10-Q · March 16, 2026
Zedge reported quarterly revenue of $8,254,000, up 18.3% year-over-year, driven by strength in advertising and subscriptions. Despite top-line growth and positive operating cash flow, the company recorded a non-cash…
Earnings analysis · 10-Q
ZDGE earnings analysis
Filed June 12, 2026 · Our reading of the company's report
The latest report
Zedge, Inc. reported Q3 fiscal 2026 results with revenue of $7.99 million, reflecting a 3% increase year-over-year, and EPS of $0.07, surpassing expectations by 40%. Strong growth in subscription revenue, which rose by…
Read full summary
Zedge, Inc. reported Q3 fiscal 2026 results with revenue of $7.99 million, reflecting a 3% increase year-over-year, and EPS of $0.07, surpassing expectations by 40%. Strong growth in subscription revenue, which rose by 31.9%, contrasts with a decline in advertising revenue, highlighting management's dual focus on monetization and user engagement despite underlying challenges.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.07
- Segment
- Zedge Marketplace Advertising
- Segment
- Zedge Marketplace Paid Subscription
- Segment
- GuruShots Digital Goods and Services
What stood out
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Revenue Beats Expectations
Actual revenue reached $7.99 million, beating estimates of $7.008 million by 14%.
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Strong EPS Growth
Reported EPS of $0.07, compared to $0.05 expected, representing a 40% surprise.
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Significant Subscription Revenue Growth
Subscription revenue soared by 31.9% year-over-year, driving overall revenue trends.
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Improved Operational Profit
Income from operations increased to $1.07 million from $0.16 million, up 571.3% year-over-year.
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Control of SG&A Costs
Selling, general and administrative expenses decreased by 1.7% year-over-year, reflecting cost efficiencies.
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Cash Flow Position Strengthened
Operating cash flows were $2.90 million for the nine months, up from $2.75 million a year ago.
What to watch
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Declining Advertising Revenue
Advertising revenue fell 4.0% to $5.36 million, impacted by higher competition and a 53% decline in Emojipedia's revenue.
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Decreased Active Users
Monthly Active Users (MAU) for Zedge App decreased 11.3% to 19.6 million compared to last year.
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GuruShots Performance Challenges
GuruShots revenue fell 12.4% year-over-year due to a 37.7% drop in Monthly Active Payers.
Management's outlook
Projected revenue for Q4 is $7.5M-$8M; EPS guidance is $0.05-$0.07.
Earlier filings 4
10-Q · December 12, 2025
Zedge reported revenue of $7.61 million for the three months ended October 31, 2025, up $416,000 (5.8%) versus the prior-year quarter, and delivered operating income of $914,000 vs an operating loss of $457,000 a year…
10-K · October 29, 2024
Zedge positions itself as a freemium digital-content marketplace + gamified creator ecosystem, highlighting a 26.1 million MAU base and near 674 million lifetime installs while pursuing revenue diversification…
10-Q · March 15, 2024
Zedge reported quarterly revenue of $7,771,000 (up from $6,983,000 a year ago) but swung to a net loss of $9,230,000 (vs. net income $1,606,000 prior year), driven largely by an $11,958,000 intangible-asset impairment…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.