Q3 2023 Loop Media Inc Earnings Call Transcript

Aug 08, 2023 / 09:00PM GMT
Operator

Hello. My name is Christa, and I will be the conference operator today. At this time, I would like to welcome everyone to the Loop Media (technical difficulty) 2023 Earnings Conference Call. (Operator Instructions) Thank you.

I will now turn the call over to Jon Niermann, Loop CEO; and Neil Watanabe, CFO. You may begin.

Jon M. Niermann - Loop Media, Inc. - President, CEO & Director

Thank you, and good afternoon, everyone. In May, we provided a forecast of our Q3 results. Today, we can announce that we surpassed those forecasts across the board. In an effort to avoid redundancy during this call, our CFO Neil will take you through our financial results. From my part of the call, I would like to set the table on the challenges we faced and what we believe the road ahead looks like.

As previously disclosed in our public filings, we experienced headwinds in the digital programmatic ads market beginning in the second half of our fiscal Q1 that ended in December 31, '22, and that has continued through our fiscal Q3 ending in June. Thus, the

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