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 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.
Zedge, Inc. (NYSE American: ZDGE) has announced enhancements to Emojipedia's website, aimed at improving user experience and monetization. The redesign features a new landing page for better content categorization, a cross-site navigation bar for quicker access to emoji categories, and a stable search bar. These improvements are expected to enhance content discoverability for Emojipedia's over 8 million monthly users. The update follows the introduction of localized versions in multiple languages.
Zedge, Inc. (NYSE American: ZDGE) announced the launch of version 2.0 of its 'NFTs Made Easy' platform on August 8, 2022, in partnership with digital artist Micha Klein. This upgrade allows artists to sell limited editions of original NFTs, promoting broader ownership and value retention. The new platform aims to simplify the NFT marketplace experience and attract a wider audience, including GuruShots players. The first release will be Klein's unique Genesis Animated Crypto Pill NFT, available exclusively in Zedge Premium.
Zedge, Inc. (NYSE AMERICAN: ZDGE) announced the launch of localized versions of its Emojipedia website in Spanish, French, German, Italian, and Portuguese ahead of World Emoji Day on July 17. This expansion aims to enhance global accessibility for the nearly one billion native speakers of these languages. Emojipedia has over 8 million monthly users and was acquired by Zedge in August 2021. The move is expected to boost engagement and relevance as the platform capitalizes on recent emoji trends and traffic surge following iOS updates.
Zedge, Inc. (NYSE AMERICAN:ZDGE) announced CEO Jonathan Reich's participation in a virtual panel at the Digital Assets: Exploring The Metaverse & Crypto Assets Conference on June 23, 2022, at 2:00 p.m. EDT. This event focuses on NFTs and their creative aspects, showcasing insights from industry leaders. Zedge is dedicated to building marketplaces and games around digital content, monetizing through ads, subscriptions, and a token-based economy. In May 2022, the company served over 40 million users.
For registration, visit: here.
Zedge, Inc. (NYSE AMERICAN: ZDGE) reported an 18.6% revenue growth to $6.2 million for the third quarter of fiscal 2022. Net income decreased 67.2% to $0.8 million, with diluted EPS falling 70.6% to $0.05. The acquisition of GuruShots closed on April 12, expected to enhance growth despite reporting losses this quarter. Adjusted EBITDA rose 21.8% to $2.9 million, and cash flow from operations increased 41.7% to $5.6 million, aided by a one-time $2 million payment from AppLovin. MAUs declined 7.0%.
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