Categories AlphaGraphs, Earnings, Technology

Earnings: A snapshot of Zedge’s (ZDGE) Q1 2023 earnings

Zedge, Inc. (NYSE American: ZDGE), a provider of digital publishing services, has reported a 15% increase in first-quarter 2023 revenues, but the company’s bottom line slipped into the negative territory amid an increase in operating expenses.

Total revenues increased 15% year-over-year to $6.9 million in the first quarter of 2023. At 31.9 million, the number of monthly active users was down 6.7% during the three-month period.

The company reported a comprehensive loss of $0.43 million or $0.01 per share for the October quarter, on an adjusted basis, compared to a profit of $2.2 million or $0.14 per share in the prior-year period.

Read management/analysts’ comments on quarterly results

“The biggest divergence resulted from some advertisers optimizing user acquisition campaigns against different attributes resulting in lower spending in the Zedge App. The good news on that front is that spending by these advertisers improved by the end of the quarter,” said Jonathan Reich, chief executive officer of Zedge.

Prior Performance

  • Zedge Q3 2022 earnings infographic
  • Zedge Q2 2022 earnings infographic
  • Zedge Q3 2021 Earnings Infographic


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

WBA Earnings Preview: Will Walgreens’ Q3 report bring cheer to investors?

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has been facing challenges due to higher operating costs, rising competition, and an unfavorable retail environment. These factors have put pressure on the drugstore

Main points from Accenture’s (ACN) Q3 2024 earnings report

Shares of Accenture (NYSE: ACN) rose 6% on Thursday, following the company’s announcement of its third-quarter 2024 earnings results. Although revenue and profits missed expectations, the stock jumped after the

ACB Earnings: Aurora Cannabis reports narrower Q4 loss on higher revenues

Aurora Cannabis, Inc. (NASDAQ: ACB) on Thursday reported a net loss for the fourth quarter of 2024. The company’s revenues moved up 5% year-over-year during the quarter. The Canada-based recreational

Add Comment
Viewing Highlight