Categories AlphaGraphs, Earnings, Technology

ZDGE Earnings: Zedge turns to profit in Q3 on strong revenue growth

Content distribution platform Zedge, Inc. (NYSE: ZDGE) reported profit for the third quarter of 2021, compared to a loss last year, as revenues more than doubled year-over-year. The company’s stock gained Thursday evening soon after the announcement.

Zedge Q3 2021 Earnings Infographic

Third-quarter net income was $1.9 million or $0.13 per share, which marked an improvement from last year’s loss of $0.3 million or $0.03 per share. Analysts had forecast a lower profit for the latest quarter.

Driving the turnaround, revenues more than doubled to $5.25 million and topped Wall Street’s expectations. The company had 34.5 million active users at the end of the quarter.


Read management/analysts’ comments on Zedge’s Q3 earnings


Zedge’s shares rose 45% since last month and closed Thursday’s regular session higher. The stock gained further during extended trading, immediately after the announcement.

Prior Performance

  • Zedge earnings Q2 2021

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

Most Popular

NFLX Stock: What the slowdown in subscriber growth means for Netflix

When online platforms thrived on the unusually strong traffic growth during the shutdown, as home-bound people turned to video-streaming and gaming sites, there was speculation that the trend might reverse

FAST Stock: Fastenal’s long-term prospects intact. Should you invest now?

Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ:

Netflix (NFLX) adds 8.3 million new subscribers in Q4: earnings beat estimates

Netflix, Inc. (NASDAQ: NFLX) Thursday said it added 8.3 million paid members in the December quarter. Revenues increased and matched estimates, aided by the relaxation of COVID restrictions and resumption

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top