Zedge announces second quarter fiscal 2025 results

Zedge marketplace active subscribers and subscription revenue increased 22% and 13%, respectively zedge marketplace arpmau1 increased 9% zedge premium gtv1 increased 27% free cash flow2 of $0.6 million 10% year-over-year revenue decline was mainly related to uncertainty in tiktok's u.s pre-ban status and its temporary removal from app stores announced restructuring activities, including 22% global workforce reduction, which along with other items are anticipated to save approximately $4 million in annualized costs and increase profits and free cash flow new york, ny / access newswire / march 12, 2025 / zedge, inc. (nyse american:zdge), $zdge, a leader in digital marketplaces and interactive games that provides content, enables creativity, empowers self-expression and facilitates community, today announced results for its second quarter fiscal 2025, ended january 31, 2025. jonathan reich, zedge's ceo, commented: "this quarter's 10% year-over-year revenue decline was primarily driven by: the material pullback in tiktok's u.s. ad spend resulting from its potential ban in the u.s., lower mau and the ongoing drag from gurushots on our overall revenue growth and profitability, all of which we are actively addressing.
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