---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-020317"
form_type: "8-K"
ticker: "ZDGE"
cik: "0001667313"
company_name: "Zedge, Inc."
filed_at: "2023-03-15T23:59:59+00:00"
generated_at: "2026-06-18T02:08:43.199378+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Zedge Q2 revenue flat at $7M; net income falls 31% to $1.6M, announces cost cuts

## Summary
- Revenue $7.0M, up 1% YoY; net income $1.6M ($0.11 diluted EPS) vs $2.3M ($0.16) a year ago.
- Adjusted EBITDA $1.4M, down 63% from $3.9M; advertising revenue fell 19% to $4.6M.
- Digital goods/services revenue $1.2M (from $0) driven by gaming; subscription revenue down 8.3%.
- MAU declined 11.3% to 32.2M; active subscriptions fell 14.2% to 654,000.
- Announced $2.5-$3.0M annualized cost savings plan; management cites macro headwinds and Apple ATT impact.

## SEC filing metadata
- accession: 0001213900-23-020317
- form_type: 8-K
- ticker: ZDGE
- cik: 0001667313
- company_name: Zedge, Inc.
- filed_at: 2023-03-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1667313/000121390023020317/0001213900-23-020317-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1667313/000121390023020317/ea175253-8k_zedge.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-020317
- JSON: https://secwatch.observer/filing/0001213900-23-020317.json
- Plain text: https://secwatch.observer/filing/0001213900-23-020317.txt

## Key facts
- Earnings Releases
  Zedge, Inc. reported second quarter fiscal year 2023, ended January 31, 2023 results: revenue $7.0 million, net income $1.6 million, EPS $0.11.
  - Period: second quarter fiscal year 2023, ended January 31, 2023
  - Revenue: $7.0 million
  - Net income: $1.6 million
  - EPS: $0.11
  - Result: reported results
  source text: positioning the business for profitable growth as conditions improve.” Second Quarter Highlights Financial (fiscal 2023 compared to fiscal 2022) ● Revenue increased 1.0% to $7.0 million; ● Net income and earnings per share of $1.6 million and $0.11, respectively; ● Adjusted EBITDA of $1.4 million; ● Zedge Premium Gross Transaction Value (GTV) 2 increased 1.0% to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1667313/000121390023020317/0001213900-23-020317-index.htm

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