Categories AlphaGraphs, Earnings, Technology

Zedge (ZDGE) reports Q1 2024 earnings: Here’s everything you need to know

Content distribution platform Zedge, Inc. (NYSE American: ZDGE) has reported a modest increase in revenues for the first quarter of 2024. The company’s comprehensive loss narrowed in Q1.

Zedge Q1 2024 earnings infographic

Total revenues moved up 3% year-over-year to $7.1 million in the October quarter. At the end of the quarter, Zedge had around 28.5 million monthly active users.

The company reported a comprehensive loss of $0.38 million for the first quarter, compared to a loss of $0.43 million last year. On a per-share basis, it was breakeven in Q1, vs. a loss of $0.01 in the prior-year period.

“We have completed the global rollout of pAInt, our generative AI wallpaper maker, and launched pAInt’s print-on-demand feature immediately before Thanksgiving. Additionally, we benefited from redesigning Emojipedia’s website, as its enhanced site performance yielded much faster load times and continued optimization of the advertising experience,” said Jonathan Reich, chief executive officer of Zedge.

Prior Performance

  • Zedge Q1 2023 earnings infographic

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

Beyond Meat (BYND) Earnings: 4Q23 Key Numbers

Beyond Meat, Inc. (NASDAQ: BYND) reported net revenues of $73.7 million for the fourth quarter of 2023, down 7.8% year-over-year. Net loss was $155.1 million, or $2.40 per share, compared

AAP Infographic: Advance Auto Parts reports net loss for Q4 2023

Automotive parts retailer Advance Auto Parts, Inc. (NYSE: AAP) on Wednesday reported a net loss for the fourth quarter of 2023, compared to profit in the year-ago period. The company

Earnings: eBay’s Q4 2023 sales and earnings beat estimates

E-commerce platform eBay Inc. (NASDAQ: EBAY) on Tuesday reported financial results for the fourth quarter of 2023. Earnings and revenue topped expectations. Fourth-quarter revenues came in at $2.56 billion, compared

Add Comment
Viewing Highlight