Zedge, Inc. reported its financial results for the first quarter fiscal 2025, ending October 31, 2024. The company announced a 21% increase in Zedge Marketplace subscription revenue year-over-year.
Zedge Marketplace Average Revenue Per Monthly Active User (ARPMAU) grew by 22%, and Zedge Premium Gross Transaction Value (GTV) increased by 62%. These metrics indicate continued strong monetization of its user base.
CEO Jonathan Reich commented that the underlying trends in the business provide a strong foundation for future growth, despite acknowledging a mixed bag of results at the start of the fiscal year.
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