Zedge Q1 revenue up 14.5% to $6.9M but net loss of $0.2M with adjusted EBITDA down 71%

Zedge, Inc.

2023-Q1 EPS reported -$0.01 revenue$6,900,000

Revenue $6.9M (+14.5% YoY); net loss $0.2M vs net income $2.1M a year ago; diluted EPS -$0.01.
Adjusted EBITDA $1.0M (-71% YoY); operating loss $0.2M vs operating income $2.6M in prior year.
Advertising revenue fell 13.4% to $4.0M; gaming revenue rose to $1.3M (from $0) on GuruShots contribution.
MAU decreased 6.7% to 31.9M; ARPMAU edged up 0.8% to $0.054; active subscriptions down 11.7% to 674K.
Introduced 'pAInt' AI wallpaper generator in Zedge App; users created >150K images; GuruShots synergies underway.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Zedge, Inc. reported first quarter fiscal year 2023, ended October 31, 2022 results: revenue $6.9 million, net income ($0.2) million, EPS ($0.01).

Period: first quarter fiscal year 2023, ended October 31, 2022
Revenue: $6.9 million
Net income: ($0.2) million
EPS: ($0.01)
Result: reported results

Exact text from the filing

First Quarter Highlights Financial (fiscal 2023 compared to fiscal 2022) ● Revenue increased 14.5% to $6.9 million; ● Net loss and loss per share of ($0.2) million and ($0.01), respectively;

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Source: SEC EDGAR

accession 0001213900-22-079503

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