Zedge Announces Second Quarter Fiscal 2025 Results
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Zedge, Inc. reported its second quarter fiscal 2025 results, highlighting a 10% year-over-year revenue decline due to TikTok's U.S. pre-ban status and its temporary removal from app stores. Despite this, Zedge saw increases in active subscribers, subscription revenue, and Premium GTV. The company announced restructuring activities, including a 22% workforce reduction, to save $4 million annually.
March 12, 2025 | 8:30 pm
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Zedge reported a 10% revenue decline due to TikTok's U.S. pre-ban status but saw growth in subscribers and subscription revenue. The company is restructuring, including a 22% workforce reduction, to save $4 million annually.
The revenue decline is a negative factor, but the increase in subscribers and subscription revenue is positive. The restructuring and cost-saving measures could improve profitability, balancing the short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100