Zedge Stock Price, News & Analysis

Zedge, Inc. (NYSE American:ZDGE) has announced that it will report its fourth quarter and end of year fiscal 2024 results on October 29, 2024. The earnings release will be filed on Form 8-K and posted on the company's investor relations website at approximately 6:30 AM Eastern. Management will host an earnings conference call at 11 AM Eastern to discuss results, outlook, and strategy, followed by a Q&A session with investors.

Zedge builds digital marketplaces and competitive games around content for self-expression. Its products include Zedge Ringtones and Wallpapers, pAInt (a generative AI image creation platform), GuruShots (a skill-based photo challenge game), and Emojipedia. The company serves tens of millions of active users monthly across its offerings.

Zedge (NYSE American: ZDGE), a leader in digital marketplaces and friendly competitive games, announced its participation in the 17th annual LD Micro Main Event. CEO Jonathan Reich will present on Tuesday, October 29th at 3 PT at the Luxe Sunset Boulevard Hotel in Los Angeles.

The event, running from October 28th to 30th, will feature approximately 150 companies presenting in half-hour increments and attending private investor meetings. Registration begins at 3:00 PM PT on October 28th, followed by keynotes and a happy hour. Presentations will run from 8:00 AM to 5:00 PM PT on October 29th and 30th.

Chris Lahiji, Founder of LD Micro, emphasized the event's significance for the industry and its role in shaping the future of small and micro-cap companies. Interested parties can register to watch Zedge's virtual presentation online.

Zedge (NYSE AMERICAN:ZDGE) has announced major enhancements to its AI generator feature, pAInt, for iOS users. The update allows users to create images of any size and personalize photographs using AI. Key features include:

- Uploading personal images for AI transformation
- Customization with art styles and filters
- Changing aspect ratios and sizes
- Applying filters to background or foreground
- Changing backgrounds with blur or color options

The enhanced pAInt aims to boost user engagement and drive incremental revenue. With over 15 million wallpapers created to date, pAInt is expanding beyond wallpapers to offer more creative possibilities. The Android version is expected to be released in fall 2024.

Zedge (NYSE AMERICAN:ZDGE) has announced a new $5 million share repurchase program for its Class B common stock, following the completion of its previous $3 million program on August 28, 2024. The company's CEO, Jonathan Reich, emphasized that this decision reflects their belief in Zedge's undervaluation by the market. Both Zedge Marketplace and Emojipedia are experiencing double-digit revenue growth, with a strong cash position. The company is investing in growth initiatives, including AI features like pAInt and fresh emoji content, while focusing on maximizing ad revenue. Zedge is also implementing changes to drive growth in GuruShots, including an on-boarding overhaul and a new coin-based economy. The repurchase program will be executed through various methods, including open market purchases and privately negotiated transactions, with timing and amount determined by market conditions and other factors.

Zedge, Inc. (NYSE American: ZDGE), a leader in digital marketplaces and competitive games, announced CEO Jonathan Reich's participation in a fireside chat at the 2024 Gaming, Media & Entertainment Virtual Conference on September 17, 2024, at 9:30 a.m. ET. The conference, presented by Maxim Group , will be live on M-Vest.com and explore how companies are adapting to market changes and positioning for future success.

Zedge's products include Zedge Ringtones and Wallpapers, pAInt (an AI image creation platform), GuruShots (a skill-based photo challenge game), and Emojipedia. The company serves tens of millions of active users monthly across its offerings, aiming to connect creators with consumers through friendly competitions and drive commerce.

Zedge, Inc. (NYSE AMERICAN:ZDGE) has released new data showing a strong consumer preference for AI-generated content in its marketplace. Contrary to recent findings, Zedge's users are increasingly drawn to AI-created art over human-made images. Since August 2022, the Zedge Marketplace has seen a 673% increase in image uploads, highlighting growing interest in AI-generated content.

Experiments conducted by Zedge revealed that AI-generated collections consistently outperformed human-made counterparts in clicks and downloads. In the initial experiment, AI-generated art saw 73% more clicks and 338% more downloads compared to human-made collections. These results challenge the notion that consumers are skeptical of AI-generated content and suggest a promising future for AI in mobile phone personalization.

Zedge and Emojipedia have launched the 'Emoji Playground' to celebrate World Emoji Day. This new feature offers over 10 million monthly users the ability to create emoji mashups and participate in emoji quiz experiences. The playground includes the Emoji Mashup Bot generator, originally created by Louan Bengmah in 2019, and quiz-like games exploring emoji culture.

Additionally, Zedge announced a partnership with Semrush Academy to create the world's first Emoji Marketing Mini-Course. This course aims to help marketers effectively use emojis in their campaigns, bridging cultural and generational gaps. Zedge plans to introduce more features to the Emoji Playground in the coming months, leveraging generative AI technology to enhance user creativity.

Zedge (NYSE American: ZDGE) announced its third-quarter fiscal 2024 results with a 14% total revenue growth and a 35% increase in subscription revenue compared to the previous year. The company reported a revenue of $7.7 million, a GAAP net income of $0.1 million, and a non-GAAP net income of $0.5 million. Key metrics included a 44.4% increase in Zedge Premium Gross Transaction Value (GTV) to $0.59 million and a 39.7% rise in average revenue per monthly active user (ARPMAU). The quarter also saw a GAAP operating loss of $0.1 million, an improved figure compared to a loss of $8.4 million in the same period last year. However, the company faced challenges with a 20.3% decline in digital goods and services revenue and a 13.4% drop in monthly active users (MAU).

CEO Jonathan Reich highlighted ongoing efforts to optimize advertising and subscription revenue, especially on iOS platforms, and emphasized future plans for user acquisition and product innovation. Despite some setbacks, the company remains optimistic about its growth trajectory heading into fiscal 2025.

Zedge (NYSE American: ZDGE) will announce its third fiscal quarter 2024 results on June 10, 2024, after market close. The period ended on April 30, 2024. The earnings release will be available on Form 8-K and on Zedge's investor relations website at around 4:10 p.m. Eastern. An earnings call hosted by management will commence at 4:30 p.m. Eastern to discuss the results, outlook, and strategy, followed by a Q&A session. Zedge operates digital marketplaces and competitive games, including Zedge Ringtones and Wallpapers, GuruShots, and Emojipedia, serving tens of millions of active users monthly.