---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-095388"
form_type: "8-K"
ticker: "ZDGE"
cik: "0001667313"
company_name: "Zedge, Inc."
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:31:12.964703+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Zedge Q1 revenue up 2.6% to $7.1M; GAAP op income $0.3M vs loss; Adj EBITDA +61% to $1.5M

## Summary
- GAAP operating income $0.3M vs loss of $0.2M; net loss near zero vs $0.2M loss YoY.
- Adjusted EBITDA $1.5M, up 60.8%; margin 21.7% vs 13.8% YoY.
- ARPMAU record $0.063, up 17% YoY; MAU 28.5M (-10.7%), active subs 648K (-3.8%).
- Zedge Premium GTV $0.42M (+35%); advertising revenue $4.9M (+10%).
- Debt-free after paying off remaining term loan principal in mid-November.

## SEC filing metadata
- accession: 0001213900-23-095388
- form_type: 8-K
- ticker: ZDGE
- cik: 0001667313
- company_name: Zedge, Inc.
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1667313/000121390023095388/0001213900-23-095388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1667313/000121390023095388/ea189975-8k_zedgeinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-095388
- JSON: https://secwatch.observer/filing/0001213900-23-095388.json
- Plain text: https://secwatch.observer/filing/0001213900-23-095388.txt

## Key facts
- Earnings Releases
  Zedge, Inc. reported first quarter fiscal 2024, ended October 31, 2023 results: revenue $7.1, net income $(0.0), EPS $(0.00).
  - Period: first quarter fiscal 2024, ended October 31, 2023
  - Revenue: $7.1
  - Net income: $(0.0)
  - EPS: $(0.00)
  - Result: reported results
  source text: Transaction Value 1 , or GTV, increased 35.0% to $0.42 million. First Quarter Select Financial Metrics: FY24 versus FY23* (in $M except for EPS) Q124 Q123 Change Total Revenue $ 7.1 $ 6.9 2.6 % Advertising Revenue $ 4.9 $ 4.5 10.0 % Digital goods and services $ 0.9 $ 1.3 -29.0 % Subscription Revenue $ 1.0 $ 0.9 9.5 % Other Revenue $ 0.2 $ 0.2 17.6 % GAAP
  evidence_url: https://www.sec.gov/Archives/edgar/data/1667313/000121390023095388/0001213900-23-095388-index.htm

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