Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41508 LOOP MEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporat ...

Revenue and Growth - For the quarter ended December 31, 2022, revenue was $14,825,831, a 395% increase from $2,996,034 in the same quarter of 2021, primarily driven by more Loop Players deployed and the launch of the Partner Platform business [156]. - Quarterly Active Units (QAUs) reached 26,903, a 47% increase from 18,240 in the previous quarter, attributed to growth in ad-supported Loop Players and enhanced affiliate program efforts [139]. - Advertising revenue accounts for 94% of total revenue, which includes direct and programmatic advertising as well as sponsorships [202]. Profitability and Expenses - Cost of revenue for the quarter was $9,139,800, a 533% increase from $1,444,977 in the same quarter of 2021, driven by higher royalties and license fees due to increased business activities [159]. - Gross profit margin was $5,686,031, a 267% increase from $1,551,057 in the same quarter of 2021, with a gross profit margin percentage of approximately 38.4% compared to 51.8% in the prior year [160][161]. - Total operating expenses were $9,936,657, an increase of 68% from $5,909,680 in the same quarter of 2021, reflecting higher operational costs [155]. - Sales, General and Administrative Expenses rose to $7,958,135, up 82% from $4,360,684 in the same period last year [164]. - Payroll costs increased by 73% to $3,197,117, driven by higher headcount and commissions [164]. - Marketing costs surged 163% to $2,968,140, primarily due to increased advertising and customer acquisition efforts [164]. - Other expenses for Q4 2022 were $1,007,583, a significant increase of 1,287% from $84,879 in Q4 2021, mainly due to rising interest expenses [166]. Net Loss and Cash Flow - Net loss for the quarter was $5,259,439, a 23% increase from a net loss of $4,273,995 in the same quarter of 2021 [155]. - GAAP net loss for Q4 2022 was $5,259,439 compared to a net loss of $4,273,995 in Q4 2021 [169]. - Adjusted EBITDA for Q4 2022 was $(1,589,936), an improvement from $(2,498,571) in Q4 2021 [174]. - Cash balance as of December 31, 2022, was approximately $7,753,644, down from $14,071,914 at the beginning of the period [178]. - Net cash used in operating activities increased by 96% to $6,823,229 in Q4 2022, primarily due to the net loss and changes in operating assets and liabilities [179]. - The company incurred a net loss of $5,259,439 during the three months ended December 31, 2022, and used $6,823,229 of cash in operations, leading to an accumulated deficit of approximately $101,581,303 [195]. - The company has cash totaling $7,753,644 as of December 31, 2022, which is expected to fund operations for at least the next twelve months [197]. Financing and Debt - Future capital requirements indicate that existing cash will fund operations for at least twelve months, but additional capital may be needed as operations grow [184]. - As of December 31, 2022, the balance of the RAT Non-Revolving Loan, including accrued interest, was $2,235,441, compared to $2,301,260 as of September 30, 2022, with an interest expense of $224,105 for the three months ended December 31, 2022 [189]. - The Revolving Loan had a balance of $6,029,465 as of December 31, 2022, up from $4,587,255 as of September 30, 2022, with an interest expense of $358,171 for the three months ended December 31, 2022 [191]. - The Revolving Loan Agreement allows for an initial principal sum of up to $4,000,000, expandable to $10,000,000 through an accordion feature, with $5,973,001 borrowed as of December 31, 2022 [190]. - The company issued warrants for an aggregate of up to 209,522 shares of common stock under the RAT Non-Revolving Loan Agreement, with an exercise price of $5.25 per share [188]. - The company faces uncertainty regarding its ability to grow without additional financing, as future growth depends on selling services and generating cash from operations [196]. Strategic Outlook - The company anticipates challenges in digital ad spending continuing into 2023, despite benefiting from strong seasonal advertising related to the political election cycle in November 2022 [157]. - The Partner Platform business, launched in May 2022, is expected to contribute to revenue growth, although it carries a lower gross profit margin compared to the O&O Platform [161]. - The company plans to evaluate strategic transactions to acquire or license additional products and services, which may require additional financing [193]. Accounting and Tax - The company recognizes revenue from advertising when digital impressions are filled and advertisements are played, while sponsorship revenue is recognized ratably over the term of the sponsorship [204]. - Revenue from subscription content services is recognized straight-line over the term of the service, while hardware revenue is recognized at the point of delivery, with hardware sales being insignificant [214]. - The company recognizes deferred tax assets for deductible temporary differences and deferred tax liabilities for taxable temporary differences under ASC Topic 740 [212]. - Tax positions are recognized as a benefit only if they are "more likely than not" to be sustained in a tax examination, with no material uncertain tax positions reported for the periods presented [213]. - The adoption of ASU No. 2019-12 in Q1 2022 had no impact on the consolidated financial statements [215]. - ASU 2020-06, adopted on October 1, 2022, reduces the number of accounting models for convertible debt instruments, with no material impact as of December 31, 2022 [216].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☒ 1934 For the fiscal year ended September 30, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ Commission file number: 000-55591 LOOP MEDIA, INC. (Exact Name of Registrant as Specified in its Charter) Nevada 47-3975872 (State or Other Jurisdiction of Incorporation) (I.R.S Employer ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-55591 LOOP MEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporati ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q OR For the quarterly period ended March 31, 2022 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-55591 LOOP MEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporat ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation) (IRS Employer Identification Number) Nevada 47-3975872 700 N. Central Ave., Suite 430, For the quarterly period ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-55591 LOOP MEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporati ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-55591 LOOP MEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-55591 LOOP MEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (IRS Employer Identificat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-55591 LOOP MEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (IRS Empl ...