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

What to look for when Hormel Foods (HRL) reports Q4 2023 earnings

Shares of Hormel Foods Corporation (NYSE: HRL) were down over 1% on Monday. The stock has dropped 29% year-to-date. The food company is set to report its fourth quarter 2023 earnings

Kroger set to report Q3 results. Here’s everything you need to know

The Kroger Co. (NYSE: KR), a leading grocery retailer that operates both in-store and online, will be reporting earnings this week. The company, which is preparing to acquire rival retailer

Earnings Preview: Salesforce will likely deliver another strong quarter

Salesforce, Inc. (NYSE: CRM) achieved accelerated sales growth and profitability in recent quarters, in line with its transformation goal. The customer relationship management platform bets on new opportunities in generative

Add Comment
Viewing Highlight