QYOU Media (QYOU) Q3 2024 earnings summary

Executive summary

• Achieved record Q3 revenue of $7.72 million, the highest for any third quarter in company history, with 6% year-over-year growth driven by strong performance in the USA and India influencer marketing units.

• Delivered a second consecutive quarter of positive Adjusted EBITDA, reaching $46,010, a 105% improvement year-over-year.

• Net loss improved by 57% year-over-year, decreasing by $1.1 million for the quarter ended September 30, 2024.

Financial highlights

• Q3 revenue increased by $438,640 or 6% compared to the same quarter last year.

• Adjusted EBITDA improved by $956,517 year-over-year, turning positive for the second straight quarter.

• Cash balance at quarter-end was $874,367.

Outlook and guidance

• Strategic initiatives are underway to drive stronger revenue growth and results in 2025, with further announcements expected before year-end.

• Focus remains on cash-positive business units and maintaining positive Adjusted EBITDA.