Zedge reports Q3 EPS 3c vs. 2c last year

Reports Q3 revenue $7.7M vs. $6.7M last year. “Revenue growth accelerated from last quarter as advertising and subscription revenue showed strong growth across Zedge Marketplace’s Android and iOS offerings,” said Jonathan Reich, Zedge’s chief executive officer. “I’m especially encouraged that we followed up record quarterly revenue in Q2 with record Q3 revenue and that we did not see the customary post-holiday hangover. Our work to optimize our advertising stack continues to pay off, and iOS subscription revenue was up more than 11% sequentially. When combined with record Zedge Premium Gross Transaction Value1, which was up more than 44% from last year, we achieved record ARPMAU1with 40% year-over-year growth.”