October Revenue Hits 7 Crore or Over $1,150,000
Growth Driven by Larger Budget Campaigns and Strong Diwali Holiday Social Media Marketing
MUMBAI, India and TORONTO, Nov. 8, 2023 /PRNewswire/ – QYOU Media Inc., (TSXV: QYOU) (OTCQB: QYOUF) an organization working in India and the United States producing and distributing content material created by social media stars and digital content material creators, has introduced that Chtrbox, its India based mostly Influencer Marketing enterprise unit, has hit a brand new milestone with its largest income month since inception. In October 2023, the enterprise unit booked whole income of over 7 Crore or $1,150,000*. Revenue for the month was pushed by a mix of bigger particular person marketing campaign budgets together with development in the general enterprise, strengthened by sturdy social media advertising through the lively Diwali vacation season in India.
According to a report from evaluation agency PQ Media, India was the second quickest rising marketplace for influencer advertising in 2022. Globally, influencer advertising is projected to generate USD $21.1 billion in 2023. Goldman Sachs lately projected that by 2027 the general business turning into generally known as the “creator economic system” is ready to achieve a complete measurement of practically half a trillion {dollars} in general monies generated.** Chtrbox, based in 2016, has established itself as a number one influencer company in India. Since inception it has delivered over 30,000 campaigns for over 2,000+ manufacturers ensuing in greater than 100 billion impressions. The enterprise was acquired by QYOU Media in June of 2021.
Curt Marvis, CEO and Co-Founder, QYOU Media, commented “We are so pleased with the superb accomplishments of the Chtrbox crew all through October and we search for a continued sturdy quarter for the enterprise. While 2023 has manifested many challenges in the worldwide economic system and moreover right here in our US influencer enterprise with the continuing actors strike, we proceed to consider that the facility of creators to drive consciousness, engagement and buy intent for manufacturers is the longer term for all entrepreneurs. The October outcomes at Chtrbox underscore that. We have established an unbelievable record of top notch globally recognized manufacturers that more and more depend on us to deliver them related audiences at scale and we consider our onerous work to determine our place in the burgeoning creator economic system can pay dividends as we transfer forward.”
About QYOU Media
One of the quickest rising creator-media firms, QYOU Media operates in India and the United States producing, distributing and monetizing content material created by social media influencers and digital content material stars. In India, beneath our flagship model, The Q and on linked TV, through channels Q Kahaniyan, Q GameX, Q Comedistaan & Sadhguru TV, we curate, produce and distribute premium content material throughout tv networks, VOD and OTT platforms, cell phones, good TV’s and app-based platforms. In addition, QYOU has quite a few further content material locations, apps and gaming platforms participating over 125 million Indian households weekly. Our influencer advertising firm, Chtrbox, has been a pioneer in India’s creator economic system, leveraging knowledge to attach manufacturers to the appropriate social media influencers. QGamesMela is a lately launched informal gaming enterprise leveraging entry to the big viewers loved by Q India merchandise. In the United States, we energy main movie studios, sport publishers and types to create content material and market through creators and influencers. Founded and created by business veterans from Lionsgate, MTV, Disney and Sony, QYOU Media’s millennial and Gen Z-focused content material reaches a couple of billion shoppers all over the world each month. Experience our work at www.qyoumedia.com
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SOURCE QYOU Media Inc.
https://www.prnewswire.com/news-releases/qyou-medias-india-influencer-marketing-business-chtrbox-records-largest-revenue-month-in-history-301981322.html
