Zedge, Inc. (NYSE: ZDGE) stock jumped 28.33% to reach $6.93 in the post-market session. After a leading global mobile phone personalization and entertainment app, released its first-quarter 2021 results today.
We achieved year-over-year growth in monthly active users (MAU), and subscription revenue grew 214%. These two factors drove our average revenue per monthly active user (ARPMAU) up 73%, said Jonathan Reich, chief executive officer.
ZDGE Earnings Underlines
The company’s record revenues of $3.8 million increased by 85.0% from $2.0 million last year. Compared to last year, the number of paid subscribers and subscription revenues increased by 214% and 205%, respectively. Compared with last year’s operating loss of ($0.7) million and (36.6%)%, this year’s operating profit of $1.1 million and operating margin of 29.1% are records.
Cash flow from operations increased 322% to a new record of $1.5 million versus $0.4 million a year ago, for the 5th consecutive quarter.
The EBITDA1 for the quarter was $1.4 million versus ($0.3) million a year ago; average monthly active users increased by 9.1% compared to last year. In comparison to last year, Zedge Premium Gross Transaction Value (GTV) increased by 8.3%.
