Quarterly ResultJun 12, 2026, 04:22 PM
Zedge Q3 Net Income $0.93M; Emojipedia Impairment $3.7M
AI Summary
Zedge, Inc. reported a significant increase in net income for the three months ended April 30, 2026, reaching $0.93 million, up from $0.19 million in the prior year. This was driven by a 3% rise in revenue to $7.99 million. For the nine-month period, the company recorded a net loss of $0.58 million, which included a $3.7 million non-cash impairment charge related to Emojipedia intangible assets due to changes in Google's SERP and AI platform impacts. The company also saw an increase in cash and cash equivalents and amended its stock incentive plan.
Key Highlights
- Net income for Q3 2026 increased to $0.93 million from $0.19 million in Q3 2025.
- Total revenue for Q3 2026 rose 3% to $7.99 million from $7.76 million year-over-year.
- Basic EPS for Q3 2026 was $0.07, up from $0.01 in the prior year quarter.
- Nine-month net loss improved to $0.58 million from $1.83 million in 2025.
- Recorded a $3.7 million non-cash impairment charge on Emojipedia intangible assets.
- Zedge Marketplace Q3 revenue was $7.48 million, with paid subscriptions up 32% to $1.68 million.
- Cash and cash equivalents stood at $19.69 million as of April 30, 2026.
- Board increased shares available for awards under 2016 Incentive Plan by 150,000.
Price Impact
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