Zedge, Inc.

Zedge, Inc. has officially appointed Morris Berger as its Chief Executive Officer, effective October 1, 2026. His employment agreement includes an annual base salary of $450,000, a $25,000 signing bonus, and a $25,000 stay bonus. Additionally, Mr. Berger will receive stock options representing 3% of the company's outstanding shares, vesting over five years, with full acceleration in case of termination without cause or resignation for good reason.

Zedge, Inc. filed an investor presentation highlighting strong financial performance for the first half of fiscal year 2026 and strategic growth initiatives. The company reported a 9% increase in 1H FY26 revenue, with Non-GAAP Net Income of $2.6 million and Adjusted EBITDA of $3.6 million. Zedge emphasized its capital-efficient consumer mobile app publishing model, record ARPMAU, and consistent subscriber growth. The presentation also detailed "unpriced optionality" through its new B2B DataSeeds.AI business for AI training data and its Product Innovation Team developing new apps.

Zedge, Inc. reported a significant increase in net income for the three months ended April 30, 2026, reaching $0.93 million, up from $0.19 million in the prior year. This was driven by a 3% rise in revenue to $7.99 million. For the nine-month period, the company recorded a net loss of $0.58 million, which included a $3.7 million non-cash impairment charge related to Emojipedia intangible assets due to changes in Google's SERP and AI platform impacts. The company also saw an increase in cash and cash equivalents and amended its stock incentive plan.

Zedge, Inc. announced its third quarter fiscal 2026 results, reporting a 3.0% increase in total revenue to $8.0 million. The company saw significant growth in subscription revenue, up 32% year-over-year, and active subscriptions increased by 41% to nearly 1.3 million. Key metrics like ARPMAU and Zedge Premium GTV also showed strong year-over-year growth. The company highlighted the fulfillment of its first six-figure order for DataSeeds.AI and a 55% increase in free cash flow to $1.2 million. Zedge also announced a 25% increase in its quarterly dividend.