Zedge, Inc. (NYSE:ZDGE) Q1 2022 Earnings Conference Call December 13, 2021 4:30 PM ET Company Participants Jonathan Reich - CEO Yi Tsai - CFO Conference Call Participants Allen Klee - Maxim Group Operator Good afternoon, and welcome to the Zedge’s First Quarter 2022 Earnings Conference Call. During management’s prepared remarks, all participants will be in a listen-only mode. [Operator Instructions] After today’s presentation by Zedge’s management, there will be an opportunity to ask questions. [Operator In ...

Zedge, Inc. (NYSE:ZDGE) Q4 2021 Earnings Conference Call November 9, 2021 4:30 PM ET Company Participants Jonathan Reich - CEO Yi Tsai - CFO Conference Call Participants Allen Klee - Maxim Group William Vaughan - RegentAtlantic Capital Operator Good afternoon and welcome to Zedge’s Fourth Quarter and end of fiscal year 2021 Earnings Conference Call. [Operator Instructions] In today’s presentation Jonathan Reich, Zedge’s Chief Executive Officer and Yi Tsai, Zedge’s Chief Financial Officer will discuss Zedge’ ...

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, 2021 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 | | Incorporation ...

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, 2021 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) 1178 Broadway, 3 F ...

Zedge, Inc. (NYSE:ZDGE) Q3 2021 Results Conference Call June 10, 2021 4:30 PM ET Company Participants Jonathan Reich - CEO Yi Tsai - CFO Conference Call Participants Allen Klee - Maxim Group Operator Good afternoon, and welcome to Zedge’s Third Quarter 2021 Earnings Conference Call. During management’s prepared remarks, all participants will be in a listen-only mode. [Operator Instructions] After today’s presentation by Zedge’s management, there will be an opportunity to ask questions. [Operator Instruction ...

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, 2021 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 ...

Financial Data and Key Metrics Changes - Zedge reported a record revenue of over $5 million for Q2 2021, representing an increase of more than 100% compared to the same quarter last year [4] - Operating margin increased to 47% from 3% last year and 29% in Q1 [22] - Net income was $2.3 million with diluted EPS of $0.17, compared to $100,000 and $0.01 in the prior year [22] - Average revenue per monthly user (ARPMAU) reached a record $0.049, an increase of 88% year-over-year and 35% sequentially [21] Business Line Data and Key Metrics Changes - Active subscriptions exceeded 700,000, marking a 139% increase year-over-year and 17% sequentially [20] - Zedge Premium gross transaction value (GTV) was $211,000 in Q2, up 7.1% compared to the year-ago quarter [19] - Monthly active users (MAU) increased by 3.2% to 35.4 million from 34.3 million in January 2020, and up 9.3% sequentially [18] Market Data and Key Metrics Changes - Emerging markets showed strong double-digit growth, while well-developed markets continued to contract, albeit at lower rates than in previous quarters [18] - Approximately 90% of Zedge's users are on Android, while around 10% are on iOS [33] Company Strategy and Development Direction - Zedge aims to enhance user engagement and retention through new features and enhancements following the completion of its content management system (CMS) migration [8][30] - The company is focusing on improving its offerings in well-developed markets to reverse declining user growth [31] - Zedge is exploring potential acquisition targets in mobile gaming, social video, and mindfulness to leverage its user base and expertise [12] Management's Comments on Operating Environment and Future Outlook - Management expects continued strong year-over-year growth in the second half of the fiscal year, projecting top-line growth for fiscal 2021 to increase between 75% to 80% compared to the previous year [13] - The company anticipates Q3 to be seasonally slow but relatively favorable compared to the previous year due to COVID-19 impacts [24] - Management is optimistic about the potential of new features and the ad-supported model to drive user engagement and revenue [10][34] Other Important Information - Zedge completed a $5 million at-the-market offering and plans to initiate a new $10 million program to strengthen its balance sheet [11] - The company is testing new designs to better display premium content and is focused on increasing the number of professional artists using its platform [9] Q&A Session Summary Question: Advertising rates and monetization - Management noted that changes made have resulted in generating more revenue per monthly active user, benefiting from both pre- and post-CMS migration [29] Question: Content Management System (CMS) details - The CMS manages all content in the app and allows for new features and enhancements that are expected to improve engagement and retention [30] Question: Focus on well-developed markets and Apple traction - Zedge is investing in features to reverse the trend of declining user growth in well-developed countries and has rolled out app icons on iOS to generate incremental revenue [31][33] Question: Metrics on ad-supported model - Preliminary data indicates improved engagement and day two retention, but more time is needed to assess the overall impact [34] Question: Monetization of Shortcastz - Management has not yet decided on monetization strategies for Shortcastz and will analyze user engagement first [35] Question: Impact of Google privacy changes - Management stated that the company is not expected to see a material impact from Google's privacy changes due to its relatively small number of Apple users [36] Question: Seasonality in Q3 and Q4 - Historically, there has been a 10% to 20% fall-off in Q3, but management could not confirm if this trend would continue [37] Question: Monthly active users growth attribution - Growth is attributed to app improvements and significant growth in emerging markets, particularly India [40]

