Zedge Inc ( (ZDGE) ) has released its Q3 earnings. Here is a breakdown of the information Zedge Inc presented to its investors.
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Zedge Inc., a prominent player in digital marketplaces and interactive games, offers a platform for creativity, self-expression, and community engagement through its diverse product offerings, including mobile content and photography games.
In its third quarter fiscal 2025 earnings report, Zedge Inc. reported a return to revenue growth despite challenges such as the TikTok ban in the U.S. The company also launched DataSeeds.AI, a new initiative aimed at creating B2B revenue opportunities through AI training sets.
Key financial highlights include a 1.3% increase in revenue to $7.8 million, a 63.7% rise in GAAP net income to $0.2 million, and a 46% increase in adjusted EBITDA to $1.2 million. The company also saw a significant increase in active subscribers, reaching nearly 900,000, and a 13% rise in subscription revenue.
Looking forward, Zedge’s management remains optimistic about continued momentum in its core business and the financial benefits of its global restructuring efforts. The company is also focused on expanding its DataSeeds.AI marketplace and introducing new features to enhance user engagement across its platforms.