Qyou Media Inc.

Good afternoon and welcome to the QU Media's second quarter 2022 conference call. As a reminder, this call is being recorded and all participants are in a listen-only mode. We will open the call for questions and answers following the presentation. On the call today are QU's co-founder and CEO, Curtis Marvis, chairman and co-founder, Scott Patterson, and CFO, Kevin Williams. The company would like to remind everyone that various remarks about future expectations, plans, and prospects constitute forward-looking statements for purposes of purposes of safe hardware provisions under the Private Securities Litigation Reform Act of 1995. QU cautions that these forward-looking statements are subject to risks and uncertainties that may cause their actual results to differ materially from those indicated, including risks described in the company's filings with the SEC. Any forward-looking statements made on this conference call speaks only as of today's date, Monday, August 29, 2022, and QU does not intend to update any of these forward-looking statements to reflect events or circumstances that occur after today. A replay of today's call will be available on QU's website at www.qumedia.com. With that, I'd like to turn the call over to QU Media's co-founder and CEO, Mr. Kirk Marvis. Mr. Marvis, please go ahead.

Great. Well, thank you very much and welcome everyone. Exciting times here at QU Media. Hopefully many, if not all of you, have had a chance to see the results that we just published about a half hour ago. And so I want to welcome you all to this call. We're going to run through a lot of what's happened on a financial level, what's happening in business, and then take your questions and hopefully get everyone as excited and pumped up as we are right now about what's happening. So we released the results, as I mentioned, shortly, half hour ago. And they're the results for the quarter that ended June 30, 2022, which marks the end of our Q2 2022 for the Q Media business. As some of you may be aware, we moved to a calendar year reporting schedule at the beginning of this year. And Kevin Williams, who's on the call as well, and I will take you through some of the financial highlights from the news that came out today. And then I'll be sharing with you some of the commentary on the activities of what's happening with the business and what we feel has been not only driving our revenue growth and the growth of the company in terms of everything that we're doing in new products and growth on that level, but also why we're so anxious and expect this momentum to continue in a huge way on a go-forward basis because we have tailwinds behind us right now that are very strong. And we fully expect to take advantage of those as we move forward through the rest of this year and obviously in 2023. As I said, at the end of the call, we'll open it up for questions. So keep those, hold those for the moment. And also Scott Patterson, our chairman, who many of you know, is on the call. Scott, Kevin, and I are all in different locations today. So if you have a specific question targeting one of us, Please either put that into the chat or when you ask the question, let us know who you're addressing to. So with that, let's get on to the news. Today we're reporting that as of Q2 2022, we're announcing the highest quarter of revenue in company history. The revenue was recorded for Q2 2022 at $6.88 million. which is a year-over-year quarterly increase of $4,268,464, or 163%. For the six months ending June 30, 2022, as compared to the same period last year, we've recorded total revenue of $12,118,043, representing an overall revenue increase of $9,294,593, or 329%. On a quarter-over-quarter basis, comparing Q2 2022 to Q1 2022, revenues increased $1,648,683, or 31%. Well, obviously, we're thrilled with these results. We all know that it's a tough market out there and has been for a while. We believe that the strength of what we've been developing and building since late 2020, so less than two years ago, was going to begin to pay off and continue to pay off in terms of how the company was situated to grow. And we think that the results are indicative of that and really show that we're on to something now and on the right path. Part of the reason we believe that so strongly is that year over year adjusted EBITDA also improved by $666,223 or 33%. And that's most encouraging from my point of view and from management's point of view, because as most of you are aware, we've been making significant investments into content, new channel launches and other new business units that we're building. to keep the company growing at the level that we're all looking forward to achieve. And so to be able to have that happen in an environment where we've actually improved our EBITDA is obviously super exciting and rewarding for us as well. The other piece of the revenue story from our point of view is that it's company-wide. Of the three business units that we sort of look at, two of them obviously making up India, which is what we call the channels business, whether it's broadcast channels, streaming channels, whatever it might be. And additionally, as many of you are aware of, the chatterbox influencer marketing business, both of those units have grown significantly over the last year and over the last quarter. And in addition to that, while I don't spend quite as much time talking about it when we have these types of calls, the U.S. business is also growing extremely well. We've been involved really in sort of attached in a way, not sort of legally, but in terms of what we use for our campaigns is the TikTok platform. And as I'm sure everybody's aware, TikTok is an explosive growth platform right now. It's become really dominant in terms of especially the young audiences that we're targeting. And that's had a tremendous positive impact on the U.S. business. So at the end of the day, we're firing on all cylinders. Every aspect of the business is growing. Every aspect of the business is getting deeper in terms of the advertisers that we have, in terms of the products that we have that sit alongside it, in terms of the personnel that are managing and running it. And so we really look at ourselves as hitting kind of a new stride at this point now that we've been putting numerous quarters together where the growth just keeps continuing and is expected to continue as we move forward. So I'll speak in a second about some of the things that we're doing in specific business areas that I'm talking about and sort of the feeling that we've got of how we can really grow it in both size and scale, largely based upon the massive young population that we're targeting and achieving viewership from in India and why we believe what we're doing from an execution point of view puts us in such a strong position to be able to continue that growth. And as I mentioned, there's also the U.S. business and what's been happening there and how strongly that's been going. But before I get into that, I know we have a couple of other financial things that I'd like to get through because I feel there's a couple of financial highlights. that Kevin and I were speaking about that I'd like him to bring your attention to it.

So, Kevin, over to you. I apologize. It seems as if we have... Oh, Kevin is here. Let me just... Kevin, you're now off of mute. Okay.