Zedge (AMEX:ZDGE) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $(0.02) by 250 percent. The company reported quarterly sales of $7.700 million which beat the analyst consensus estimate of $7.184 million by 7.18 percent. This is a 14.48 percent increase over sales of $6.726 million the same period last year.
Android version expected to be released this fall NEW YORK, NY / ACCESSWIRE / September 17, 2024 / Zedge, Inc. (NYSE:ZDGE), a leader in building digital marketplaces and friendly competitive games around content that people use to express themselves, today announced groundbreaking enhancements to pAInt, the Zedge Marketplace's popular AI generator feature with over 15 million wallpapers created to date across iOS and Android. This next iteration, debuting on iOS, moves pAInt beyond the world of wallpapers by allowing users to create images of any size and also personalize their photographs using AI.Zedge CEO Jonathan Reich commented, "Today's announcement represents a major leap forward for
NEW YORK, NY / ACCESSWIRE / September 16, 2024 / Zedge, Inc. (NYSE:ZDGE), a leader in building digital marketplaces and friendly competitive games around content that people use to express themselves, today announced its Board of Directors approved a new share repurchase program for up to $5.0 million of its Class B common stock. This new program follows the completion of its prior $3.0 million share repurchase program on August 28, 2024, in which the Company bought back 1.2 million shares of its Class B common stock.Jonathan Reich, Zedge's CEO commented, "Our new stock repurchase program highlights our strong belief that the market is significantly undervaluing Zedge. Both the Zedge Marketp
NEW YORK, NY / ACCESSWIRE / September 13, 2024 / Zedge, Inc. (NYSE:ZDGE), a leader in building digital marketplaces and friendly competitive games around content that people use to express themselves, today announced CEO Jonathan Reich will participate in a fireside chat at the 2024 Gaming, Media & Entertainment Virtual Conference, presented by Maxim Group LLC, on Tuesday, September 17, 2024, at 9:30 a.m. E.T.This conference will be live on M-Vest.com. To attend, just sign up to become an M-Vest member. Click here to reserve your seatAs the Gaming, Media & Entertainment industries continue to evolve, companies are navigating shifting consumer demand and global challenges. The conference will
NEW YORK, NY / ACCESSWIRE / May 30, 2024 / Zedge, Inc. (NYSE:ZDGE), a leader in building digital marketplaces and friendly competitive games around content that people use to express themselves, today announced that, according to a preliminary list of additions posted on Friday, May 24, 2024, it was selected to join the Russell Microcap Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective at the open of U.S. equity markets on Monday, July 1, 2024.Jonathan Reich, CEO of Zedge commented, "With our recent return to revenue growth, continued positive cash flow from operations, the $18.1 million in cash we held at the end of our second quarter with no debt, an
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8-K - Zedge, Inc. (0001667313) (Filer)
14% total revenue growth and 35% subscription revenue growth NEW YORK, NY / ACCESSWIRE / June 10, 2024 / Zedge, Inc. (NYSE:ZDGE), a leader in building digital marketplaces and friendly competitive games around content that people use to express themselves, today announced results for its third quarter of fiscal 2024, ended April 30, 2024."Revenue growth accelerated from last quarter as advertising and subscription revenue showed strong growth across Zedge Marketplace's Android and iOS offerings," said Jonathan Reich, Zedge's chief executive officer. "I'm especially encouraged that we followed up record quarterly revenue in Q2 with record Q3 revenue and that we did not see the customary post-
NEW YORK, NY / ACCESSWIRE / June 3, 2024 / Zedge, Inc. (NYSE:ZDGE) will report financial and operational results for its third fiscal quarter 2024, ended April 30, 2024.Zedge's earnings release will be filed on Form 8-K and posted on the Zedge investor relations website (investor.zedge.net) at approximately 4:10 p.m. Eastern on June 10, 2024.Management will then host an earnings conference call beginning at 4:30 p.m. Eastern to discuss its third fiscal quarter 2024 results, outlook, and strategy, which will be followed by Q&A with investors.Live Call-in Info:Toll Free: 888-506-0062International: 973-528-0011Participant Access Code: 608154Webcast URL: https://www.webcaster4.com/Webcast/Page/2
NEW YORK, NY / ACCESSWIRE / March 15, 2024 / Zedge, Inc. (NYSE:ZDGE), a leader in building digital marketplaces and friendly competitive games around content that people use to express themselves, today announced results for its second quarter of fiscal 2024, ended January 31, 2024."I'm encouraged by the overall positive momentum we experienced during the second quarter as most of our businesses reported strong results," said Jonathan Reich, Zedge's chief executive officer. "Advertising revenue grew by over 18% from last year based on strong performance from the Zedge Marketplace. Additionally, Zedge+, the Zedge Marketplace's subscription offering, reported 11% sequential and 24% year-over-y
Maxim Group reiterated coverage of Zedge with a rating of Buy and set a new price target of $24.00 from $19.00 previously
Maxim Group initiated coverage of Zedge with a rating of Buy and set a new price target of $19.00