secwatch.observer — SEC 8-K summary
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Issuer:     Zedge, Inc. (ZDGE)
CIK:        0001667313
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0001213900-25-023201
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zedge Q2 FY25 revenue $7.0M (-10% YoY); GAAP net loss narrows to $1.7M; 22% workforce cut
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- Revenue $7.0M down 10.2% YoY; advertising revenue $4.7M (-14.3%) impacted by TikTok uncertainty.
- GAAP net loss ($1.7M), EPS ($0.12); Non-GAAP net loss ($0.2M), EPS ($0.01).
- Zedge Premium GTV up 26.5% to $0.7M; subscription revenue +13.3% to $1.2M; ARPMAU +8.6% to $0.078.
- Free cash flow $0.6M; repurchased 244,826 shares in Q2.
- Restructuring includes 22% global workforce reduction; expects ~$4M annualized cost savings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667313/000121390025023201/0001213900-25-023201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667313/000121390025023201/ea0234117-8k_zedge.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-023201

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