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.