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, 2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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) (State or other jurisdiction of incorporation or organization) 1178 Broadway, 3 Floor #1450, New Yo ...

Financial Data and Key Metrics Changes - Zedge reported a record revenue increase of 85% year-over-year, reaching $3.8 million in Q1 2021 [6][24] - Operating margin improved to 29% compared to negative 37% in the previous year and positive 14% in Q4 [28] - Net income was $1 million with diluted EPS of $0.08, a significant turnaround from a net loss of $800,000 and a loss per share of $0.08 in the prior year [28] - EBITDA for Q1 was $1.4 million, up $1.7 million from the previous year [28] Business Line Data and Key Metrics Changes - Paid subscribers exceeded 600,000, marking a 205% increase year-over-year and 21% sequentially [26] - Average Revenue Per Monthly Active User (ARPMAU) reached a record $0.036, an increase of 73% year-over-year and 28% sequentially [27] - Zedge Premium's Gross Transaction Volume (GTV) was $208,000, up 8% year-over-year and 10% sequentially [25] Market Data and Key Metrics Changes - Monthly Active Users (MAU) increased by 9.1% to 32.4 million from 29.7 million in October 2019 [23] - Emerging markets showed strong double-digit growth, while well-developed markets continued to contract [24] Company Strategy and Development Direction - The company is focusing on enhancing user growth in well-developed markets due to higher advertising rates and discretionary income [40] - Investments are being made in a new content management system to improve user engagement and retention through social features [12][36] - Zedge aims to evolve its Premium platform to attract a broader range of creators beyond mobile personalization content [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued revenue growth, targeting at least 20% for the full year, with profitability and positive cash flow expected in each quarter [19][31] - The company anticipates benefiting from year-end advertising spend in Q2, which is expected to be the strongest quarter of the year [42] Other Important Information - Zedge has $6.3 million in cash and cash equivalents, a $1.2 million increase sequentially and a $4.6 million increase year-over-year [29] - The company filed a shelf-registration to raise up to $20 million for potential investment opportunities [30] Q&A Session Summary Question: Timing and rollout of the new content management system - Management expects the new content management system to be available to the entire user base before the end of fiscal Q2, allowing for the introduction of community features [36] Question: Expected benefits of the new features - The expectation is that enhanced community features will drive user engagement, retention, and potentially increase advertising revenues [38][39] Question: Strategies for growing developed country MAUs - The focus is on well-developed economies due to higher advertising rates, with customized experiences being developed for emerging markets [40][41] Question: Seasonality of CPM and advertising budgets - Q2 is typically the strongest quarter due to holiday advertising, while Q3 tends to be weaker, with a recovery expected in Q4 [42]

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, 2020 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 | | Incorporation ...