Categories AlphaGraphs, Earnings, Technology

Everything you need to know about Zedge’s Q2 2023 results

Zedge, Inc. (NYSE American: ZDGE), a provider of digital publishing services, has reported a lower net profit for the second quarter of 2023, despite a modest increase in revenues.

Zedge Q2 2023 earnings infographic

Total revenues edged up 1% year-over-year to $6.98 million in the second quarter of 2023. At 32.2 million, the number of monthly active users was down 11% during the three-month period.

The company reported a comprehensive net income of $1.76 million or $0.11 per share for the January quarter, on an adjusted basis, compared to $2.1 million or $0.16 per share in the prior-year period.

Read management/analysts’ comments on quarterly results

“Our second quarter was a mixed one as we navigated geopolitical, economic, and industry-specific challenges, and we were not immune to the forces impacting gaming and other advertising-based business models,” said Jonathan Reich, chief executive officer of Zedge.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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