UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JANUARY 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-37782 ZEDGE, INC. (Exact Name of Registrant as Specified in its Charter) | Delaware | 26-3199071 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | in ...

Exhibit 99.1 Zedge Announces Second Quarter Fiscal 2025 Results Zedge Marketplace active subscribers and subscription revenue increased 22% and 13%, respectively Zedge Marketplace ARPMAU increased 9% Zedge Premium GTVincreased 27% Free cash flow 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 a ...

Zedge Announces GuruShots Restructuring to Improve Profitability and Position Itself for Long-term Growth ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED OCTOBER 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-37782 ZEDGE, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 26-3199071 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer ...

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. [Operator Instructions] Afte ...

Exhibit 99.1 Zedge Announces First Quarter Fiscal 2025 Results Zedge Marketplace subscription revenue increased 21% Zedge Marketplace ARPMAU increased 22% Zedge Premium GTVincreased 62% New York, NY – 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, Z ...

User Engagement and Growth - As of July 31, 2024, the Zedge App had been installed nearly 674 million times and had 26.1 million monthly active users (MAU) [358] - As of July 31, 2024, Zedge had approximately 669,000 active subscribers, following the introduction of a subscription tier in the iOS version of the app in April 2023 [361] - Emojipedia, acquired in August 2021, received approximately 37.6 million monthly page views and had about 9.6 million MAU as of July 31, 2024 [369] - As of July 31, 2024, Monthly Active Users (MAU) for the Zedge App declined by 15.5% year-over-year to 26.1 million, primarily due to attrition in both developed and emerging markets [417] - MAU in emerging markets represented 78.9% of total MAU, up from 78.0% a year prior, negatively impacting revenue due to lower advertising rates in these markets [417] Revenue Generation - Zedge generates revenue primarily from advertising, paid subscriptions, and sales of premium content, with a significant portion from advertising inventory sales [375] - GuruShots generates revenue mainly through in-app purchases of virtual goods, enhancing the gaming experience for users [383] - Advertising revenue for the Zedge Marketplace grew by 15.2% to $21.0 million, while paid subscription revenue increased by 24.7% to $4.3 million [427] - Subscription billings for the fiscal year ended July 31, 2024, rose by 62.8% to $5.7 million, reflecting strong growth in subscription offerings [430] - Zedge Premium net revenue increased by 44.8% to $1.2 million, with a gross margin of 56% for the fiscal year ended July 31, 2024 [433] Financial Performance - Total revenues for the fiscal year ended July 31, 2024, increased by 10.5% to $30.1 million compared to $27.2 million in the prior year [425] - The company reported a net loss of $9.2 million for the fiscal year ended July 31, 2024, compared to a net loss of $6.1 million in the previous year, reflecting a 50.3% increase in losses [425] - The average monthly revenue per active subscription increased by 25.0% to $0.55 for the fiscal year ended July 31, 2024 [428] - Digital Goods and Services revenue decreased by 25.2% to $3.5 million, primarily due to a 26.3% decline in Monthly Active Payers (MAPs) for GuruShots [436] Expenses and Costs - Selling, general and administrative (SG&A) expenses increased by $3.8 million, or 17.2%, to $25,625,000, with SG&A as a percentage of revenues rising to 85.2% from 80.2% [438] - Direct cost of revenues in fiscal 2024 decreased by $0.4 million, or 17.1%, to $1,859,000, resulting in a percentage of revenue decline to 6.2% from 8.2% in fiscal 2023 [437] - Stock-based compensation expense decreased by $0.4 million, or 15.0%, to $2,141,000, primarily due to lower compensation related to deferred stock unit grants [442] - Depreciation and amortization expense decreased by $0.8 million, or 24.9%, to $2,454,000, as a percentage of revenues declined to 8.2% from 12.0% [444] Impairment and Charges - The company recorded a non-cash goodwill impairment charge of $8.7 million during the third quarter of fiscal 2023 due to the carrying value exceeding fair value [399] - The company recognized $11.9 million in impairment charges in Q2 of the fiscal year ended July 31, 2024, related to intangible assets [394] - The company recorded a full impairment charge of $11.9 million for intangible assets related to the GuruShots segment in Q2 of fiscal 2024 [445] Cash Flow and Liquidity - Cash and cash equivalents as of July 31, 2024, were approximately $20.0 million, with working capital of $17.7 million [459] - Cash flow from operating activities increased by $2.7 million to $5,850,000 in fiscal 2024 from $3,162,000 in fiscal 2023 [461] - The Company entered into an Amended Loan Agreement with Western Alliance Bank, providing a new term loan facility of $7,000,000 and a revolving credit facility of $4,000,000 [465] Strategic Initiatives - Zedge plans to leverage synergies between Zedge and GuruShots, enabling GuruShots players to sell their photos on the Zedge platform [368] - The Company committed to a retention pool of $4 million in cash related to the acquisition of GuruShots, payable over three years [475] Market and Economic Factors - Advertising spend accounts for approximately 70% of the company's revenue in fiscal 2024, influenced by global macroeconomic factors and the ongoing Israel-Hamas war [413] - The company is exposed to foreign exchange fluctuations and macroeconomic uncertainties that could impact operations and financial performance [413] Internal Controls and Governance - The Company assessed its internal control over financial reporting as effective as of July 31, 2024 [485] - The Company has no plans to pay dividends until achieving sustainable profitability and maintaining minimum cash reserves [472]

Zedge, Inc. (NYSE:ZDGE) Q4 2024 Earnings Conference Call October 29, 2024 11:00 AM ET Company Participants Brian Siegel - Investor Relations Jonathan Reich - Chief Executive Officer Yi Tsai - Chief Financial Officer and Treasurer Conference Call Participants Derek Greenberg - Maxim Group Allen Klee - Maxim Group Operator Good day and welcome to the Zedge Earnings Conference Call for the Fourth Quarter and End of Year Fiscal 2024 Results. During management's prepared remarks, all participants will be in a li ...

Exhibit 99.1 Zedge Announces Fourth Quarter and Full Year Fiscal 2024 Results Fourth quarter total revenue growth of 14% Fourth quarter Zedge Marketplace subscription revenue grew 31% Fourth quarter Zedge Marketplace ARPMAU increased 43% New York, NY – October 29, 2024: Zedge, Inc. (NYSE AMERICAN: 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 ...

. . Zedge Announces Participation in the LD Micro Main Event XVII Presentation on Tuesday, October 29th at 3 PT October 17, 2024 2:08 PM EDT | Source: LD Micro 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 Hot ...