QYOU Media Announces Year-over-Year Revenue Increase from $208,000 in Q1 2021 to $5.2 Million in Q1 2022

  • Improvement in adjusted EBITDA*: For the three months ended March 31, 2022 compared to the corresponding period of the previous fiscal year, the loss of adjusted EBITDA was $662,270 representing a decrease of $981,074 or 60% thanks to revenue growth offset by higher operating expenses related to business growth in all business units.
  • Net loss: The net loss for the quarter is $2,308,200a decrease of 10% or $244,689 driven by revenue growth across all business units. In addition to the EBITDA loss, the net loss includes provisions for income taxes of $166,802 and non-cash losses related to stock-based compensation, marketing credits and amortization of $1,479,128.
  • Cash balance: The Company concluded the three months ended March 31, 2022 with money from $5,082,637 (December 31, 2021 $6,548,890).

CEO and co-founder of QYOU Media, Court Marvis commented: “What a difference a year makes would be an apt description of the stunning difference in our year-over-year growth from 2021 to 2022. Revenue growth in the current quarter is again expected to be strongly positive d quarter over quarter and even bigger again year over year. The second quarter of 2022 is currently expected to break all previous quarterly revenue records for the company and we expect this trend to continue throughout. long into 2022. I’m very proud of what the whole team has achieved and as I’ve always said… the best is yet to come.”

Note on Adjusted EBITDA:

To supplement our consolidated financial statements, which are prepared and presented in accordance with International Financial Reporting Standards (“IFRS”), we present earnings before interest, amortization and depreciation (“Adjusted EBITDA”), which is a non-compliant financial measure. to IFRS. The presentation of non-IFRS financial measures is not intended to be considered in isolation from, or in lieu of, or superior to, operating loss or net income or any other derived performance measure in accordance with IFRS or as an alternative net cash provided by operating activities or any other measure of cash flow or liquidity.

We define earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) as revenues less operating expenses excluding non-cash operating expenses of stock-based compensation, marketing credits, depreciation and amortization (interest and taxes are not included in operating expenses). Adjusted EBITDA is used as an internal measure to assess the performance of our operating segments. We believe that disclosure of this non-IFRS financial measure assists investors by enabling them to evaluate changes in the results of operations of our business independently of non-operating factors that affect operating income (loss) and net profit (loss), thereby providing insight into both operations and other factors that affect reported results. A limitation on the use of

Adjusted EBITDA as a measure of performance is that it does not reflect the periodic costs of certain depreciable assets used to generate income in our business. Additionally, this metric may vary from company to company; therefore, Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies.

Forward-looking statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Words such as “expects”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. Forward-looking statements contained herein may include, but are not limited to, information regarding the making of future investments. , the approval of the Investment Exchange, the approval of the Reserve Bank of India future investments, intended use of investment proceeds, and statements regarding QYOU’s business and future activities. These forward-looking statements are based on QYOU’s current projections and expectations regarding future events and other factors management deems appropriate. Although QYOU believes that the assumptions underlying these forward-looking statements are reasonable, they may prove to be incorrect, and readers cannot be assured that the offering and its closing will be consistent with these forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements due to numerous factors, including certain risk factors, many of which are beyond QYOU’s control. Additional risks and uncertainties regarding QYOU are described in its publicly available disclosure documents filed by QYOU on SEDAR (www.sedar.com) except as updated herein. The forward-looking statements contained in this press release represent QYOU’s expectations as of the date of this press release, or as of the date on which they are otherwise stated, and subsequent events may cause these expectations to change. QYOU undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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