Zedge Inc: Gains after posting quarterly profit vs year-ago loss

Zedge

11/06/2021 13:49

** Digital publishing platform provider's shares  ZDGE.A 
 ZDGE.K  up as much as 8.79% at $16.7 premarket 
    ** Co posts Q3 profit of 13 cents per share vs a year-ago
loss of 3 cents per share 
    ** Revenue more than doubles to $5.3 mln, driven by
advertising business 
    ** Active subscriptions and subscription revenue increased
88.7% and 97.6%, respectively 
    ** Stock nearly doubled in value YTD, as of last close

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))