Kidoz Inc.
Q1 Revenue Jumps 53% Despite Market Headwinds
Published: 5/30/2025
Author: FRC Analysts
Sector: AdTech | Industry: Advertising
Ticker Symbols:KDOZ.V - TSX 🔹KDOZF - NASDAQ 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.3 |
| Fair Value | CAD $0.73 |
| Risk | 4 |
| 52 Week Range | CAD $0.10-0.37 |
| Shares O/S (M) | 131 |
| Market Cap. (M) | CAD $39 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | N/A |
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Report Highlights
- Q1 revenue rose 53% YoY to $2.7M (Q4-2024: up 23% YoY), marking the highest Q1 revenue in the company’s history, and beating our estimate by 26%. Growth was fueled by strong demand, with advertisers launching multiple campaigns on the Kidoz platform during the quarter. In contrast, YouTube and Meta saw more modest YoY ad revenue growth of 10% and 14%, respectively, in Q1.
- Driven by higher revenue, improved gross margins, and lower G&A expenses, EPS improved from -$0.01 to -$0.0001. Free cash flow turned positive for the first time in four years. We are doubling our 2025 EPS forecast from $0.01 to $0.02.
- Apple (NASDAQ: AAPL) and Meta are responding to stricter child privacy rules, including the FTC’s updated COPPA rule (a U.S. law that protects the personal data of children under 13), t
