Business
QYOU Media Reports Record $31 Million in Revenue for 2024
QYOU Media Reports Record $31 Million in Revenue for 2024 Canada NewsWire Pos...
About this update from Qyou Media, Inc.
[{"type":"text","content":"\n\n\n\n QYOU Media Reports Record $31 Million in Revenue for 2024\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Positive Annual Adjusted EBITDA Increases 109%\n \n\n\n\n Q4 2024 Delivers Third Consecutive Quarter of Positive Adjusted EBITDA\n \n\n\n\n\n TORONTO\n \n and\n \n MUMBAI, India\n \n and\n \n LOS ANGELES, Calif.\n \n\n ,\n \n\n April 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 (Q4 2024) and year ended\n \n December 31, 2024\n \n (FY 2024).  Highlights include as follows:\n \n\n\n\n\n\n\n\n\n\n The company recorded annual revenue of\n \n $31,480,979\n \n representing the highest annual revenue mark in corporate history. This revenue growth was primarily driven by the performance of the US and\n \n India\n \n based influencer marketing business units as the company streamlined operations and executed on a strategic shift to more financially profitable businesses driving stronger returns.\n \n\n Adjusted EBITDA*: For the year ended\n \n December 31, 2024\n \n compared to the same period prior year, Adjusted EBITDA significantly improved 109% to\n \n $415,186\n \n representing a YOY improvement of\n \n $5,137,745\n \n ( -\n \n $4,722,599\n \n in FY 2023). This was driven by strong revenue growth in the influencer marketing business units combined with the strategic discontinuation of the gaming business alongside operating cost controls across the company.\n \n\n Improved Net Loss: For the year ended\n \n December 31, 2024\n \n , net loss improved by\n \n $1,792,525\n \n or 18% compared to prior year. This improvement was offset by significant tax charges along with impairment costs related to the discontinuation of the gaming business.\n \n\n Cash Balance\n \n :\n \n Cash used in operating activities for the year ended\n \n December 31, 2024...