Agoracom Blog

Kidoz Generates $USD 13.3M Revenue In 2023, Record Revenue Expected In 2024

Posted by Brittany McNabb at 3:04 PM on Tuesday, April 30th, 2024

In the fast-paced world of digital advertising, one company stands out for its exceptional performance and commitment to safety: Kidoz Inc. With a rapidly growing market share and a stellar track record, Kidoz has become the go-to platform for brands looking to connect with younger audiences in a safe and engaging way.

A Leader in Child-Safe Mobile Advertising

Kidoz Inc. has established itself as the absolute leader in child-safe mobile advertising, boasting nearly 5,000 apps worldwide reaching over 400 million kids. Partnering with top brands like Disney, McDonald’s, Hasbro, and Lego, Kidoz has earned the trust of both Apple and Google, solidifying its position as a trusted partner in the industry.

Impressive Growth Trajectory

From humble beginnings in 2017 with $1.9 million in revenue, Kidoz has experienced exponential growth, reaching $13.3 million in revenue by 2023 fiscal year. This remarkable growth trajectory is a testament to the company’s unwavering dedication to delivering great media, value, and service to its partners.

The Power of Mobile Gaming

One of the key factors driving Kidoz’s success is the explosive growth of mobile gaming. With an ever-increasing number of users, especially among younger demographics, mobile games have become a powerhouse in the advertising world. Kidoz leverages this trend by delivering video and rich media ads directly into kids’ favorite games, achieving completion rates in the mid-80s to 90s percentile.

Superior Performance Metrics

Unlike traditional advertising channels, Kidoz’s ads boast exceptional performance metrics, with completion rates far exceeding industry standards. With completion rates ranging from the mid-80s to 90s percentile and click-through rates five to eight times higher than YouTube, Kidoz offers unparalleled engagement and ROI for advertisers.

Anticipating Record Growth in 2024

Looking ahead to 2024, Kidoz is poised for another year of record growth. With strategic investments in technology, operations, and sales partnerships, the company is well-positioned to capitalize on the continued expansion of the mobile digital advertising market. Anticipating strong demand from advertisers and agencies, Kidoz is confident in its ability to deliver exceptional results in the year ahead.

Overcoming Challenges and Seizing Opportunities

While Kidoz faces challenges in breaking through with larger advertising agencies, the company remains focused on delivering exceptional quality and value to its partners. By continuously innovating and refining its offerings, Kidoz aims to solidify its position as a top-tier advertising platform and capture a larger share of the digital advertising market.

A Bright Future Ahead

As Kidoz Inc. continues to disrupt the digital advertising landscape, investors and industry observers alike are taking notice of the company’s remarkable growth and success. With a proven track record, a commitment to safety and quality, and a focus on innovation, Kidoz is well-positioned to lead the future of child-safe mobile advertising. As the company looks ahead to 2024 and beyond, the future is bright for Kidoz and its stakeholders.

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