Kidoz Inc. (TSXV: KIDZ / OTC: KDOZF) reported a 12% year-over-year decline in Q2 revenue, missing estimates due to lower ad spending. Despite the revenue drop, the company improved its EPS, driven by higher gross margins and reduced G&A expenses. Major digital ad platforms also experienced slower growth in Q2. However, ad spending is expected to rise in Q4, supported by cooling inflation and potential rate cuts. Kidoz is expected to benefit from new U.S. COPPA 2.0 regulations, which could drive ...
Kidoz Inc. (TSX-V: KIDZ) reported mixed results for Q1 2024. While revenue fell short of expectations, the company exceeded profit estimates due to higher gross margins. The lower revenue is attributed to weaker-than-anticipated ad spending compared to industry giants like YouTube and Meta. However, Kidoz expects stronger revenue growth for the rest of the year, buoyed by the projected rise in global digital ad spending. The company revised its 2024 revenue growth forecast downward but now antic...
This report not only explores Kidoz’s current standing but also forecasts the promising trends expected to boost the digital advertising space. Join us as we unveil the opportunities that Kidoz is poised to capture in this dynamic market environment.
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