Zedge shares rise 12.77% intraday after Q1 revenue and user growth exceed expectations, with stock buybacks and dividend initiation.

Zedge surged 12.77% intraday, driven by its Q1 2025 earnings report showing $7.6 million in revenue (up 5.8% YoY, exceeding $6.9 million estimates) and non-GAAP EPS of $0.07 (above $0.04 forecast). The company also reported a 54% YoY increase in subscription users to 1.1 million, with subscription revenue and average revenue per user both rising 29%. Additionally, Zedge initiated a stock buyback program and announced its first quarterly dividend.