Zedge Inc
F:34Z
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Zedge Inc
F:34Z
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US |
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Next PLC
XBER:NXG
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UK |
Zedge Inc
Zedge makes mobile apps and online marketplaces that help people personalize their phones and discover digital entertainment. Its best-known products offer wallpapers, ringtones, notification sounds, live wallpapers, and other downloadables that users can add to their devices. It also owns photo and creator-focused products that let users make, share, and compete with visual content. The company mainly sells access to these digital services through advertising, subscriptions, and paid downloads or in-app purchases. Its customers are everyday consumers who want to customize their phones, along with advertisers and creators who use the platform to reach those users or sell digital content. Zedge stands out because it sits in the middle of the mobile personalization market rather than making physical products. It curates and distributes digital assets, helps creators monetize their work, and earns money each time users view ads, subscribe, or buy content through its apps.
Zedge makes mobile apps and online marketplaces that help people personalize their phones and discover digital entertainment. Its best-known products offer wallpapers, ringtones, notification sounds, live wallpapers, and other downloadables that users can add to their devices. It also owns photo and creator-focused products that let users make, share, and compete with visual content.
The company mainly sells access to these digital services through advertising, subscriptions, and paid downloads or in-app purchases. Its customers are everyday consumers who want to customize their phones, along with advertisers and creators who use the platform to reach those users or sell digital content.
Zedge stands out because it sits in the middle of the mobile personalization market rather than making physical products. It curates and distributes digital assets, helps creators monetize their work, and earns money each time users view ads, subscribe, or buy content through its apps.
Revenue: Zedge reported third-quarter revenue of $8.0 million, up 3.0% year over year, and said the quarter is historically its weakest seasonally.
Marketplace strength: The core Zedge Marketplace remained resilient, with subscription revenue up 31.9%, active subscribers up 40.6% to nearly 1.3 million, and ARPMAU rising to $0.119.
Profitability: The company posted GAAP operating income of $1.1 million and GAAP net income of $0.9 million, while free cash flow rose 55% to $1.2 million.
DataSeeds momentum: Zedge said DataSeeds fulfilled its first 6-figure order for an existing customer and is seeing growing interest in multimodal datasets, though management emphasized revenue will remain lumpy.
Tapedeck progress: The company added new music catalogs and said the focus remains on expanding Tapedeck’s catalog and product appeal for independent artists.
Capital returns: Zedge raised its quarterly dividend 25% to $0.02 per share, repurchased shares, and ended the quarter with $19.7 million in cash and no debt.
