Kidoz Inc. (TSX-V:KIDZ) co-CEO Jason Williams tells Proactive it has reported record annual revenue and profitability for fiscal 2021 amid growing demand for safe mobile advertising. Williams says the 75% increase in total revenue to $12.5 million was the result of growing its publisher reach and advertising customers increasing their advertising budgets with the Kidoz safe mobile network.
Ad tech advertising revenue rose 81% to $12.2 million for the year to December 31, 2021, while adjusted underlying earnings (EBITDA) was $1.51 million compared with adjusted EBITDA of $771,236 in fiscal 2020.