Zedge, Inc. (NYSE American: ZDGE), a supplier of digital publishing providers, has reported a decrease web revenue for the second quarter of 2023, regardless of a modest enhance in revenues.
Total revenues edged up 1% year-over-year to $6.98 million within the second quarter of 2023. At 32.2 million, the variety of month-to-month energetic customers was down 11% throughout the three-month interval.
The firm reported a complete web earnings of $1.76 million or $0.11 per share for the January quarter, on an adjusted foundation, in comparison with $2.1 million or $0.16 per share within the prior-year interval.
Read administration/analysts’ feedback on quarterly outcomes
“Our second quarter was a mixed one as we navigated geopolitical, economic, and industry-specific challenges, and we were not immune to the forces impacting gaming and other advertising-based business models,” stated Jonathan Reich, chief government officer of Zedge.