.\n \n \n Adjusted EBITDA loss is also improving, having been cut by $514,396 to\n$708,016 in the third quarter as higher revenues mitigated the impact\nof increasing operating expenses related to QYOU Media’s expansion.\nNet loss is similarly improved, having dropped by 10% to $2.1m.\n \n \n These earnings improvements come off the back of QYOU Media’s\nexpanding entertainment offering. Its flagship The Q India Hindi\nlanguage channel had already made a splash in 2021 by reaching 100\nmillion households. However, QYOU Media quickly launched a wide\nvariety of new channels across 2022:\n \n \n \n \n \n The Q Marathi\n \n launched in\nJanuary to target the youth audience from India’s 84 million strong\nMarathi-speaking community.\n \n \n \n \n \n Q Kahaniyan\n \n also hit screens\nin January. The channel’s alternative animation focus, which is\naimed at viewers between 15 and 35 years old, is unique in India.\n \n \n \n \n \n The Q Comedistaan\n \n came next,\nwith the 24-hour comedy channel arriving in June.\n \n \n \n \n \n Q GameX\n \n diversified QYOU\nMedia’s offering even more in September, giving viewers gaming\ncontent which includes matches, insights, unboxings and tips.\n \n \n \n \n The company now reaches over 125 million viewers weekly on Q branded\ncontent channels and is aiming to drive that number to 200 million by\nmid-2023.\n \n \n Besides new channel launches, QYOU Media has also enjoyed a raft of\noperational and technologi...