QYOU Media Reports Q1 FY 2025

About this update from Qyou Media, Inc.

[{"type":"text","content":"\n\n\n\n QYOU Media Reports Q1 FY 2025\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Adjusted EBITDA Improves 26%\n \n\n\n\n Completes Strategic Re-Alignment Forming a Creator Economy and Social Media Marketing-Focused Business Model\n \n\n\n\n\n TORONTO\n \n ,\n \n MUMBAI\n \n , India and\n \n LOS ANGELES\n \n\n ,\n \n\n May 30, 2025\n \n\n /CNW/ - QYOU Media Inc., (TSXV: QYOU) (OTCQB: QYOUF) a company operating in\n \n India\n \n and\n \n the United States\n \n producing and distributing content created by social media stars and digital content creators, is reporting financial results for the three months and quarter (Q1 FY 2025) ended\n \n March 31\n \n , 2025.\n \n\n\n\n\n\n\n\n\n\n Strategic Repositioning and Discontinued Operations\n \n\n\n On\n \n March 31, 2025\n \n , the Company completed the sale of its \"Q\" India Channel Business as part of a broader strategic realignment aimed at concentrating resources on its core influencer marketing businesses in\n \n North America\n \n and\n \n India\n \n . The repositioning initiative began in the third quarter of fiscal 2024, with the Company initiating the discontinuation of the Maxamtech mobile gaming business. The divestiture of the \"Q\" India Channel Business completes the Company's re-alignment strategy and enhances its long-term profitability profile.\n \n\n These actions have resulted in a short-term decrease in both quarterly revenue and operating expenses. Management views them as a proactive and intentional step toward optimizing the Company's financial performance. By focusing on the influencer marketing business, Management believes that the Company is better positioned to achieve sustainable and meaningful profitability.\n \n\n As a result of these discontinued operations, comparisons of financial performance for the first quarter of 2025 and future periods will exclude the discontinued business units. Year-over-year comparisons will be adjusted accordingly to reflect the Company's new strategic ...

More updates from Qyou Media, Inc.