Zedge, Inc. - ZDGE STOCK NEWS

Zedge, Inc. (NYSE AMERICAN:ZDGE) reported mixed results for Q2 FY2023, ending January 31, 2023, with a nominal revenue increase of 1% to $7.0 million. Despite challenges, net income stood at $1.6 million, with earnings per share at $0.11. Adjusted EBITDA decreased significantly by 63.1% to $1.4 million. Advertising revenue fell by 19%, alongside a 53% decline in operating income. The company announced cost-cutting measures to save $2.5-$3.0 million annually. CEO Jonathan Reich emphasized a focus on sustainable growth amid macroeconomic pressures. Zedge plans to enhance its offerings, including AI-driven features and subscription services.

NEW YORK, NY / ACCESSWIRE / March 9, 2023 / Zedge will release its second quarter fiscal 2023 financial results on March 15, 2023, at approximately 4:10 p.m. Eastern. The earnings report will be accessible via Form 8-K on Zedge's investor relations website. A conference call will follow at 4:30 p.m. Eastern, where management will discuss the results, outlook, and strategy, along with a Q&A session for investors. Zedge, with a user base of 44 million monthly active users, specializes in digital consumer brands, including Zedge Ringtones and Wallpapers, targeting the Creator Economy with a marketplace for digital content. For more details, visit the official website.

Zedge, Inc. (NYSE: ZDGE) reported a 14.5% increase in revenue for Q1 FY2023, totaling $6.9 million. Despite a net loss of $0.2 million and a diluted loss per share of ($0.01), the company achieved positive Adjusted EBITDA of $1.0 million and cash flow from operations of $1.1 million. The Zedge App showed a decline in user metrics with MAU decreasing by 6.7% and active subscriptions down 11.7%. While advertising revenue fell 13.4%, business initiatives like pAInt and improvements in ad spend are seen as potential growth drivers.

NEW YORK, NY / ACCESSWIRE / December 13, 2022 / Zedge, Inc. (NYSE American: ZDGE) is set to release its financial results for the first quarter of fiscal 2023, which ended on October 31, 2022. The earnings will be disclosed through Form 8-K and available on the investor relations website around 4:10 p.m. Eastern on December 13, 2022. A conference call with management will follow at 4:30 p.m. Eastern to discuss the outcomes, future outlook, and strategy, including a Q&A session. Zedge attracts 44 million monthly active users, focusing on mobile personalization and digital content.

Zedge, Inc. (NYSE American: ZDGE) has announced a new integration allowing GuruShots players to sell their photos on Zedge's marketplace. This feature aims to capitalize on the strategic synergy identified during Zedge's acquisition of GuruShots, enabling players to monetize their creative works. CEO Jonathan Reich emphasized that this initiative not only supports GuruShots players but also has potential implications for user growth. The company plans marketing efforts to transition these players into Zedge Premium marketplace sellers, facilitating an easy upload process and future automatic listings.

Zedge, Inc. (NYSE American: ZDGE) has launched a new feature called pAInt, an AI-driven wallpaper creator that allows users to generate unique wallpapers by entering text phrases. This innovative tool aims to enhance user engagement and retention by empowering users to express their creativity without needing design skills. Initially available on iOS and Android in the U.S., pAInt offers various styles and effects, fostering a community of creators. Zedge, which served over 40 million users in July 2022, continues to expand its marketplace of digital content.

Zedge, Inc. (ZDGE) reported strong financial results for fiscal year 2022, achieving $26.5 million in revenue, a 36% increase from the previous year. Net income rose by 18% to $9.7 million, with diluted earnings per share of $0.65. Adjusted EBITDA reached $12.4 million, marking a 24% improvement. Key achievements included the acquisition of GuruShots, the launch of 'NFTs Made Easy', and a share repurchase authorization for 1.5 million shares. Looking ahead, Zedge anticipates a focus on driving sustainable growth despite potential macroeconomic challenges.

Zedge, Inc. (NYSE American: ZDGE) is set to release its financial results for the fourth quarter and full year of fiscal 2022, ending July 31, 2022. The earnings release will be filed on Form 8-K and made available on the Zedge investor relations website around 4:10 PM Eastern on November 14, 2022. A conference call to discuss the results will follow on November 15, 2022 at 10 AM Eastern. Zedge caters to 44 million monthly active users, leveraging its portfolio of digital brands through various monetization channels.

Zedge, Inc. (NYSE AMERICAN:ZDGE) announced its preliminary results for the fiscal year 2022, reporting full-year revenue of $26.5 million, a 35.6% increase from the previous year, and fourth-quarter revenue of $7.4 million, up 40.7% year-over-year. Gaming revenue for the year was $1.7 million. However, monthly active users (MAU) decreased by 7%, affecting engagement. Zedge Premium's Gross Transaction Value rose by 59.7% to $1.51 million. The company is finalizing its 10-K report for a complete audit.