KIDOZ Hits Record Q1 Revenue Of $2.28M. Provides Full Year Guidance Of $19 - $21M For Kids World’s Biggest Mobile Ad Platform

Kidoz (KIDZ: TSXV) owns the biggest mobile advertising platform for kids and families. How big? There are almost 4,000 apps around the world using Kidoz, reaching over 300 MILLION kids. The company works with top brands, including:

• Disney
• McDonald’s
• Hasbro
• Lego
• …… and is a trusted partner of Apple and Google.

More than just lip service, $KIDZ success can be seen in its annual revenue growth:

• 2017 $1.9M
• 2018 $3M
• 2019 $4.5M
• 2020 $7.1M
• 2021 $12.4M + 74%Q4 $5.88M + 109%
  2021 Gross Profit $685k + 54%
  2021 Adjusted EBITDA of $1.35M + 409% over Q3
  

$KIDZ continues to steam roll with more record revenues for Q1 2022 with this news Kidoz Inc. Announces Strong Growth in Q1 2022 with Revenue of $2,283,974 (up 47% over Q1 2021). Q1 is the industry’s slowest quarter because Q4 is the biggest quarter as a result of back to school, Thanksgiving and Christmas / holiday season …. but that didn’t stop $KIDZ from setting another Q1 record and setting the stage for a big year in which it also announced the following:

RECORD REVENUE GUIDANCE FOR THE FULL YEAR 2022

“We are prepared to communicate 2022 revenue guidance of $19M to $21M, which represents approximately 60% year over year growth, and we expect 2022 Adjusted EBITDA to be positive and maintain our profitable Adjusted EBITDA for the third year in a row.”

We sat down with $KIDZ. CEO Jason Williams to discuss this full year guidance, as well as, Q1 results, some highlights of which are as follows:

Select Q1 2022 highlights:

• $2,283,974 Revenue - 47% growth compared to Q1 2021
• $830,895 Gross Profit - growth of 21% compared to Q1 2021 Gross Profit of $685,041.

Jason Williams, Kidoz CEO stated:

"We're pleased with the first quarter of 2022. Our revenue grew greater than 40% compared to Q1 2021. This was driven by a substantial increase in volume through our leading kids-safe ad network. Meanwhile, we continue to invest in software development, marketing, and operations staff to raise our profile and enhance the technical and operational foundation of our new Performance and Programmatic growth initiatives,"

KIDOZ IS A GLOBAL PLAYER

Eldad Ben Tora, Newley appointed President and GM EMEA:

"The Company is building in an incredible way. We have become a leader in safe mobile advertising and the variety of opportunities in this area are immense as mobile continues to grow and become the dominant entertainment medium. Hundreds of millions of kids are consuming mobile content on a daily basis, and Kidoz helps to ensure their experience is safe, data-free and compliant while being performant for the mobile platforms. We are expanding our technology through as many platforms and channels as are available to reach and engage audiences globally. We believe 2022 will be another great year for Kidoz."

Now sit back, relax and watch this powerful interview with the CEO of Kidoz Inc.