Grom Social Enterprises Q1 2024 Earnings Results & Report

Grom Social Enterprises EPS Results

• Actual EPS: -$1.47
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Grom Social Enterprises Revenue Results

• Actual Revenue: $870 thousand
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Grom Social Enterprises (NASDAQ:GROM) (NASDAQ:GROM) is a media and technology company focused on creating digital products and entertainment for children and families. Its flagship platform, Grom Social, is a moderated social networking service designed to provide children with a safer online environment. The platform offers social interaction, games, videos and other age-appropriate content, with parental oversight and safety features.

The company also develops and distributes children’s entertainment through digital and streaming channels, including animated and educational programming. Through its education-focused operations, Grom provides tools intended to help schools and families monitor and manage children’s internet use, promote online safety and support responsible digital behavior.

Grom has historically expanded its business through operations serving the children’s media and animation markets, including Top Draw Animation, an animation studio based in the Philippines that has worked with international entertainment clients. The company was founded by Darren Marks and his son Zach Marks; Darren Marks has served as chief executive officer, while Zach Marks is recognized as the founder of Grom Social. Its services and content are primarily directed at audiences in the United States, with animation and production activities supporting clients internationally.