Zedge Stock Price, News & Analysis

Zedge, Inc. (NYSE AMERICAN: ZDGE) announced a collaboration with Nyla Hayes, a 14-year-old digital artist, to launch her exclusive Long Neckie Vibes On The Go wallpapers on the Zedge Premium Marketplace. Zedge aims to enhance its content offerings by featuring unique digital artwork, appealing to its 32 million monthly users. The partnership aligns with Zedge's mission to support innovative creators and expand its digital content marketplace, which includes premium options and AI-generated wallpapers. Nyla Hayes, recognized as TIME Magazine's first NFT Artist in Residence, expressed her excitement for this significant opportunity.

Zedge, Inc. (NYSE AMERICAN:ZDGE) reported mixed results for Q2 FY2023, ending January 31, 2023, with a nominal revenue increase of 1% to $7.0 million. Despite challenges, net income stood at $1.6 million, with earnings per share at $0.11. Adjusted EBITDA decreased significantly by 63.1% to $1.4 million. Advertising revenue fell by 19%, alongside a 53% decline in operating income. The company announced cost-cutting measures to save $2.5-$3.0 million annually. CEO Jonathan Reich emphasized a focus on sustainable growth amid macroeconomic pressures. Zedge plans to enhance its offerings, including AI-driven features and subscription services.

NEW YORK, NY / ACCESSWIRE / March 9, 2023 / Zedge will release its second quarter fiscal 2023 financial results on March 15, 2023, at approximately 4:10 p.m. Eastern. The earnings report will be accessible via Form 8-K on Zedge's investor relations website. A conference call will follow at 4:30 p.m. Eastern, where management will discuss the results, outlook, and strategy, along with a Q&A session for investors. Zedge, with a user base of 44 million monthly active users, specializes in digital consumer brands, including Zedge Ringtones and Wallpapers, targeting the Creator Economy with a marketplace for digital content. For more details, visit the official website.

Zedge, Inc. (NYSE: ZDGE) reported a 14.5% increase in revenue for Q1 FY2023, totaling $6.9 million. Despite a net loss of $0.2 million and a diluted loss per share of ($0.01), the company achieved positive Adjusted EBITDA of $1.0 million and cash flow from operations of $1.1 million. The Zedge App showed a decline in user metrics with MAU decreasing by 6.7% and active subscriptions down 11.7%. While advertising revenue fell 13.4%, business initiatives like pAInt and improvements in ad spend are seen as potential growth drivers.

NEW YORK, NY / ACCESSWIRE / December 13, 2022 / Zedge, Inc. (NYSE American: ZDGE) is set to release its financial results for the first quarter of fiscal 2023, which ended on October 31, 2022. The earnings will be disclosed through Form 8-K and available on the investor relations website around 4:10 p.m. Eastern on December 13, 2022. A conference call with management will follow at 4:30 p.m. Eastern to discuss the outcomes, future outlook, and strategy, including a Q&A session. Zedge attracts 44 million monthly active users, focusing on mobile personalization and digital content.