earnings
confidence high
sentiment neutral
materiality 0.70
Zedge Q3 FY2022 revenue up 19% to $6.2M; net income falls 67%; Adj. EBITDA +22%
Zedge, Inc.
2022-Q3 EPS reported
$0.35
revenue$19,173,000
- Revenue $6.2M (+18.6% YoY); net income $0.8M (-67%); diluted EPS $0.05 vs $0.17.
- Adjusted EBITDA $2.9M (+21.8%); cash flow from ops $5.6M incl $2M AppLovin payment.
- GuruShots acquisition closed Apr 12; minimal Q3 revenue; benefits expected FY2023.
- MAU down 7% to 32.1M; active subs down 5% to 713K; Zedge Premium GTV +63% to $0.41M.
- FY2022 guidance: revenue growth >30%; expects Adj. EBITDA growth despite GuruShots losses.