Zedge Inc
F:34Z
Zedge Inc
Zedge, Inc. engages in the provision of content platforms for smart phone personalization. The company is headquartered in New York City, New York and currently employs 93 full-time employees. The company went IPO on 2016-05-26. The firm monetizes its user base through advertising, subscriptions, and a virtual token-based economy. The Company’s products include Zedge Ringtones and Wallpapers, a freemium digital content marketplace offering mobile phone wallpapers, video wallpapers, ringtones, and notification sounds which was branded as Zedge Premium, and GuruShots, a skill-based photo challenge game. The company operates a digital publishing platform that powers the Zedge App, which is available in the Google Play store and App Store, and offers an easy, entertaining and immersive way for end-users to engage with its rich and diverse catalogue of wallpapers, video wallpapers, ringtones, notification sounds on Android and wallpapers, video wallpapers, ringtones and custom icon packs on iOS. The company secures its content from amateur and professional artists, and from emerging and brands.
Zedge, Inc. engages in the provision of content platforms for smart phone personalization. The company is headquartered in New York City, New York and currently employs 93 full-time employees. The company went IPO on 2016-05-26. The firm monetizes its user base through advertising, subscriptions, and a virtual token-based economy. The Company’s products include Zedge Ringtones and Wallpapers, a freemium digital content marketplace offering mobile phone wallpapers, video wallpapers, ringtones, and notification sounds which was branded as Zedge Premium, and GuruShots, a skill-based photo challenge game. The company operates a digital publishing platform that powers the Zedge App, which is available in the Google Play store and App Store, and offers an easy, entertaining and immersive way for end-users to engage with its rich and diverse catalogue of wallpapers, video wallpapers, ringtones, notification sounds on Android and wallpapers, video wallpapers, ringtones and custom icon packs on iOS. The company secures its content from amateur and professional artists, and from emerging and brands.
Revenue Growth: Zedge reported Q1 revenue of $7.6 million, up 5.8% from last year, marking a return to mid-single-digit growth.
Subscriber Milestone: Active subscriptions reached a record 1.1 million, up 54% year-over-year, driving strong subscription revenue.
Ad Revenue: Advertising revenue rose 6%, with Zedge Marketplace gains offsetting declines at Emojipedia.
Cost Discipline: SG&A expenses fell 13% due to restructuring, despite continued investment in new initiatives.
Profitability: Zedge posted GAAP net income of $0.8 million and EPS of $0.06, reversing losses from last year.
Cash & Buybacks: The company ended the quarter with $18.5 million in cash, no debt, repurchased 240,000 shares, and paid its first quarterly dividend.
DataSeeds Momentum: DataSeeds received a significant repeat order from an AI sector leader, though revenue recognized remains small.
Free Cash Flow: Free cash flow was $0.6 million, temporarily pressured by $330,000 in restructuring-related tax payments.
