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, 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.
Zedge, Inc. (NYSE AMERICAN:ZDGE) has announced the launch of thirteen localized versions of Emojipedia, its popular emoji reference site, just in time for Diwali. The new languages include Bengali, Chinese (Simplified), Danish, Dutch, Hindi, Japanese, Korean, Marathi, Malway, Norwegian, Swedish, Tamil, and Telugu. This expansion now offers Emojipedia in a total of 18 languages, enhancing accessibility for over 2 billion native speakers. Emojipedia attracts more than 8 million monthly users, solidifying its position as a global leader in emoji information.
Zedge, Inc. (NYSE AMERICAN:ZDGE) announced a pilot program providing access to 1,000 popular ringtones from Saregama, India's oldest music label. This initiative aims to enhance Zedge's offerings in India, its fastest-growing market. CEO Jonathan Reich highlighted the significance of Saregama's catalog, which features tracks from major Bollywood films and renowned artists. The program seeks to attract more users through culturally relevant content, tapping into India's rich musical heritage.
Zedge, Inc. (NYSE AMERICAN: ZDGE) announced a share repurchase program authorized by its Board of Directors, allowing the company to buy back up to 1.5 million shares of Class B common stock. CEO Jonathan Reich stated that the stock is undervalued, and the company is poised to leverage its strong balance sheet amidst significant growth opportunities. As of April 30, 2022, Zedge had approximately 14.86 million shares outstanding. The program includes purchases made through various methods, compliant with regulations. Zedge aims to enhance long-term value for shareholders amid planned growth initiatives.
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