05:23 PM EDT, 03/26/2024 (MT Newswires) -- Kidoz Inc. ( KDOZF ) , announced Tuesday its unaudited Q4 2023 financial result summary and a brief annual corporate update, featuring US$6 million in fourth quarter revenue.

Q4 grew compared to Q3 2023 total revenue, which was US$2.8 million; Q4 advertising revenue of US$5.3 million showed 115% growth over Q3 ad revenues of US$2.4 million; and Q4 Programmatic Revenue of US$652,000 had a growth of 162% over Q3's US$248,546.

Kidoz Inc. ( KDOZF ) is the mobile AdTech developer and owner of the market-leading Kidoz Contextual Ad Network (www.kidoz.net), the Kidoz ( KDOZF ) Publisher SDK and Kidoz COPPA Shield.

According to a company statement, the fourth quarter started strongly, with many advertisers active on the Kidoz ( KDOZF ) platform. The growth began to decline after Thanksgiving in the U.S., and the fourth quarter ended at a slower pace.

The slow down at the end of the quarter "hinted that we might face a challenging start in fiscal year 2024," stated a company press release. "In spite of the slow down at the end of the year, the early strong performance in the fourth quarter contributed positively to our revenue and helped us keep our balance sheet strong despite the difficulties of 2023."

"Management is pleased with the company's strong performance in the fourth quarter after challenges earlier in the year," said Jason Williams, Kidoz ( KDOZF ) CEO, in a statement. "Kidoz ( KDOZF ) continues to make great strides in the advancement of our technology and innovations in our tools and processes which enables the company to differentiate itself from the competition and capture a large share of the mobile brand and performance advertising market directed at kids and families."