---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-079503"
form_type: "8-K"
ticker: "ZDGE"
cik: "0001667313"
company_name: "Zedge, Inc."
filed_at: "2022-12-13T23:59:59+00:00"
generated_at: "2026-06-21T05:27:58.152195+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-22-079503
- form_type: 8-K
- ticker: ZDGE
- cik: 0001667313
- company_name: Zedge, Inc.
- filed_at: 2022-12-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1667313/000121390022079503/0001213900-22-079503-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1667313/000121390022079503/ea170107-8k_zedgeinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-079503
- JSON: https://secwatch.observer/filing/0001213900-22-079503.json
- Plain text: https://secwatch.observer/filing/0001213900-22-079503.txt

## Key facts
- Earnings Releases
  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
  source text: 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;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1667313/000121390022079503/0001213900-22-079503-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.