Highest Revenue Quarter in Company History Includes YOY Adjusted EBITDA* Improvement of 36% TORONTO, MUMBAI, India and LOS ANGELES, May 30, 2024 /CNW/ - QYOU Media Inc., (TSXV: QYOU) (OTCQB:QYOUF) a company operating in India and the United States producing and distributing content created by social media stars and digital content creators, is reporting financial results for the quarter ended March 31, 2024.  Highlights include as follows: Record Revenue: The company recorded quarterly revenue of $8,227,089 representing the highest quarterly revenue mark in corporate history.  This was driven by strong results for QYOU USA, along with the beginning of revenue contribution from the direct-to-consumer gaming business in India.  Revenue on  a YOY basis increased by $1,180,640 or 17%. Improved Adjusted EBITDA*: For the three months ended March 31, 2024 compared to same period prior year, Adjusted EBITDA improved by $276,654 or 36% driven by QYOU USA's strong revenue growth and a meaningful return on strategic investment in the gaming segment, digital channels, workforce and new relationships in the social media space. Improved Net Loss: For the three months ended March 31, 2024, net loss improved by $146,854 or 10% compared to the same period prior year, most significantly driven by strong revenue growth offset by an increase in workforce and other operating expenses associated with building the gaming segment and new relationships in the social media space. Improved Cash Balance: The Company concluded the three months ended March 31, 2024 with cash of $1,615,481 (2023 - $736,713).  Cash used in operating activities for the three months ended March 31, 2024 was $110,108 compared to $1,897,153 in the three months ended December 31, 2023. The decrease in cash used in operating activities is primarily due ...