Zedge Reports Q3 Revenue of $8M

Reports Q3 revenue $8M vs. $7.8M last year. The company said, "In our third quarter, we continued to demonstrate that the core Zedge Marketplace business is resilient and becoming more efficient. Subscription revenue grew 32% year over year, and active subscriptions reached nearly 1.3 million, both continuing a multi-quarter trend. ARPMAU increased 21%, and Zedge Premium GTV increased 17%, reflecting the benefits of our ongoing focus on acquiring and retaining higher-value users. While total advertising revenue declined year over year, that decline was entirely attributable to Emojipedia, which we are managing for overall return in light of Google's changes to its search results page. Within the Zedge Marketplace, advertising revenue was essentially flat year over year, a resilient result given that the prior year benefited from a one-time integration bonus from an ad platform partner. Encouragingly, iOS revenue within the Zedge Marketplace grew 35% year over year, reinforcing our message that, as we attract and monetize higher-value users in premium markets, the quality of our revenue continues to improve. On the DataSeeds.AI front, I am excited to report that we fulfilled our first six-figure order this quarter stemming from an existing customer relationship with a leading technology company. At the same time, we are beginning to see interest from new prospects, which strengthens our confidence in this offernig. This milestone reflects our growing capacity to deepen customer relationships and scale production. While revenue remains lumpy at this stage, successfully delivering projects of this size, on spec and within tight timeframes, is a necessary capability for DataSeeds' future growth."