Zedge Stock Price, News & Analysis

Zedge, Inc. (NYSE American: ZDGE) has launched a new feature called pAInt, an AI-driven wallpaper creator that allows users to generate unique wallpapers by entering text phrases. This innovative tool aims to enhance user engagement and retention by empowering users to express their creativity without needing design skills. Initially available on iOS and Android in the U.S., pAInt offers various styles and effects, fostering a community of creators. Zedge, which served over 40 million users in July 2022, continues to expand its marketplace of digital content.

Zedge, Inc. (ZDGE) reported strong financial results for fiscal year 2022, achieving $26.5 million in revenue, a 36% increase from the previous year. Net income rose by 18% to $9.7 million, with diluted earnings per share of $0.65. Adjusted EBITDA reached $12.4 million, marking a 24% improvement. Key achievements included the acquisition of GuruShots, the launch of 'NFTs Made Easy', and a share repurchase authorization for 1.5 million shares. Looking ahead, Zedge anticipates a focus on driving sustainable growth despite potential macroeconomic challenges.

Zedge, Inc. (NYSE American: ZDGE) is set to release its financial results for the fourth quarter and full year of fiscal 2022, ending July 31, 2022. The earnings release will be filed on Form 8-K and made available on the Zedge investor relations website around 4:10 PM Eastern on November 14, 2022. A conference call to discuss the results will follow on November 15, 2022 at 10 AM Eastern. Zedge caters to 44 million monthly active users, leveraging its portfolio of digital brands through various monetization channels.

Zedge, Inc. (NYSE AMERICAN:ZDGE) announced its preliminary results for the fiscal year 2022, reporting full-year revenue of $26.5 million, a 35.6% increase from the previous year, and fourth-quarter revenue of $7.4 million, up 40.7% year-over-year. Gaming revenue for the year was $1.7 million. However, monthly active users (MAU) decreased by 7%, affecting engagement. Zedge Premium's Gross Transaction Value rose by 59.7% to $1.51 million. The company is finalizing its 10-K report for a complete audit.

Zedge, Inc. (NYSE AMERICAN:ZDGE) has announced the launch of thirteen localized versions of Emojipedia, its popular emoji reference site, just in time for Diwali. The new languages include Bengali, Chinese (Simplified), Danish, Dutch, Hindi, Japanese, Korean, Marathi, Malway, Norwegian, Swedish, Tamil, and Telugu. This expansion now offers Emojipedia in a total of 18 languages, enhancing accessibility for over 2 billion native speakers. Emojipedia attracts more than 8 million monthly users, solidifying its position as a global leader in emoji information.

Zedge, Inc. (NYSE AMERICAN:ZDGE) announced a pilot program providing access to 1,000 popular ringtones from Saregama, India's oldest music label. This initiative aims to enhance Zedge's offerings in India, its fastest-growing market. CEO Jonathan Reich highlighted the significance of Saregama's catalog, which features tracks from major Bollywood films and renowned artists. The program seeks to attract more users through culturally relevant content, tapping into India's rich musical heritage.

Zedge, Inc. (NYSE AMERICAN: ZDGE) announced a share repurchase program authorized by its Board of Directors, allowing the company to buy back up to 1.5 million shares of Class B common stock. CEO Jonathan Reich stated that the stock is undervalued, and the company is poised to leverage its strong balance sheet amidst significant growth opportunities. As of April 30, 2022, Zedge had approximately 14.86 million shares outstanding. The program includes purchases made through various methods, compliant with regulations. Zedge aims to enhance long-term value for shareholders amid planned growth initiatives.

Zedge, Inc. (NYSE American: ZDGE) has announced enhancements to Emojipedia's website, aimed at improving user experience and monetization. The redesign features a new landing page for better content categorization, a cross-site navigation bar for quicker access to emoji categories, and a stable search bar. These improvements are expected to enhance content discoverability for Emojipedia's over 8 million monthly users. The update follows the introduction of localized versions in multiple languages.

Zedge, Inc. (NYSE American: ZDGE) announced the launch of version 2.0 of its 'NFTs Made Easy' platform on August 8, 2022, in partnership with digital artist Micha Klein. This upgrade allows artists to sell limited editions of original NFTs, promoting broader ownership and value retention. The new platform aims to simplify the NFT marketplace experience and attract a wider audience, including GuruShots players. The first release will be Klein's unique Genesis Animated Crypto Pill NFT, available exclusively in Zedge Premium.