EQS-News

Will These Streamers Benefit from Major Audience Growth?

EQS-News: QYOU Media Will These Streamers Benefit from Major Audience Growth? 26.10.2022 / 17:00 CET/CEST The issuer is solely responsible for the content of this announcement. ValueTheMarkets News Commentary - More than 3 billion people around the world streamed or downloaded video at least once a month in 2020 according to Statista, with this projected to rise to 3.5 billion by 2025. A number of companies are seeking to take advantage of this huge opportunity. This article discusses the issue with reference to Netflix (NASDAQ: NFLX), Walt Disney Co (NYSE: DIS), Amazon (NASDAQ: AMZN) and QYOU Media (TSXV: QYOU) (OTCQB: QYOUF).

QYOU Media (TSXV: QYOU) (OTCQB: QYOUF) operates as a media company. The business produces and distributes content created by social media influencers, artists and digital content creators on television networks, satellite television, over-the-top media and mobile platforms.

QYOU Media also manages influencer marketing campaigns for major film studios and key household brands.

The company primarily operates in India, where it aims to take advantage of rapidly increasing adoption of smartphone and smart TV technology. The business has launched five entertainment channels aimed at the young Indian demographic through its The Q India brand. These include its flagship channel, The Q, which was the fastest growing channel in the entire nation last year.

Viewers can watch these channels across a number of platforms, including QYOU Media’s free ad-supported QPLAY app, which allows users to tune into the company’s five different TV channels through smartphones or smart TVs.

Now, the business is expanding beyond video streaming too, having just acquired a controlling stake in mobile gaming specialists Maxamtech Digital Ventures. With KPMG estimating that more than 420 million Indians are online gamers, the business will be hoping this move will spur further growth.

QYOU Media’s Indian offering is growing alongside its revenue. Its most recent earnings update, which covered the three months ended 30 June 2022, saw the company return record quarterly revenues of CA$6.9m, which represented year-on-year growth of 163%.