Zedge reports 13.8% revenue growth to $7.7M; GAAP net income turns positive

Zedge, Inc.

2024-Q3 EPS reported -$0.65 revenue$22,510,000

Revenue of $7.7M, up 13.8% YoY; subscription revenue up 34.9% to $1.1M.
GAAP net income $0.1M ($0.01 diluted EPS) vs ($7.7M) loss in Q3'23 which included $8.7M writedown.
Non-GAAP net income $0.5M ($0.03 EPS) up 59.7%; Adjusted EBITDA $0.9M down from $1.7M.
Zedge Premium GTV up 44.4% to $0.59M; ARPMAU up 39.7% to $0.074 despite MAU fall 13.4% to 27.7M.
CEO cites record Q3 revenue, iOS growth; expects strong momentum into fiscal 2025.

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