---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-048152"
form_type: "8-K"
ticker: "ZDGE"
cik: "0001667313"
company_name: "Zedge, Inc."
filed_at: "2023-06-12T23:59:59+00:00"
generated_at: "2026-06-14T02:58:14.235377+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Zedge Q3 revenue up 8% to $6.7M but net loss $7.7M on $8.7M goodwill impairment

## Summary
- GAAP net loss $7.7M ($0.55 EPS) includes $8.7M non-cash goodwill impairment; Adjusted EBITDA $1.7M, -40.5% YoY.
- Revenue $6.7M, +8% YoY; advertising revenue $4.6M (-5.6%), digital goods and services $1.1M (+270%).
- Zedge MAU flat at 32M; ARPMAU $0.053 flat YoY; Active subscriptions 631K, -11.5%.
- GuruShots impacted by Apple ATT; new AI art game in soft launch; Emojipedia revenue growth 93% YoY.
- Cash flow from operations $1.6M, down 71.2% from $5.6M a year ago.

## SEC filing metadata
- accession: 0001213900-23-048152
- form_type: 8-K
- ticker: ZDGE
- cik: 0001667313
- company_name: Zedge, Inc.
- filed_at: 2023-06-12T23:59:59+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/1667313/000121390023048152/0001213900-23-048152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1667313/000121390023048152/ea180184-8k_zedge.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-048152
- JSON: https://secwatch.observer/filing/0001213900-23-048152.json
- Plain text: https://secwatch.observer/filing/0001213900-23-048152.txt

## Key facts
- Earnings Releases
  Zedge, Inc. reported its third quarter fiscal year 2023, ended April 30, 2023 results: revenue $6.7 million, net income ($7.7) million, EPS ($0.55).
  - Period: its third quarter fiscal year 2023, ended April 30, 2023
  - Revenue: $6.7 million
  - Net income: ($7.7) million
  - EPS: ($0.55)
  - Result: reported results
  source text: continue delivering the high-margin growth we expected when acquiring it. Third Quarter Highlights Financial (fiscal 2023 compared to fiscal 2022) ● Revenue increased 8.0% to $6.7 million; ● GAAP net loss and loss per share of ($7.7) million and ($0.55), respectively; o GAAP net loss included an ($8.7) million goodwill impairment charge related to acquisitions;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1667313/000121390023048152/0001213900-23-048152-index.htm

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