Zedge, Inc. announced its financial results for the fourth quarter and full year fiscal 2024, ending July 31, 2024. The company reported a 14% increase in overall company revenue for the fourth quarter.
The Zedge Marketplace segment demonstrated strong performance, with subscription revenue growing by 31% year-over-year. Additionally, Zedge Marketplace Average Revenue Per Monthly Active User (ARPMAU) increased by 43% in the fourth quarter.
Zedge Premium Gross Transaction Value (GTV) also saw significant growth, rising by 56% during the quarter. CEO Jonathan Reich highlighted the strong momentum achieved as the company concluded the fiscal year.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.