Content distribution platform Zedge, Inc. (NYSE American: ZDGE) has reported financial results for the first quarter of fiscal 2026. The company’s active subscriptions reached a record high during the quarter.
- Zedge’s total revenue increased 5.8% year-over-year to $7.6 million in the first quarter of fiscal 2026
- Active subscriptions reached a record 1.1 million in Q1, up 54% year-over-year; subscription revenue grew 29%
- Average Revenue Per Monthly Active User climbed 29% year-over-year during the three months
- Net income was $0.8 million or $0.06 per share in Q1, compared to a loss of $0.3 million or $0.02 per share last year
- Adjusted net income was $0.9 million or $0.07 per share in the October quarter, compared to break-even last year
- Free cash flow came in at $0.6 million in the first quarter; adjusted EBITDA was $1.2 million
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