Business
Zedge Announces Third Quarter Fiscal 2025 Results
Active subscribers1 increased 37% to a record of nearly 900,000; subscription revenue increased 13% Cash flow from operations of $0.9 million; Free cash flow2 of $0.8 million after ~$1.0 million of payments mainly related to the global restructuring ...
About this update from Zedge, Inc.
[{"type":"text","content":"Active subscribers1 increased 37% to a record of nearly 900,000; subscription revenue increased 13%","length":99,"tagName":"p"},{"type":"text","content":"Cash flow from operations of $0.9 million; Free cash flow2 of $0.8 million after ~$1.0 million of payments mainly related to the global restructuring and the tail end of the GuruShots retention bonus","length":199,"tagName":"p"},{"type":"text","content":"Revenue returned to growth despite the TikTok ban in the U.S. at the start of the quarter","length":89,"tagName":"p"},{"type":"text","content":"Launched DataSeeds.AI, a new content marketplace initiative for AI training sets, creating B2B revenue opportunities","length":116,"tagName":"p"},{"type":"text","content":"NEW YORK, NY / ACCESS Newswire / June 12, 2025 / Zedge, Inc. (NYSE American:ZDGE), $ZDGE, a leader in digital marketplaces and interactive games that provide content, enable creativity, empower self-expression and facilitate community, today announced results for its third quarter fiscal 2025, ended April 30, 2025.","length":316,"tagName":"p"},{"type":"text","content":"Jonathan Reich, Zedge's CEO, commented:","length":43,"tagName":"p"},{"type":"text","content":""Our core business demonstrated strong momentum, driving a return to revenue growth in Q3 and highlighting its resilience despite the impact on the ad market resulting from TikTok's temporary U.S. ban and tariff-related uncertainty that caused macroeconomic volatility.","length":278,"tagName":"p"},{"type":"text","content":""We generated $0.8 million in free cash flow, despite approximately $1.0 million of certain payments - primarily severance related to our restructuring and the first portion of the final installment of the retention bonus stemming from the 2022 GuruShots acquisition. On a sequential basis our cash and cash equivalents balance at the end of the quarter increased to $20.4 million, even after repurchasing approximately 220,000 shares in Q3 for roughly $536,000.","length":467,"tagName":"p"},{"type":"text","content":""On the bottom line, we saw meaningful year-over-year and quarter-over-quarter improvements in GAAP and non-GAAP net income and EPS2, and adjusted EBITDA2, as the cost savings from our global restructuring began to take hold. This performance was especially notable, as our headline results were partially masked ...