Welcome to our dedicated page for Zedge news (Ticker: ZDGE), a resource for investors and traders seeking the latest updates and insights on Zedge stock.
Zedge, Inc. (NYSE: ZDGE) is a global leader in smartphone personalization, offering a comprehensive platform for users to customize their mobile devices with free, high-quality ringtones, wallpapers, app icons, widgets, and notification sounds. With over 250 million app installs and 33 million monthly active users, Zedge is a dominant player in the digital content space, enabling users to express their emotions, tastes, and interests through their smartphones.
The company operates two main segments: the Zedge Marketplace and GuruShots. The Zedge Marketplace is a freemium digital content marketplace offering a variety of personalization options, including the innovative generative AI wallpaper maker, pAInt. Gurushots is a skill-based photo challenge game that enhances user engagement through friendly competitions.
Recent achievements include a positive cash flow and Adjusted EBITDA for Q3 FY2023, stable user metrics, and a growing Zedge+ subscription service. The company has also expanded its offerings with Emojipedia, a leading source of information about emojis, which saw a 93% year-over-year growth in Q3.
Despite facing challenges from Apple's App Transparency Tracking framework, Zedge is investing in new features like the AI Art Master hybrid-casual game and the Battles feature in GuruShots to attract new users. The company is also focusing on long-term growth by enhancing its product portfolio and optimizing its ad stack for better monetization.
Financially, Zedge is robust, with a net cash and cash equivalents of $16.7 million as of December 2023. The company's strategic initiatives and stable financial health position it well for sustainable growth.
For more information, visit the Zedge investor relations website.
Zedge announced significant updates to its Marketplace website, enabling users to purchase premium wallpapers directly using Zedge Credits. The new system allows customers to avoid third-party app store fees, providing better value for their purchases. The website upgrade features a modernized interface that aligns with the mobile app experience. Key features include direct premium wallpaper purchases, enhanced credit value compared to in-app purchases, and a refreshed design. The company plans to expand direct purchase functionality to include ringtones and live wallpapers in upcoming months.
Zedge reported Q4 fiscal 2024 results with 14.3% revenue growth to $7.6 million. Key highlights include 31% growth in Marketplace subscription revenue and 56% increase in Premium Gross Transaction Value. Full-year revenue grew 10.5% to $30.1 million. The company reported a GAAP operating loss of $11.8 million for FY2024, including $12.0 million in non-cash write-downs. Cash flow from operations increased 85% to $5.9 million. The company's stock gained 71% during fiscal 2024, leading to inclusion in the Russell Microcap Index. For FY2025, Zedge plans to focus on AI integration, product innovation, and user conversion from consumers to creators.
Zedge announced significant updates to its GuruShots photography game, introducing three major features: a new onboarding experience, missions system, and coin-based economy. The updates aim to enhance player engagement, retention, and monetization potential. The streamlined onboarding process provides new players with an intuitive introduction to gameplay, while the missions system rewards users for completing specific challenges. The new coin-based economy allows players to earn or purchase coins for accessing in-game resources and experiences. Early data shows promising increases in player engagement, particularly with the missions feature.
Zedge, Inc. (NYSE American:ZDGE) has announced that it will report its fourth quarter and end of year fiscal 2024 results on October 29, 2024. The earnings release will be filed on Form 8-K and posted on the company's investor relations website at approximately 6:30 AM Eastern. Management will host an earnings conference call at 11 AM Eastern to discuss results, outlook, and strategy, followed by a Q&A session with investors.
Zedge builds digital marketplaces and competitive games around content for self-expression. Its products include Zedge Ringtones and Wallpapers, pAInt (a generative AI image creation platform), GuruShots (a skill-based photo challenge game), and Emojipedia. The company serves tens of millions of active users monthly across its offerings.
Zedge (NYSE American: ZDGE), a leader in digital marketplaces and friendly competitive games, announced its participation in the 17th annual LD Micro Main Event. CEO Jonathan Reich will present on Tuesday, October 29th at 3 PT at the Luxe Sunset Boulevard Hotel in Los Angeles.
