Zedge Q3 2017 MAU up slightly YoY

Zedge, Inc. (NYSE MKT:ZDGE), for the third quarter of its fiscal year 2017, the three months ended April 30, 2017, reported MAU (Monthly Active Users) for the last 30 days of the quarter increased 0.3% to 31.7 million, and decreased 5.1% compared to Q2 FY2017, the company said.

Total installs were 260.4 million at April 30, 2017, an increase of 28.5% compared to April 30, 2016;

Revenue decreased 1.7% to 2.5 million;

Average revenue per MAU derived from our apps (ARPMAU) increased year-over-year for the second consecutive quarter, rising 0.8% to USD 0.0249 and increasing 5.1% sequentially;

Loss from operations was USD 193 thousand compared to income from operations of USD 243 thousand.

Zedge is a content platform, and global leader in smartphone personalization, with more than 260 million app installs and 31 million monthly active users. People use Zedge to make their smartphones more personal – to express their emotions, tastes and interests using wallpapers, icons, widgets, ringtones and more. The Zedge platform enables brands, artists and creators to share their smartphone personalization content with their fans in order to extend their reach, reinforce their message and gain valuable insight into how customers interact with their content.