Kidoz (KIDZ) Q1 2025 earnings summary

Executive summary

• Achieved record Q1 revenue of $2,738,303, up 54% year-over-year, driven by strong demand for privacy-first digital advertising.

• Delivered second consecutive quarterly profit, with net income after tax of $60,142, reversing a net loss in Q1 2024.

• Positioned for a record full year, despite short-term advertising sector weakness due to US tariffs uncertainty.

Financial highlights

• Total revenue increased to $2,738,303 from $1,793,071 in Q1 2024, a 54% rise.

• Operating expenses decreased 7% to $1,541,689 from $1,651,881 year-over-year.

• Positive free cash flow of $491,495, compared to negative $599,096 in the prior year.

• Cash balance of $3,266,294 and working capital of $4,363,231 as of March 31, 2025.

Outlook and guidance

• Expects full-year 2025 results to set new records, supported by strong in-app gaming ad demand.

• Notes some short-term weakness in advertising as brands await clarity on US tariffs.