ZDGE News & Events

Zedge announced growing demand for Dataseeds.AI, its B2B offering that provides developers of foundational AI models and enterprises with a source of scalable, commercial-grade on-demand, rights-cleared image datasets for AI training. Customers include leading AI companies. Jonathan Reich, Zedge's CEO, commented: "Zedge's global creator community is a key differentiator for DataSeeds.AI's ability to deliver custom image datasets at scale. When a recent client required images of common objects and how they appear in their native setting across 20 countries, we fulfilled the order by tapping our existing catalog and search capabilities, and launching a targeted GuruShots photo challenge aligned with the customer's specifications to further build out the dataset. Our engineers have also strengthened the platform's search to identify content that may be peripheral to an image's primary subject. These strengths make DataSeeds.AI relevant to enterprises beyond technology companies that need authentic, high-quality content at scale."

Zedge announced the next step in its AI evolution with the formation of a dedicated Product Innovation Team charged with leveraging the power of AI to rapidly ideate, validate and deploy new product concepts at a fraction of the time and cost of traditional development. Over the next year, Zedge plans to introduce approximately six new product "alphas," each governed by a rigorous, KPI-based framework to scale winners and shelf underperformers. Zedge will also continue advancing its existing product portfolio with feature upgrades and new releases.

Reports Q3 revenue $7.8M vs. $7.7M last year. Jonathan Reich, Zedge's CEO, commented: "Our core business demonstrated strong momentum, driving a return to revenue growth in Q3 and highlighting its resilience despite the impact on the ad market resulting from TikTok's temporary U.S. ban and tariff-related uncertainty that caused macroeconomic volatility. We generated $0.8 million in free cash flow, despite approximately $1.0 million of certain payments - primarily severance related to our restructuring and the first portion of the final installment of the retention bonus stemming from the 2022 GuruShots acquisition. On a sequential basis our cash and cash equivalents balance at the end of the quarter increased to $20.4 million, even after repurchasing approximately 220,000 shares in Q3 for roughly $536,000."