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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, 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.
Zedge, Inc. (NYSE American: ZDGE) reported significant growth for the fiscal year and fourth quarter ending July 31, 2021. Revenue surged by 106.6% to $19.6 million while operating income reached $7.8 million, up from a loss of ($0.4) million in the previous year. For the fourth quarter, revenue was $5.2 million, a 93.0% increase year-over-year. Active subscriptions grew by 49.2% and subscription revenue by 100.8%. The company plans to finalize a partial release of a valuation allowance on its deferred tax asset.
Zedge, Inc. (NYSE American: ZDGE) is set to release its financial and operational results for the Fiscal Fourth Quarter and the Full Year 2021, ending July 31, 2021. The earnings report will be available on the investor relations website on October 27, 2021, at around 4:10 p.m. Eastern. An earnings conference call will follow at 4:30 p.m. Eastern, where management will discuss results, outlook, and strategy, followed by a Q&A session. Zedge aims to provide personalized mobile experiences through its innovative apps, boasting over 500 million installs and 35 million monthly active users.
Zedge, Inc. (NYSE American: ZDGE) has acquired Emojipedia, enhancing its mobile personalization portfolio and adding 8 million monthly active users. Emojipedia, a leading emoji resource, garners over 50 million monthly page views and is a key player in emoji trends as a Unicode Consortium member. This acquisition positions Zedge to capitalize on the growing use of emojis globally, providing opportunities to innovate and expand its offerings. Financial terms remain undisclosed, but the deal is expected to be accretive to fiscal 2022 earnings.
Zedge, Inc. (NYSE American:ZDGE) has reached a significant milestone, surpassing 500 million organic installs of its mobile app across Android and iOS platforms. To celebrate, the company is offering a limited-time giveaway of premium content, including wallpapers and live wallpapers, to appreciate its user community. CEO Jonathan Reich emphasized the commitment to enhancing user experience and content creator tools, aiming for long-term growth through initiatives like personalized recommendations and new app offerings.
Zedge, Inc. (NYSE American:ZDGE) announced the launch of Banksy's graffiti wallpapers in its Zedge Premium marketplace on June 15, 2021. This partnership with Full Colour Black aims to enhance the platform's offerings for artists and users, adding significant value through high-definition imagery and improved content features. With nearly 35 million monthly users, Zedge continues to support both established and emerging artists, contributing to a vibrant creator economy. The deal is expected to drive revenue growth for artists while enriching user experience.
Zedge, a mobile phone personalization app developer, reported a 153% year-over-year revenue growth to $5.3 million for its third fiscal quarter ended April 30, 2021. The company's net income reached $1.9 million, with an EPS of $0.13 and EBITDA of $2.3 million. Monthly Active Users (MAU) increased by 19.8% to 34.5 million. Zedge raised its full-year revenue growth guidance to 95-100%. Notable factors include significant growth in advertising and subscription revenues, enhanced user engagement initiatives, and strategic product management hires to drive future growth.
Zedge, Inc. (NYSE:ZDGE) will join the Russell Microcap Index effective June 28, 2021, following the annual reconstitution. This membership signifies a milestone for Zedge, reflecting its growth and financial performance improvements. The inclusion is expected to attract a broader audience of investors, enhancing visibility among institutional investors who manage approximately $10.6 trillion in assets using Russell indexes. CEO Jonathan Reich emphasized the opportunity to showcase Zedge's revenue growth and user engagement strategies.
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