The event, running from October 28th to 30th, will feature approximately 150 companies presenting in half-hour increments and attending private investor meetings. Registration begins at 3:00 PM PT on October 28th, followed by keynotes and a happy hour. Presentations will run from 8:00 AM to 5:00 PM PT on October 29th and 30th.
Chris Lahiji, Founder of LD Micro, emphasized the event's significance for the industry and its role in shaping the future of small and micro-cap companies. Interested parties can register to watch Zedge's virtual presentation online.
Zedge (NYSE AMERICAN:ZDGE) has announced major enhancements to its AI generator feature, pAInt, for iOS users. The update allows users to create images of any size and personalize photographs using AI. Key features include:
- Uploading personal images for AI transformation
- Customization with art styles and filters
- Changing aspect ratios and sizes
- Applying filters to background or foreground
- Changing backgrounds with blur or color options
The enhanced pAInt aims to boost user engagement and drive incremental revenue. With over 15 million wallpapers created to date, pAInt is expanding beyond wallpapers to offer more creative possibilities. The Android version is expected to be released in fall 2024.
Zedge (NYSE AMERICAN:ZDGE) has announced a new $5 million share repurchase program for its Class B common stock, following the completion of its previous $3 million program on August 28, 2024. The company's CEO, Jonathan Reich, emphasized that this decision reflects their belief in Zedge's undervaluation by the market. Both Zedge Marketplace and Emojipedia are experiencing double-digit revenue growth, with a strong cash position. The company is investing in growth initiatives, including AI features like pAInt and fresh emoji content, while focusing on maximizing ad revenue. Zedge is also implementing changes to drive growth in GuruShots, including an on-boarding overhaul and a new coin-based economy. The repurchase program will be executed through various methods, including open market purchases and privately negotiated transactions, with timing and amount determined by market conditions and other factors.
Zedge, Inc. (NYSE American: ZDGE), a leader in digital marketplaces and competitive games, announced CEO Jonathan Reich's participation in a fireside chat at the 2024 Gaming, Media & Entertainment Virtual Conference on September 17, 2024, at 9:30 a.m. ET. The conference, presented by Maxim Group , will be live on M-Vest.com and explore how companies are adapting to market changes and positioning for future success.
Zedge's products include Zedge Ringtones and Wallpapers, pAInt (an AI image creation platform), GuruShots (a skill-based photo challenge game), and Emojipedia. The company serves tens of millions of active users monthly across its offerings, aiming to connect creators with consumers through friendly competitions and drive commerce.
Zedge, Inc. (NYSE AMERICAN:ZDGE) has released new data showing a strong consumer preference for AI-generated content in its marketplace. Contrary to recent findings, Zedge's users are increasingly drawn to AI-created art over human-made images. Since August 2022, the Zedge Marketplace has seen a 673% increase in image uploads, highlighting growing interest in AI-generated content.
Experiments conducted by Zedge revealed that AI-generated collections consistently outperformed human-made counterparts in clicks and downloads. In the initial experiment, AI-generated art saw 73% more clicks and 338% more downloads compared to human-made collections. These results challenge the notion that consumers are skeptical of AI-generated content and suggest a promising future for AI in mobile phone personalization.
Zedge and Emojipedia have launched the 'Emoji Playground' to celebrate World Emoji Day. This new feature offers over 10 million monthly users the ability to create emoji mashups and participate in emoji quiz experiences. The playground includes the Emoji Mashup Bot generator, originally created by Louan Bengmah in 2019, and quiz-like games exploring emoji culture.
Additionally, Zedge announced a partnership with Semrush Academy to create the world's first Emoji Marketing Mini-Course. This course aims to help marketers effectively use emojis in their campaigns, bridging cultural and generational gaps. Zedge plans to introduce more features to the Emoji Playground in the coming months, leveraging generative AI technology to enhance user creativity.
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