Zedge (ZDGE) News & Sentiment

Zedge Marketplace active subscribers and subscription revenue increased 22% and 13%, respectively Zedge Marketplace ARPMAU1 increased 9% Zedge Premium GTV1 increased 27% Free cash flow2 of $0.6 million 10% year-over-year revenue decline was mainly related to uncertainty in TikTok's U.S pre-ban status and its temporary removal from app stores Announced restructuring activities, including 22% global workforce reduction, which along with other items are anticipated to save approximately $4 million in annualized costs and increase profits and free cash flow NEW YORK, NY / ACCESS Newswire / March 12, 2025 / Zedge, Inc. (NYSE AMERICAN:ZDGE), $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 second quarter fiscal 2025, ended January 31, 2025. Jonathan Reich, Zedge's CEO, commented: "This quarter's 10% year-over-year revenue decline was primarily driven by: the material pullback in TikTok's U.S. ad spend resulting from its potential ban in the U.S., lower MAU and the ongoing drag from GuruShots on our overall revenue growth and profitability, all of which we are actively addressing.

NEW YORK, NY / ACCESS Newswire / March 3, 2025 / Zedge, Inc. (NYSE American:ZDGE) will report financial and operational results for its second fiscal quarter 2025 results, ending January 31, 2025. 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 PM Eastern on March 12, 2025.

Estimated total global restructuring and other cost reductions to save $3.9 to $4.1 million annually relative to Q1 FY25 run rate - FY24 free cash flow* was $4.7 million Total global restructuring efforts to date include a 22% workforce reduction with expected annualized compensation-related cost savings of approximately $2.6 million (pre-tax); additional $0.1 to $0.3 million in annualized non-employee cost reductions being targeted Other annual cost reductions of $1.2 million stem from the completion of scheduled payments of GuruShots acquisition-related retention bonuses NEW YORK, NY / ACCESS Newswire / February 5, 2025 / Zedge, Inc. (NYSE AMERICAN:ZDGE), $ZDGE, a leader in digital marketplaces and interactive games that foster creativity, self-expression and community engagement, today announced additional restructuring initiatives, mainly the closure of its Norway operations. Combined with the previously announced headcount and compensation expense reductions at GuruShots and other initiatives, these actions mark a key milestone in the Company's strategy to streamline operations and enhance profitability while positioning for growth and revamped focus.

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 basis Cost reductions expected to enhance profitability and cash flow Comprehensive 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 AMERICAN: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 profitability. The Company expects the restructuring, which includes employees and contractors, will reduce Zedge's global workforce by approximately 14% and generate approximately $1.7 million in pre-tax, annualized cost savings with additional cost benefits from lower discretionary spending related to GuruShots during the remainder of fiscal 2025.

Zedge Marketplace subscription revenue increased 21% Zedge Marketplace ARPMAU1 increased 22% Zedge Premium GTV1 increased 62% NEW YORK, NY / ACCESSWIRE / December 16, 2024 / Zedge, Inc. (NYSE AMERICAN:ZDGE), $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 first quarter fiscal 2025, ended October 31, 2024. Jonathan Reich, Zedge's CEO, commented: "We are encouraged by the underlying trends in our business, which provide a strong foundation for future growth despite a mixed bag of results at the start of the fiscal year.

Zedge, Inc. (NYSE:ZDGE ) Q1 2025 Earnings Conference Call December 16, 2024 10:00 AM ET Company Participants Brian Siegel - Investor Relations Jonathan Reich - Chief Executive Officer Yi Tsai - Chief Financial Officer and Treasurer Conference Call Participants Allen Klee - Maxim Group Operator Good day and welcome to the Zedge's Earnings Conference Call for the First Quarter Fiscal 2025 Results. During management's prepared remarks, all participants will be in a listen-only mode.

NEW YORK, NY / ACCESSWIRE / December 5, 2024 / Zedge, Inc. (NYSE American: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.

Updates focused on attracting new players, improving engagement and retention and driving revenue NEW YORK, NY / ACCESSWIRE / October 23, 2024 / Zedge, Inc. (NYSE American: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.

Presentation on Tuesday, October 29th at 3 PT New York, New York--(Newsfile Corp. - October 17, 2024) - Zedge (NYSE American: ZDGE), a leader in building digital marketplaces and friendly competitive games around content that people use to express themselves, announced today that it will be presenting at the 17th annual Main Event on Tuesday, October 29th at 3 PT at the Luxe Sunset Boulevard Hotel. Jonathan Reich, CEO, will be representing the company.