Strong Subscription Growth
Active subscriptions reached a record 1.1 million, up more than 50% year-over-year, driving revenue growth in the Zedge marketplace.
Return to Revenue Growth
Total revenue for the first quarter was $7.6 million, up 5.8% from the previous year, marking a return to mid-single-digit revenue growth.
DataSeeds Expansion
DataSeeds received a significant new order from an existing customer in the AI sector, 25 times the value of the original order. The pipeline remains robust with growing interest from world-class companies.
Zedge Plus Subscription Revenue Increase
Zedge Plus subscription revenue increased 29% year-over-year, highlighting successful optimization of subscription plans.
Improved Financial Performance
GAAP income from operations was $0.9 million compared to a loss of $0.5 million last year, and adjusted EBITDA for the quarter was $1.2 million versus $0.3 million last year.