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QYOU Media ( (TSE:QYOU) ) just unveiled an announcement.
QYOU Media has completed a strategic realignment by selling its ‘Q’ India Channel Business to focus on its core influencer marketing operations in North America and India. This shift, initiated in fiscal 2024, aims to enhance long-term profitability despite a short-term revenue decrease. The company reported a 26% improvement in Adjusted EBITDA due to strategic cost control and investments in the social media space. Despite an 8% increase in net loss from continuing operations, cash reserves grew by 32%, indicating operational efficiencies and effective strategic investments.
More about QYOU Media
QYOU Media Inc. operates in the digital content industry, producing and distributing content created by social media stars and digital content creators in India and the United States. The company focuses on influencer marketing and social media marketing, with a market presence in North America and India.
Average Trading Volume: 97,490
Technical Sentiment Signal: Sell
Current Market Cap: C$23.9M
For detailed information about QYOU stock, go to TipRanks’ Stock Analysis page.
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