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 third quarter fiscal 2022 financial results on June 13, 2022, after the market closes. The earnings report will be filed on Form 8-K and available on Zedge's investor relations site. Following the report, management will host a conference call at 4:30 PM Eastern to discuss results, outlook, and strategy, with a Q&A session. Zedge serves 44 million monthly active users globally, offering digital consumer brands like Zedge Ringtones and Wallpapers, alongside monetizing content through various channels.
Zedge, Inc. (NYSE American: ZDGE) will present at the Sidoti May Virtual MicroCap Conference on May 11, 2022, at 10:45 a.m. ET. The conference provides an opportunity for one-on-one meetings on May 11-12. Zedge, a global gaming and app publisher, serves 44 million users with its portfolio, including Zedge Ringtones and Wallpapers, GuruShots, and Emojipedia. The company monetizes content through ads, tokens, and subscriptions. For more details on the webcast, visit this link.
Zedge, Inc. (NYSE American: ZDGE) has acquired GuruShots, a leader in mobile gaming that blends photography and competition, to enhance its Creator Economy portfolio. The acquisition is expected to significantly increase Zedge's user base and revenue potential, with a target market of 30-40 million amateur photographers. The deal, worth up to $34.8 million, includes a base cash payment of $18 million and potential earnouts based on performance. Zedge aims to leverage GuruShots' gaming mechanics to boost user engagement across its platforms.
Zedge, Inc. (NYSE American: ZDGE) announced participation in the Maxim Group 2022 Virtual Growth Conference. CEO Jonathan Reich will engage in a Fireside Chat with analyst Allen Klee on March 30, 2022, at 9:30 a.m. EST. Zedge serves 44 million monthly active users with its digital consumer brands including Zedge Ringtones, Wallpapers, and others. The company monetizes its content through ads, tokens, and subscriptions. Interested viewers can register for the panel here.
Zedge, Inc. (NYSE American: ZDGE) reported strong fiscal Q2 results for 2022, achieving a 30.1% revenue growth to $6.9 million, with net income holding steady at $2.3 million. The quarterly EBITDA reached a record $3.4 million. Monthly active users rose to over 36 million, while the average revenue per user increased to $0.06. Despite challenges in migrating to a new ad platform due to MoPub's shutdown, the company is on track for completion soon. Zedge expects continued growth with a 25-30% revenue outlook for the fiscal year.
Zedge, Inc. (NYSE American: ZDGE) is set to release its financial and operational results for Q2 of fiscal 2022, ending January 31, 2022, on March 15, 2022, around 4:10 PM Eastern. Following the earnings announcement, management will host a call at 4:30 PM Eastern to discuss the results and outlook, followed by a Q&A session. Zedge boasts 43 million monthly active users and offers various digital consumer brands, including Zedge Ringtones and Wallpapers and Emojipedia. Interested participants can join via phone or webcast.
Zedge, Inc. (NYSE American: ZDGE) announced that Tim Quirk, SVP of Product, will participate in the Go to Market Strategies panel at the Maxim/M-vent Blockchain Conference on January 27, 2022, at 12:00 p.m. EST. The conference focuses on trends in NFTs and Crypto. Zedge has a user base of 43 million and offers various digital consumer brands, such as Zedge Ringtones, Zedge Premium, Emojipedia, and Shortz. For more details and to register, visit here.
Zedge, a digital consumer brand publisher, has launched NFTs Made Easy, allowing creators to sell unique video NFTs on its Premium marketplace without the need for cryptocurrency. Artists can mint and sell NFTs with no fees while consumers can purchase them using Zedge tokens in local currency. The platform aims to empower artists by creating genuine scarcity, with the initial offerings limited to one per NFT. Zedge plans to expand this feature further in 2022 to include auctions and trading, enhancing its marketplace for creators and users alike.
Zedge, Inc. (ZDGE) reported significant financial growth for Q1 FY2022, achieving revenue growth of 60.2% to $6.0 million compared to $3.8 million in Q1 FY2021. Net income rose 96.7% to $2.1 million, with earnings per share (EPS) increasing 63.5% to $0.14. The company noted strong performance in advertising revenue, active subscriptions, and the Zedge Premium marketplace, which saw a 58.2% growth in gross transaction value. Cash flow from operations also surged 81.2% to $2.7 million.
FAQ
What is the current stock price of Zedge (ZDGE)?
What is the market cap of Zedge (ZDGE)?
What does Zedge, Inc. do?
How many app installs does Zedge have?
What are the key products of Zedge?
What recent achievements has Zedge made?
What is the financial status of Zedge?
What new features is Zedge introducing?
How is Zedge leveraging AI technology?
What challenges has Zedge faced?
How does Zedge monetize its user base?
What is the future outlook for Zedge?
