Zedge, Inc. Announces First Quarter Fiscal 2025 Results

Zedge, Inc. (NYSEAMERICAN: ZDGE) recently released its financial outcomes for the first quarter of fiscal 2025, which concluded on October 31, 2024. The company showcased both positive and challenging aspects of its performance during this period.

In the fiscal report, it was highlighted that the Zedge Marketplace saw a notable increase in subscription revenue, rising by 21%. Zedge’s Premium GTV surged by 62%, underscoring the company’s success in this segment. Despite encountering obstacles in advertising revenue growth, the management remains optimistic about returning to a growth trajectory in upcoming quarters.

Jonathan Reich, Zedge’s CEO, expressed confidence in the underlying operational trends. He acknowledged the successes and obstacles faced by various segments within the company. Emojipedia’s remarkable revenue growth, up by 33%, was particularly celebrated, demonstrating its value within Zedge’s ecosystem.

Looking ahead, the company anticipates improved performance in the second quarter, driven by seasonal strength and overcoming key challenges from the initial quarter. Zedge underscores a commitment to innovation, especially through the integration of generative AI into its product range. The company aims to deepen user engagement and attract new users by incorporating innovative features.

Financially, the figures for the first quarter of fiscal 2025 compared to the previous fiscal year are as follows:
– Revenue increased by 1.6% to $7.2 million
– GAAP operating loss was ($0.5) million
– GAAP net loss and loss per share were ($0.3) million and ($0.02) respectively
– Non-GAAP net loss was ($0.0) million ($0.00)
– Adjusted EBITDA stood at $0.3 million
– Zedge Premium GTV increased by 61.6%, reaching $0.7 million

The company’s financial and operational metrics, including ARPMAU and subscription revenue, demonstrated a positive trajectory, reflecting Zedge’s efforts to drive growth and innovation across its business units.

Zedge announced a live earnings conference call to discuss these results and provide insights into its future strategies and outlook, emphasizing the importance of listener participation and engagement.

Investors and analysts continue to monitor Zedge’s progress and anticipate further updates on its growth and strategic initiatives in the coming quarters.

Please note that the financial data and statements mentioned are based on the latest information provided by Zedge, Inc. as part of its recently released fiscal report.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Zedge’s 8K filing here.

About Zedge

Zedge, Inc builds digital marketplaces and competitive games around content that people use to express themselves. It offers the Zedge Ringtones and Wallpapers app, a freemium digital content marketplace that provides a wide array of mobile personalization content, including mobile phone wallpapers, video wallpapers, ringtones, and notification sounds.