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 American: ZDGE) is a software publisher focused on digital marketplaces, interactive games and AI-driven platforms, and its news flow reflects activity across this ecosystem. Company announcements frequently cover financial results for its fiscal quarters and years, reported via earnings releases that are also furnished on Form 8-K. These updates discuss revenue by category, profitability measures, cash flow, subscription trends, user metrics and share repurchase activity, as well as commentary on business performance.
News about Zedge also highlights developments in its product portfolio. The company issues press releases about the Zedge Marketplace, which offers mobile wallpapers, video wallpapers, ringtones and notification sounds, and about features such as pAInt, its generative AI maker. Updates on GuruShots, described as “The World’s Greatest Photography Game,” and Emojipedia, its emoji information resource, appear alongside information on newer initiatives like DataSeeds.AI, Tapedeck and SynCat.
Recent communications have described the launch and growth of DataSeeds.AI, a B2B platform for rights-cleared visual and video datasets used in AI training, including new customer wins and enhancements to search capabilities. Zedge has also announced Tapedeck, a music app and service positioned around an artist-first compensation model, and the formation of an AI-powered Product Innovation Team, with SynCat cited as an example of rapid, AI-driven product development.
Investors following ZDGE news can expect coverage of capital allocation decisions such as the initiation of a quarterly cash dividend program and ongoing share repurchases, as well as participation in investor conferences and earnings calls. This news page aggregates these releases and related market updates, making it easier to monitor how Zedge’s financial performance, creator platforms and AI-focused initiatives evolve over time.
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.
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.