Financial Data and Key Metrics Changes - Total revenue for Q3 2024 was $7.7 million, representing a 14% increase from the previous year [18] - Average revenue per monthly active user (ARPMAU) reached a record $0.074, up 39% year-over-year [6][20] - GAAP net income was $0.1 million, compared to a loss of $7.7 million in the prior year [22] - Non-GAAP net income increased 60% to $0.5 million, with non-GAAP diluted EPS rising 54% to $0.03 [22] Business Line Data and Key Metrics Changes - Ad revenue increased by 20% year-over-year, driven by the Zedge Marketplace [6] - Subscription revenue grew by 35% compared to last year, marking the fourth consecutive quarter of sequential growth [20] - Digital goods and services revenue, including GuruShots, decreased by 20% to $0.9 million [19] Market Data and Key Metrics Changes - Monthly Active Users (MAU) for April was reported at 27.7 million, indicating a decrease [18] - Zedge Premium's gross transaction value (GTV) reached a record $590,000, growing 45% from the previous year [20] Company Strategy and Development Direction - The company aims to build a full-stack marketing team to drive growth, focusing on influencer marketing and product marketing in fiscal 2025 [7][8] - Investments in product development are expected to lead to innovation and cost efficiencies, propelling revenue and profit growth [8] - The introduction of Generative AI tools, such as pAInt and WishCraft, is part of the strategy to enhance user engagement and content creation [9][10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing geopolitical, macroeconomic, and industry-specific challenges but expressed optimism about sustainable long-term growth [6] - The company is focused on optimizing user acquisition and retention strategies to stabilize and grow the user base [37] - Management believes they are on the right path to accelerate revenue growth and profits, with a focus on shareholder value [18] Other Important Information - The company added nearly $2 million in cash, ending the quarter with $19.9 million in cash and cash equivalents [23] - SG&A expenses increased by 35% to $6.8 million, primarily due to higher marketing expenses [21] Q&A Session Summary Question: What was the revenue for GuruShots in the quarter? - GuruShots revenue was $0.9 million [24][25] Question: What is the plan for adding new features to GuruShots? - The focus is on improving onboarding, game economy, and progression mechanics to enhance user engagement and revenue [26][31] Question: What areas is paid marketing focused on? - Paid marketing is primarily aimed at user acquisition for both Zedge and GuruShots, with a focus on return on ad spend [36] Question: How does the company view the recent performance of Emojipedia? - Management views the performance as temporary and is implementing new initiatives to improve the platform [41]

