Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Zedge sees increase in app downloads and monthly active users in its fiscal third quarter

Wednesday, June 13, 2018 13:49
% of readers think this story is Fact. Add your two cents.

Zedge Inc (NYSE:ZDGE) announced its fiscal third-quarter earnings, reporting a double-digit increase in app downloads.

The mobile-content platform reported a loss of US$0.03 per share on revenue of US$2.55mln compared with a loss of US$0.02 per share on revenue of US$2.53mln in the previous year’s third quarter.

The platform allows smartphone users to personalize their phones with ringtones, wallpapers, app icons and notification sounds.

“Q3 2018 was a mixed bag for us. On the upside, Zedge Premium, our marketplace for digital content, shows early promising potential. Even without aggressive promotion or deep product integration, usage and conversion rates are outpacing our expectations,” said CEO Tom Arnoy.

In the last 30 days of the quarter, its monthly active users increased nearly 8% to 34.2 million compared with 31.7 million in the previous year’s third quarter.

App installations increased nearly 24% to 321.5 million from 260.4 million.

Multi-platinum artist Nicki Minaj will be using Zedge Premium to promote her new music during her upcoming world tour.

Shares of the New York-based company were up less than 1% to US$4.22 in Wednesday after-hours trading.

Story by ProactiveInvestors


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question Razz Sad Evil Exclaim Smile Redface Biggrin Surprised Eek Confused Cool LOL Mad Twisted Rolleyes Wink Idea Arrow Neutral Cry Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.