1,119.9% increase in total revenue for the three months ended June 30, 2024 as compared to the three months ended June 30, 2023;
384.3% increase in advertising revenue as compared to Q2 2023 with advertising revenue of $2,860,470 for the six-months period ended June 30, 2024 (162.7% increase);
41.3% increase in subscriptions revenue as compared to Q2 2023 with subscription revenue of $604,607 for the six-months period ended June 30, 2024 (39.6% increase);
Ended the quarter with total cash, cash equivalents, and investments of $44,373,956.
Toronto, Ontario--(Newsfile Corp. - August 9, 2024) - EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) (FSE: 8EK0) ("EarthLabs" or the "Company") is pleased to announce the unaudited consolidated financial results for three and six months ended June 30, 2024 of the Company (the "Financial Results").

Highlights for the three-months period ended June 30, 2024:

Advertising revenue of $1,444,784 as compared to $298,320 for the three months ended June 30, 2023, an increase of 384.3%;
Subscription revenue of $300,734 as compared to $212,772 for the three months ended June 30, 2023, an increase of 41.3%;
Net investment loss of $427,144 from our investment portfolio as compared to $693,821 for the three months ended June 30, 2023;
Net loss and comprehensive loss of $1,962,457 (basic loss per share of $0.01) as compared to $1,801,140 (basic loss per share of $0.01) for the three months ended June 30, 2023.

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https://www.newsfilecorp.com/release/219269/