Kidoz Inc. Reports Strong Q4 Revenue Growth and Optimistic Outlook for 2024

Kidoz Inc. (TSXV:KIDZ), a leader in child-safe mobile advertising, announced a significant increase in its Q4 2023 revenue, reaching $6,030,546—a 115% growth from Q3 2023. This growth is attributed to the early strong performance in Q4, despite a slowdown towards the quarter's end. The Company also reported an increase in its profit to $308,070 from a loss in Q3 2023 and an adjusted EBITDA of $569,532.

CEO Jason Williams expressed satisfaction with the Company's Q4 performance and its technological advancements. Kidoz is focused on providing a child-safe advertising environment, free from Personal Identifiable Information (PII), ensuring brand safety for child-directed media. The company's efforts include an educational roadshow for brands on identifying COPPA-compliant mobile media.

Looking ahead, Kidoz anticipates growth in 2024, buoyed by legislative measures in America and Europe aimed at strengthening online child privacy. The Company remains committed to expanding its reach in the mobile media market for children. Amid the post-pandemic recalibration within the ad tech industry, Kidoz's child-focused contextual advertising network continues to attract new apps and maintain strong usage.

Throughout fiscal 2023, Kidoz adjusted to changes in digital advertisement, demonstrating resilience and adaptability in the evolving landscape. With its unique inventory and proprietary technology, Kidoz is poised for continued success in the digital advertising domain, focusing on engaging with family and entertainment brands targeting younger audiences.