Kidoz (TSE:KIDZ) has released an update.
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Kidoz Inc., a leader in mobile AdTech, reported a total revenue of $13.3 million for 2023, marking a 12% decline from the previous year, despite a significant 239% increase in programmatic advertising revenue. The company experienced a net loss after tax of $2 million and highlighted industry-wide challenges, such as a normalization of the digital advertising market post-pandemic, yet remains optimistic about the potential growth of mobile in-app advertising.
For further insights into TSE:KIDZ stock, check out TipRanks’ Stock Analysis page.