Zedge reports Q3 EPS 6c vs. 3c last year

Reports Q3 revenue $7.8M vs. $7.7M last year. Jonathan Reich, Zedge’s (ZDGE) CEO, commented: “Our core business demonstrated strong momentum, driving a return to revenue growth in Q3 and highlighting its resilience despite the impact on the ad market resulting from TikTok’s temporary U.S. ban and tariff-related uncertainty that caused macroeconomic volatility. We generated $0.8 million in free cash flow, despite approximately $1.0 million of certain payments – primarily severance related to our restructuring and the first portion of the final installment of the retention bonus stemming from the 2022 GuruShots acquisition. On a sequential basis our cash and cash equivalents balance at the end of the quarter increased to $20.4 million, even after repurchasing approximately 220,000 shares in Q3 for roughly $536,000.”