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, 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.
Zedge, Inc. (NYSE American: ZDGE) will announce its financial results for the third quarter of 2021, concluding on April 30, 2021, on June 10, 2021, at approximately 4:10 PM Eastern. The earnings release will be available on the Zedge investor relations website. Following the release, management will host a conference call at 4:30 PM Eastern to discuss the results and future strategies. Zedge boasts around 482 million organic installs and over 35 million monthly active users as of January 31, 2021, showcasing its strong presence in mobile phone personalization.
Zedge reported a remarkable second quarter for fiscal 2021, achieving revenue of $5.3 million, a 101% increase year-over-year. Net income also surged to $2.3 million with an EPS of $0.17. The company raised its full-year revenue growth guidance to 75-80%. Key highlights include an operating income of $2.5 million and a significant cash flow increase of 296.9%. Monthly active users reached 35.4 million, indicating a 3.3% growth.
This strong performance emphasizes Zedge's commitment to enhancing user engagement and its strategic growth initiatives.
Zedge, Inc. (NYSE American: ZDGE) will disclose its Q2 2021 financial and operational results on March 15, 2021. The earnings release will be available on the investor relations website at approximately 4:10 PM Eastern. An earnings conference call will follow at 4:30 PM Eastern, where management will discuss results, outlook, and strategy, along with a Q&A session. Interested participants can join by dialing the provided toll-free numbers. Zedge is a leader in mobile phone personalization, boasting around 465 million installs and 32 million monthly active users.
Zedge, Inc. (NYSE AMERICAN:ZDGE) reported significant user engagement in 2020, with approximately 141 million unique users downloading around 2.1 billion items. Despite pandemic-related challenges, the Zedge app showed robust demand for mobile personalization. Looking ahead, Zedge plans to enhance features and expand its user base, particularly targeting iOS users with new widgets and icons. The company also aims to improve its subscription offerings, with a 158% annual growth rate in subscriptions and a ~45% renewal rate, indicating strong user loyalty.
Zedge (NYSE American: ZDGE) will present at the 13th annual LD Micro Main Event on December 14 at 6:20 a.m. PST. The company's CEO, Jonathan Reich, will address a virtual audience. Zedge will also release its Q1 fiscal 2021 earnings after market close on December 10, with a webcast available for viewing. The Main Event features a new format, allowing for a 10-minute presentation followed by a Q&A session. For more details, visit Zedge's profile.
Zedge, Inc. (NYSE American: ZDGE) will announce its financial results for the first quarter of 2021, covering the period ending October 31, 2020, on December 10, 2020, at approximately 4:10 PM Eastern. The report will be available via Form 8-K on their investor relations website. Following the earnings release, management will host a conference call at 4:30 PM Eastern to discuss results and strategy, with a Q&A session for investors. A replay of the call will be accessible until December 24, 2020. Zedge boasts 32 million monthly active users and 450 million app downloads.
Zedge, Inc. (NYSE AMERICAN: ZDGE) announced that CEO Jonathan Reich will present virtually at the H.C. Wainwright 6th Annual Israel Conference on November 12, 2020, at 10:30 a.m. ET. He will also hold one-on-one meetings throughout the day. Attendees can access the group's presentation audio here and the archived webcast here. Zedge is a mobile publishing platform offering a variety of digital content, including wallpapers, ringtones, and stickers, with over 450 million downloads and 32 million monthly active users.
Zedge, Inc. (NYSE: ZDGE) reported strong fiscal 2020 results, with a remarkable 39.2% revenue increase in Q4, amounting to $2.7 million. Paid subscription revenue surged 378% year-over-year, contributing significantly to a positive earnings per share of $0.04. The company achieved an operating income of $0.4 million compared to a loss last year. Full-year revenue rose 7.4% to $9.5 million, with consistent cash flow positivity across all quarters. Zedge aims for over 20% revenue growth in fiscal 2021, anticipating profitability and ongoing positive cash flow.
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