QYOU Media Reports FY 2023 Results
TORONTO, MUMBAI and LOS ANGELES, April 29, 2024 /PRNewswire/ - QYOU Media Inc., (TSXV: QYOU) (OTCQB: QYOUF) a company operating in India and the United States producing and distributing content created by social media stars and digital content creators, is reporting financial results for the quarter and year ended December 31, 2023.
- TORONTO, MUMBAI and LOS ANGELES, April 29, 2024 /PRNewswire/ - QYOU Media Inc., (TSXV: QYOU) (OTCQB: QYOUF) a company operating in India and the United States producing and distributing content created by social media stars and digital content creators, is reporting financial results for the quarter and year ended December 31, 2023.
- This was achieved despite the US WGA writers and SAG actors strike combined with a soft global ad market, resulting in a material adverse effect on overall FY 2023 revenues.
- The company is now experiencing a material improvement in the results for FY Q1 and FY Q2 2024 due to the strike having concluded and anticipates reporting all time record revenue for Q1 2024.
- QYOU Media CEO and Co-Founder, Curt Marvis commented, "There is no question that in the second half of 2023 our business faced some real challenges.