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 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.
Zedge, Inc. (NYSE American: ZDGE) will release its Q1 fiscal 2022 financial results on December 13, 2021, after market close. This report covers the period ending on October 31, 2021. An earnings conference call will be held at 4:30 PM Eastern, where management will discuss the results and future strategy, followed by a Q&A session. The call can be accessed via phone or webcast on the Zedge investor relations website. A replay will be available until December 27, 2021.
Zedge, Inc. (NYSE: ZDGE) announced that CEO Jonathan Reich will present at the Ladenburg Thalmann Technology Expo 2021 on November 18, 2021, at 5:00 p.m. EST. The event will be held virtually, and attendees can register to watch the presentation online. Additionally, Mr. Reich will conduct one-on-one meetings with investors throughout the day. Zedge serves 43 million users with products like Zedge Ringtones, Zedge Premium, Emojipedia, and the Shortz app, monetizing through ads and subscriptions.
Zedge, a global app publisher, reported a record fiscal 2021 with revenue growth of 107% to $19.6 million. The company achieved a net income of $8.2 million and earnings per share (EPS) of $0.59. In Q4, revenue rose 93% to $5.2 million with a net income of $2.5 million and EBITDA of $2.7 million. Monthly Active Users (MAU) reached 34.4 million.
Zedge has introduced guidance for fiscal 2022, projecting revenue growth of 25-30%.
Zedge, Inc. (NYSE American: ZDGE) is set to release its financial results for the Fiscal Fourth Quarter and Fiscal Year 2021 on November 9, 2021, after market close. The earnings report will be available on the Zedge investor relations website and followed by a conference call at 4:30 p.m. Eastern, where management will discuss results, outlook, and strategies. Zedge boasts a strong user base of 43 million monthly active users as of October 2021, with its portfolio including popular apps for mobile personalization and digital content monetization.
Zedge, Inc. (NYSE AMERICAN:ZDGE) has filed a 10Q/A for the third quarter of fiscal 2021, reporting a net income increase of $0.5 million or $0.04 EPS, attributed to a tax-related benefit. This adjustment will not affect the full-year fiscal net income or EPS. Key highlights include a 93% revenue increase to $5.2 million for Q4 2021 and a 106.6% increase to $19.6 million for the full year. Active subscriptions rose by 49.2%, and operating income reached $7.8 million, a significant turnaround from a loss in the previous year. The company has acknowledged a material weakness in its disclosure controls.
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