and good you, Justis, afternoon, everyone. Thank
review results, we the variances everyone our quarter, commentary prior year's and specified. comparisons otherwise second all that financial fiscal to remind As I unless to want refer
March of approximately Partner active ended decrease December in we prior across of to to and represented quarter for X% versus on XX,XXX XXXX. XX,XXX Platform, quarter. XX,XXX prior a the XX, of XXXX, quarter end Loop XX,XXX a As last the across year This Loop year quarter which had our prior platform QAUs XX, of QAUs decrease Screens Players X.XX% QAUs our and O&O the the at our included
Screens or count December at XX, second the year end quarter, over Platform, or second XXX% and increase of approximately the XX% Our of Partner represented quarter a our our increase quarter an increase streams approximately the partner across ending of XX,XXX XX,XXX ago last increase X,XXX XXXX. Screens was Partner approximately an Partner over in
transition natural distribution prior of as to our 'XX, Players Loop maintain more advertising other reduced over venues, Our establishments. as period focus not from more grow distribution restaurants, as second geographies, distribution and and partners. replaced retail a stores, out-of-home more QAUs well plan robust to our including quarter locations convenience advertising immediately platform were a fiscal markets and bars designated QAU our that continue targeted desirable certain for time, and to believe us result was footprint model of a We this the attrition targeted as allow provide for of the to quarter-on-quarter to we will,
competition, and distribution markets in greater desirable the markets slower growth experience less more resulting compared markets. the generally as desirable those in to geographies of Many
increased forward be bill higher advertising a desirable more of associated to combination such, and advertising As well rates with impression growth and the revenue geographies. expect of QAUs CPMs markets we primary as going as drivers
Shifting to revenue.
revenue year demand was one decrease terms demand on XX, impact a by This of environment resulted XXXX $X which quarter the ending of material million, for ad for March changing or revenue. XXXX. with negative ad Our the fiscal in X challenging driven $X.X their to XXXX for participants publishers, ad XX% months of X market largest a due the primarily million the million of March a second partner our ad months $X.X business XX, approximately decrease was from ended
our frequency second the During new algorithms do calls demand ad historical not of XXXX, part same the changes from partners latter and of and those restored we integrated successfully the this ad although demand worked allow fiscal with of and fills. year demand their quarter participant, ad
result, this we a demand As we of the and ad participant do levels revenue not distribution until recognized experience to by same significantly unless absolute previously footprint. our expect increased
in XXXX as CTV revenue CTV XXXX in CPMs XXXX. of with partners second fiscal budgets fiscal and of advertising the and ending the ad XXXX, as fill our of ad be Finally, rates viewed for of compared from a platform Loop also that that view X can thus, DOOH ad XX, as was the XX, platform of ended generally to on higher demand months us year March the reduction the number the compared resolved X and budgets partners is quarter March significantly CTV ad months which as CTV our decrease quarter associated ad CTV second in sent, are budgets demand higher a year generally demand. to platform
$XXX,XXX, decrease from the XX, $X.X X of $X.X XXXX for XX, ending XXXX. for months was margin ended profit million a XX% million months gross Our March the March X or
revenues for profit These decrease fees was margin percentages. to gross XX, content primarily fees component be affect the incurred. our Our of Based from an ended our become to X decrease percentage X by negatively certain March XX.X% agreements margins, provide the license margin The of our ended reduced in March and sold on of minimum approximately of XX, which driven as revenues, decreased minimum XXXX goods profit license gross XXXX. percentage cost for was months revenue. a XX.X% gross compared months total added
$X.X sales, administrative was administrative expenses headcount and a $X.X from submissions general costs, decrease were to the XX% $X.X general and due in XXXX. primarily marketing or administrative Our fees, March months and million, expenses decrease of and stock for million the XXXX a ended The X X ended in sales, March sales professional XX, for compensation. reduction XX, months million
$X.X of $X.XX per the the XXXX fiscal million $X.X share of in in quarter loss to compared of a loss period or net loss net share was fiscal a loss Our a loss per XXXX. or for same $X.XX million second
XXXX EBITDA of in $X.X million fiscal million compared XXXX. Adjusted period for fiscal in same the a $X.X loss quarter a second to loss was the of
Cash December on to balance XX, XX, XXXX. Turning was $X.X million million on $X.X compared cash equivalents XXXX, our and March to sheet.
debt XX, March XXXX. had as $X $X.X of a As million XXXX, we of to million net of total XX, compared December
forward our like further for updates prepared remarks. next today. thank We look I'd providing concludes call. to on our listening to conference everybody This
Operator, you. back to