Revenue Growth - Total revenue increased by 13.8% to $7.7 million compared to $6.7 million in Q3 FY23[4] - Subscription revenue grew by 34.9% to $1.1 million, up from $0.8 million in Q3 FY23[4] - Advertising revenue rose by 19.4% to $5.5 million, compared to $4.6 million in Q3 FY23[4] - Total revenue for FY23 was $27.2 million, a 2.6% increase from FY22's $26.5 million[14] - Advertising revenue reached $20.3 million in FY22, but decreased to $18.3 million in FY23, reflecting a decline of 9.8%[14] - Revenues for the three months ended April 30, 2024, were $7.658 billion, a 13.9% increase from $6.726 billion in the same period of 2023[23] User Engagement - Monthly Active Users (MAU) decreased by 13.4% to 27.7 million from 32.0 million in Q3 FY23[7] - Average Revenue Per Monthly Active User (ARPMAU) grew by 39.7% to $0.074 from $0.053 in Q3 FY23[7] - Monthly Active Users (MAU) decreased to 30.9 million in Q423 from 32.0 million in Q323, a decline of 3.4%[14] - Active subscriptions (in thousands) were 647 in Q423, a slight increase from 631 in Q323[14] - The company plans to introduce new features and services for Emojipedia over the next 12 months to drive user engagement and monetization growth[9] - GuruShots is undergoing a transition with a new coin-based economy aimed at improving engagement and retention[10] Financial Performance - Non-GAAP net income was $0.5 million, a 59.7% increase from $0.3 million in Q3 FY23[5] - GAAP net income for Q423 was $0.1 million, compared to a loss of $7.7 million in Q223, indicating a significant recovery[14] - Non-GAAP diluted EPS for FY23 was $0.13, up from $0.11 in FY22, representing an 18.2% increase[14] - Cash flow from operations for FY23 was $3.2 million, a decrease from $5.2 million in FY22[14] - Adjusted EBITDA for the nine months ended April 30, 2024, was $3.9 million, down from $5.7 million in the same period of 2023[27] - Non-GAAP diluted earnings per share for the latest quarter was $0.59, compared to $0.13 in the previous quarter, reflecting a significant increase[28] - The company has shown a steady performance in earnings per share, maintaining values between $0.04 and $0.06 in recent quarters[28] Cash Flow and Assets - Cash flow from operations increased by 44.5% to $2.3 million compared to $1.6 million in Q3 FY23[5] - The total assets decreased to $38.139 million as of April 30, 2024, from $46.831 million as of July 31, 2023[20] - Operating activities generated net cash of $5.155 million for the nine months ended April 30, 2024, compared to $2.743 million in the same period of 2023, indicating an increase of 88.5%[25] - Cash and cash equivalents at the end of the period were $19.925 million, up from $18.067 million at the end of the same period in 2023[25] - The company reported a net increase in cash and cash equivalents of $1.800 million for the nine months ended April 30, 2024[25] Losses and Impairments - Net loss for the nine months ended April 30, 2024, was $9.132 billion, compared to a net loss of $6.257 billion for the same period in 2023, reflecting a 45.5% increase in losses[25] - The company reported an impairment charge of intangible assets amounting to $11.958 billion for the nine months ended April 30, 2024[25] - Total comprehensive loss for the nine months ended April 30, 2024, was $9.473 billion, compared to a loss of $6.578 billion in the same period of 2023[23] Gross Transaction Value - Zedge Premium Gross Transaction Value (GTV) increased by 44.4% to $0.59 million from $0.41 million in Q3 FY23[5] - The company reported a total of 1.51 million in Gross Transaction Value (GTV) for Zedge Premium in FY23, slightly up from 1.54 million in FY22[14]

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

Zedge, Inc. (NYSE:ZDGE) Q2 2024 Earnings Conference Call March 15, 2024 10:00 AM ET Company Participants Brian Siegel - Senior Managing Director, Hayden IR Jonathan Reich - Chief Executive Officer Yi Tsai - Chief Financial Officer & Treasurer Conference Call Participants Allen Klee - Maxim Group Operator Good day and welcome to Zedge's Earnings Conference Call for the Second Fiscal Quarter 2024 Results. [Operator Instructions] I will now turn the call over to your host, Brian Siegel. The floor is yours. Bri ...

Exhibit 99.1 Zedge Announces Second Quarter Fiscal 2024 Results New York, NY – March 15, 2024: Zedge, Inc. (NYSE AMERICAN: 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 ...

FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FOR THE QUARTERLY PERIOD ENDED OCTOBER 31, 2023 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 ...

Zedge, Inc. (NYSE:ZDGE) Q1 2024 Earnings Conference Call December 13, 2023 4:30 PM ET Company Participants Brian Siegel - Senior Managing Director, Hayden IR Jonathan Reich - Chief Executive Officer Yi Tsai - Chief Financial Officer and Treasurer Conference Call Participants Allen Klee - Maxim Group Operator Good afternoon and welcome to Zedge’s Earnings Conference Call for the First Fiscal Quarter 2024 Results. During management's prepared remarks, all participants will be in listen-only mode. [Operator In ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Fiscal Year Ended July 31, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ Indicate by check mark if the registrant is not required to file reports pursu ...

Zedge, Inc. (NYSE:ZDGE) Q4 2023 Earnings Conference Call October 26, 2023 4:30 PM ET Company Participants Brian Siegel - Investor Relations, Hayden Jonathan Reich - Chief Executive Officer Yi Tsai - Chief Financial Officer Conference Call Participants Allen Klee - Maxim Group Operator Good afternoon and welcome to Zedge's Earnings Conference Call for Fiscal Fourth Quarter and End of Year 2023 Results. [Operator Instructions] I will now turn the call over to Brian Siegel. Sir, you may begin. Brian Siegel Tha ...

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 APRIL 30, 2023 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 | | inco ...