Zedge Stock Price, News & Analysis

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.

Zedge, Inc. (NYSE AMERICAN: ZDGE) announced the launch of localized versions of its Emojipedia website in Spanish, French, German, Italian, and Portuguese ahead of World Emoji Day on July 17. This expansion aims to enhance global accessibility for the nearly one billion native speakers of these languages. Emojipedia has over 8 million monthly users and was acquired by Zedge in August 2021. The move is expected to boost engagement and relevance as the platform capitalizes on recent emoji trends and traffic surge following iOS updates.

Zedge, Inc. (NYSE AMERICAN:ZDGE) announced CEO Jonathan Reich's participation in a virtual panel at the Digital Assets: Exploring The Metaverse & Crypto Assets Conference on June 23, 2022, at 2:00 p.m. EDT. This event focuses on NFTs and their creative aspects, showcasing insights from industry leaders. Zedge is dedicated to building marketplaces and games around digital content, monetizing through ads, subscriptions, and a token-based economy. In May 2022, the company served over 40 million users.

For registration, visit: here.

Zedge, Inc. (NYSE AMERICAN: ZDGE) reported an 18.6% revenue growth to $6.2 million for the third quarter of fiscal 2022. Net income decreased 67.2% to $0.8 million, with diluted EPS falling 70.6% to $0.05. The acquisition of GuruShots closed on April 12, expected to enhance growth despite reporting losses this quarter. Adjusted EBITDA rose 21.8% to $2.9 million, and cash flow from operations increased 41.7% to $5.6 million, aided by a one-time $2 million payment from AppLovin. MAUs declined 7.0%.

Zedge, Inc. (NYSE American: ZDGE) is set to release its third quarter fiscal 2022 financial results on June 13, 2022, after the market closes. The earnings report will be filed on Form 8-K and available on Zedge's investor relations site. Following the report, management will host a conference call at 4:30 PM Eastern to discuss results, outlook, and strategy, with a Q&A session. Zedge serves 44 million monthly active users globally, offering digital consumer brands like Zedge Ringtones and Wallpapers, alongside monetizing content through various channels.