Business
QYOU Media Reports Year Over Year Revenue Increase From $208K in Q1 2021 to $5.2 Million in Q1 2022 - Representing the Highest Q1 Revenue Mark in Company History
QYOU Media Reports Year Over Year Revenue Increase From $208K in Q1 2021 to $5.2 Million ...
About this update from Qyou Media, Inc.
[{"type":"text","content":"\n \n \n \n QYOU Media Reports Year Over Year Revenue Increase From $208K in Q1 2021 to $5.2 Million in Q1 2022 - Representing the Highest Q1 Revenue Mark in Company History\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 QYOU Advises that Q2 2022 Revenue Will Be An All Time Quarterly Record\n \n \n \n \n \n TORONTO\n \n ,\n \n MUMBAI\n \n and\n \n LOS ANGELES\n \n \n ,\n \n \n May 30, 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 financial results for the quarter ended\n \n March 31\n \n , 2022.  Highlights include as follows:\n \n \n \n \n Record Breaking Quarterly and YOY Revenue Growth:\n \n For the three months ended\n \n March 31, 2022\n \n revenue was\n \n $5,234,680\n \n representing a year over year increase of 2410% and the highest Q1 revenue mark in company history.\n \n \n \n Guidance:\n \n The Company is formally providing guidance for Q2 2022 advising that revenue is expected to be an all time quarterly record\n \n \n \n Seasonality:\n \n The Company's lines of business (primarily ad sales and influencer marketing) are subject to seasonality such that Q1 is typically the lowest revenue and Q4 the highest, all else being equal.\n \n \n \n \n \n \n \n \n \n \n \n \n Improved Adjusted EBITDA*:\n \n For the three months ended\n \n March 31, 2022\n \n compared to same period prior year, adjusted EBITDA loss was\n \n $662,270\n \n representing a decrease of\n \n $981,074\n \n or 60% driven by the revenue growth offset by higher operating expenses related to the growth of the business across all operating business units.\n \n \n \n Net Loss\n \n : Net loss for the quarter is\n \n $2,308,200\n \n , a decrease of 10% or\n \n $244,689\n \n driven by revenue growth across all business units. In addition to the EBITDA loss, the Net loss includes income tax provisions of\n \n $166,802\n ...