Initiatives, including an approximate 14% reduction in Zedge's global headcount, mostly impacting GuruShots, are expected to lower costs by approximately $1.7 million (pre-tax) on an annualized basisCost reductions expected to enhance profitability and cash flowComprehensive overhaul of the GuruShots game underway, targeting much-improved player experience to drive future growth NEW YORK, NY / ACCESS Newswire / January 21, 2025 / Zedge, Inc. (NYSE:ZDGE), $ZDGE, a leader in digital marketplaces and interactive games that provide content, enable creativity, empower self-expression and facilitate community, today announced a corporate restructuring designed to streamline operations and enhance

NEW YORK, NY / ACCESSWIRE / December 5, 2024 / Zedge, Inc. (NYSE:ZDGE) will report financial and operational results for its first fiscal quarter 2025 results, ending October 31, 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 6:30 AM Eastern on December 16, 2024.Management will then host an earnings conference call beginning at 10 AM Eastern to discuss its earnings 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: 118473https://www.webcaster4.com/Webcast/Page/2205/51726Replay:T

Users Can Now Access More Zedge Content and Get Increased Value from Zedge Credit Purchases Made on the WebsiteModernized user interface mirrors mobile app NEW YORK, NY / ACCESSWIRE / November 13, 2024 / Zedge, Inc. (NYSE:ZDGE), a leader in digital marketplaces and interactive games that provides content, enables creativity, empowers self-expression and facilitates community, today announced a significant enhancement to Zedge Marketplace's (https://www.zedge.net/) website that allows users to purchase premium wallpapers directly on the website, providing purchasers with improved value by avoiding third-party app store fees. "We're making it easier and even more affordable for users to purc

Fourth quarter total revenue growth of 14%Fourth quarter Zedge Marketplace subscription revenue grew 31%Fourth quarter Zedge Marketplace ARPMAU1 increased 43% NEW YORK, NY / ACCESSWIRE / October 29, 2024 / Zedge, Inc. (NYSE:ZDGE), a leader in digital marketplaces and interactive games that provides content, enables creativity, empowers self-expression and facilitates community, today announced results for its fourth quarter and full year fiscal 2024, ended July 31, 2024.Jonathan Reich, Zedge's CEO, commented, "We concluded the year with strong momentum, achieving 14% overall company revenue growth in the fourth quarter, including impressive Zedge Marketplace subscription revenue growth of 31

Updates focused on attracting new players, improving engagement and retention and driving revenue NEW YORK, NY / ACCESSWIRE / October 23, 2024 / Zedge, Inc. (NYSE:ZDGE), a leader in digital marketplaces and interactive games that empower self-expression, today announced recent updates to GuruShots,"The World's Greatest Photography Game." These enhancements include a robust onboarding experience, the launch of missions and the adoption of a coin-based in-game economy, all aimed at attracting new players, driving engagement, improving retention and unlocking new monetization potential. "With the introduction of an inviting onboarding experience, the addition of missions and a revamped game eco

NEW YORK, NY / ACCESSWIRE / October 22, 2024 / Zedge, Inc. (NYSE:ZDGE) will report financial and operational results for its fourth quarter and end of year fiscal 2024 results, ending July 31, 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 6:30 AM Eastern on October 29, 2024.Management will then host an earnings conference call beginning at 11 AM Eastern to discuss its earnings 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: 311549Webcast URL: https://www.webcaster4.com/Webca

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 / September 12, 2024 / Zedge, Inc. (NYSE:ZDGE), a leader in building digital marketplaces and friendly competitive games around content that people use to express themselves, today unveiled compelling new data showing a significant consumer preference for AI-generated content in the Zedge Marketplace. Contrary to recent findings from the University of Washington, Zedge's data reveal that its users are increasingly drawn to AI-created art over human-made images.Since August 2022, when generative artificial intelligence (Gen AI) models that produce unique photorealistic images from text and image prompts first became widely available, the Zedge Marketplace has experie

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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

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

NEW YORK, NY / ACCESSWIRE / December 5, 2024 / Zedge, Inc. (NYSE:ZDGE) will report financial and operational results for its first fiscal quarter 2025 results, ending October 31, 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 6:30 AM Eastern on December 16, 2024.Management will then host an earnings conference call beginning at 10 AM Eastern to discuss its earnings 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: 118473https://www.webcaster4.com/Webcast/Page/2205/51726Replay:T

Fourth quarter total revenue growth of 14%Fourth quarter Zedge Marketplace subscription revenue grew 31%Fourth quarter Zedge Marketplace ARPMAU1 increased 43% NEW YORK, NY / ACCESSWIRE / October 29, 2024 / Zedge, Inc. (NYSE:ZDGE), a leader in digital marketplaces and interactive games that provides content, enables creativity, empowers self-expression and facilitates community, today announced results for its fourth quarter and full year fiscal 2024, ended July 31, 2024.Jonathan Reich, Zedge's CEO, commented, "We concluded the year with strong momentum, achieving 14% overall company revenue growth in the fourth quarter, including impressive Zedge Marketplace subscription revenue growth of 31

NEW YORK, NY / ACCESSWIRE / October 22, 2024 / Zedge, Inc. (NYSE:ZDGE) will report financial and operational results for its fourth quarter and end of year fiscal 2024 results, ending July 31, 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 6:30 AM Eastern on October 29, 2024.Management will then host an earnings conference call beginning at 11 AM Eastern to discuss its earnings 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: 311549Webcast URL: https://www.webcaster4.com/Webca

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

NEW YORK, NY / ACCESSWIRE / March 8, 2024 / Zedge, Inc. (NYSE:ZDGE) will report financial and operational results for its second fiscal quarter 2024, ended January 31, 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 6:30 a.m. Eastern on March 15, 2024. Management will then host an earnings conference call beginning at 10 a.m. Eastern to discuss its second 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: 664424Webcast URL: https://www.webcaster4.com/Webcast/P

NEW YORK, NY / ACCESSWIRE / December 13, 2023 / 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 first quarter fiscal 2024, ended October 31, 2023."Our first quarter financial results reflect the positive trends we discussed during the fourth quarter," said Jonathan Reich, Zedge's chief executive officer. "Zedge+, the Zedge Marketplace's subscription offering, which returned to sequential active subscriber growth last quarter after six quarters of sequential declines, continued delivering net active subscriber gains in the first quarter. Furthermore, Zedge+ r

NEW YORK, NY / ACCESSWIRE / December 6, 2023 / Zedge, Inc. (NYSE:ZDGE) will report financial and operational results for its first fiscal quarter 2024, ended October 31, 2023.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 December 13, 2023. Management will then host an earnings conference call beginning at 4:30 p.m. Eastern to discuss its first 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: 575696Webcast URL: https://www.webcaster4.com/Web

NEW YORK, NY / ACCESSWIRE / October 26, 2023 / 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 fourth quarter and full-year fiscal 2023, ended July 31,2023."Fiscal 2023 was a transition year for Zedge, and despite the geopolitical, macro-economic, and industry-specific challenges we faced, we finished the year in a much stronger position with respect to product, operations and talent," said Jonathan Reich, chief executive officer. "Our year-over-year financial results don't reflect these improvements due to being skewed by favorable non-cash accounting adjus