Vertiqal Studios Over the Top content outperforming expectation in 2023
October 30, 2023 at 06:22 pm
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Vertiqal Studios CEO Jon Dwyer joined Steve Darling from Proactive to share significant updates for the company in its Over the Top (OTT) content.
Vertiqal Studios has reported consistent growth in monthly recurring revenues from its OTT shows during the first three quarters of 2023. The company currently offers more than 50 shows and plans to expand its portfolio with over 40 additional shows, demonstrating its commitment to providing diverse and compelling content across various topics.
The company has achieved better-than-expected results, including a 13% increase in 1Q, a 40% increase in 2Q, and a 7.5% increase in 3Q.
Vertiqal Studios has reached a milestone of C$2.5 million in monthly recurring revenue. The company anticipates further milestones in the upcoming quarters as it continues to innovate in the digital media landscape.
Vertiqal Studios has maintained a healthy OTT gross margin, standing at approximately 83.61% after accounting for all current costs.
These updates highlight Vertiqal Studios' impressive growth and strong performance in the OTT industry.
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Gamelancer Media Corp., doing business as Vertiqal Studios, is a digital-channel network and video-production studio. The Company specializes in creating viral videos, as well as the creation of endemic short-form vertical video content for social platforms, it produces and distributes more than 100 videos daily across 66 owned-and-operated channels, utilizing TV economics to monetize TikTok, Instagram, and Snapchat. It facilitates connections between brands and the digital generation by delivering relatable content across its owned-and-operated network. With advanced user data analytics, the Company provides its audience with content relevant to the Gen Z and millennial respective communities. It owns the gaming media inventory on TikTok and monetizes across its Snapchat Discover channels in partnership with Snapchat. It builds full production and distribution brand campaigns for the brands in North America, the United Kingdom, and Australia.