secwatch.observer — SEC 8-K summary
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Issuer:     Zedge, Inc. (ZDGE)
CIK:        0001667313
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0001213900-22-079503
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667313/000121390022079503/0001213900-22-079503-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667313/000121390022079503/ea170107-8k_zedgeinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-079503

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer