Subscription Form
?php echo do_shortcode('[gtranslate]'); ?

ZDGE Earnings: Zedge turns to revenue in Q3 on sturdy income development

ZDGE Earnings: Zedge turns to profit in Q3 on strong revenue growth

Content material distribution platform Zedge, Inc. (NYSE: ZDGE) reported revenue for the third quarter of 2021, in comparison with a loss final 12 months, as revenues greater than doubled year-over-year. The corporate’s inventory gained Thursday night quickly after the announcement.

Third-quarter web revenue was $1.9 million or $0.13 per share, which marked an enchancment from final 12 months’s lack of $0.3 million or $0.03 per share. Analysts had forecast a decrease revenue for the newest quarter.

Driving the turnaround, revenues greater than doubled to $5.25 million and topped Wall Avenue’s expectations.

Learn administration/analysts’ feedback on Zedge’s Q3 earnings

Zedge’s shares rose 45% since final month and closed Thursday’s common session greater. The inventory gained additional throughout prolonged buying and selling, instantly after the announcement.

(this story shall be up to date shortly)

Related Posts