Kidoz Inc. Reports Record 2024 Revenue and Adjusted EBITDA Growth

Kidoz Inc., a Vancouver-based mobile AdTech developer, has announced its audited financial results for the fiscal year ending December 31, 2024. The company reported a total revenue of USD $14,004,527, marking a 6% increase from the previous year. The firm's adjusted EBITDA reached USD $1,134,503, a significant improvement from a negative figure the prior year.

Investment in sales and marketing increased by 16% to USD $1,465,833, while R&D expenditure rose by 15% to USD $3,445,018. The year closed with a net income of USD $353,140, a notable turnaround from the USD $2,012,056 net loss in 2023. The company's cash reserves also grew, standing at USD $2,780,517 at year's end.

CEO Jason Williams highlighted the vital role of privacy-first technology in achieving this success and affirmed the company's strategic position in the digital advertising ecosystem.