SoftRatty: Wizzard Sees First Quarter Revenue Grow 130%

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Wizzard Sees First Quarter Revenue Grow 130%

2008-05-10 22:13:48 by Sean P. Aune in Mashable!

Wizzzard Media

Having already had a pretty stellar 2007, Wizzard Media is seeing 2008 shape up to be an even bigger growth year.

Overall, Wizzard racked up an impressive $1,668,478 in revenue for the first quarter, compared to $725,926 for the same quarter last year. This tops even their largest quarter to date, the fourth quarter of 2007, which was reported to be $1.5 million. The good news is that not only was the revenue growing by a staggering 130% for quarter-over-quarter, but the gross profits grew by an even larger percentage, clocking in at 159%

According to a press release published on Fox Business, every aspect of Wizzard’s operation is growing by leaps and bounds with a record number of shows now being published, and an ever growing user base using their publishing platform. They have also signed a content licensing and advertising deal with YouTube, that will allow them to launch their own branded channel, and will allow them to share in a portion of all ad revenues generated from the channel.

As with any business, it is always wonderful to see such growth, but maintaining such an explosive amount can be difficult for a company. Wizzard Media do seem to be on the right track, though, and if they keep on this pace - which is also highlighted by strong consumption of its hosted content in Canada, Great Britain, China, and to a lesser extent Japan and Germany - we will be writing about them quite a bit more in future.

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