ZDGE - Zedge beats FQ1 on strong advertising and subscription revenue

Backed by strong advertising and subscription revenue, Zedge (NYSE:ZDGE) FQ1 reported a 60.2% surge in overall revenue to ~$6M, beats consensus by $0.77M. Active subscriptions and subscription revenue increased 25.3% and 47.7%, respectively. Operating income and operating margin of $2.6M and 42.9% versus $1.1M and 29.1%, respectively. Cash flow from operations increased 81.2% to a record $2.7M. EBITDA increased 110.9% to $3.0M Monthly active users increased by 5.6%. Zedge Premium GTV increased 58.2% to $0.33M. GAAP EPS of $0.14, beats consensus by $0.04. "We experienced strong performance in both our core and emerging businesses despite tougher year-over-year comps," said Jonathan Reich, CEO. "Advertising revenue continued to expand to record levels, while active subscriptions returned to modest sequential growth and average revenue per monthly active user increased by over 46%. Our emerging businesses also performed well with the Zedge Premium marketplace experiencing gross transaction value growth of 58%. The stock has a market cap of $132M and has gained about 64% over

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Zedge beats FQ1 on strong advertising and subscription revenue