Zedge reports record Q1 revenue of $6.0M, net income $2.1M, EPS $0.14

Zedge, Inc.

2022-Q1 EPS reported $0.14 revenue$6,028,000

Total revenue up 60.2% YoY to $6.0M; advertising revenue $4.6M (+53.0%), subscription revenue $1.0M (+47.7%).
Net income of $2.1M ($0.14 diluted EPS) vs $1.0M ($0.08) a year ago; EBITDA $3.0M (+110.9%).
MAU up 5.6% to 34.2M; ARPMAU increased 46.4% to $0.053; active subscriptions grew 25.3% to 763K.
Zedge Premium GTV rose 58.2% to $0.33M; launching NFT product 'NFTs Made Easy' to select artists.
Management defers annual guidance update until after Q2 fiscal 2022 earnings report.

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