Business
QYOU Media Reports Record Quarterly Revenue Increasing 477% Year Over Year
QYOU Media Reports Record Quarterly Revenue Increasing 477% Year Over Year Cana...
About this update from Qyou Media, Inc.
[{"type":"text","content":"\n \n \n \n QYOU Media Reports Record Quarterly Revenue Increasing 477% Year Over Year\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 \n India\n \n and US Business Units Reporting First Ever Positive Adjusted EBITDA\n \n \n \n \n Audited Results For Quarter Ending and Six Months Ending\n \n December 31, 2021\n \n Completes Transition to Calendar Based Fiscal Year\n \n \n \n \n \n TORONTO\n \n and\n \n MUMBAI, India\n \n and\n \n LOS ANGELES\n \n \n ,\n \n \n May 2, 2022\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 final audited financial results for the quarter and six months ended\n \n December 31\n \n , 2021.  Highlights include as follows:\n \n \n \n \n \n \n \n \n \n \n \n Record Breaking Quarterly Revenue:\n \n For the three months ended\n \n December 31, 2021\n \n revenue was\n \n $5,585,641\n \n representing a year over year increase of 477% and a quarter over quarter increase of 18%.  Revenue includes a negative revenue adjustment  of\n \n $95,000\n \n from previously published unaudited results related to the timing of revenue recognition.\n \n \n \n 477% YOY Quarterly Revenue increase:\n \n For the three months ended\n \n December 31, 2021\n \n revenue increased 477% compared to the same period in the prior year.\n \n \n \n Operating Business Units Reach Positive Adjusted EBITDA*:\n \n For the first time in company history the business units  Q India and QYOU\n \n USA\n \n achieved positive Adjusted EBITDA results. Q\n \n India\n \n recorded revenues of\n \n $3,807,230\n \n and Adjusted EBITDA of\n \n $73,389\n \n . QYOU\n \n USA\n \n recorded revenue of\n \n $1,778,558\n \n and Adjusted EBITDA was flat.\n \n \n \n Net Loss\n \n :  Net loss for the quarter is\n \n $2,427,210\n \n , an increase of 368% driven by an increased loss in non-cash items of 945% du...