Recent Updates — ZDGE
On October 29, 2026, Zedge's Board declared a quarterly cash dividend of $0.02 per share of Class B common stock. The payment is scheduled for on or about November 23, 2026, to shareholders of record as of November 9, 2026. This represents an annualized dividend rate of $0.08 per share and reflects management's confidence in the company's ongoing free cash flow generation. Zedge builds and operates creator communities serving 20 million monthly active users across its platforms, including a marketplace for mobile personalization content and a B2B AI data business.
Zedge reported fourth-quarter fiscal 2026 total revenue of $7.8 million, a 4% increase from the prior year period, driven by a 25.6% rise in subscription revenue to $1.8 million. GAAP net income turned positive at $0.4 million compared to a loss of $0.6 million previously, while non-GAAP diluted EPS reached $0.04. The company also announced an increase in its quarterly cash dividend to $0.02 per share and reported full-year free cash flow growth of 47% to $4.2 million. Zedge builds and operates creator communities serving millions of monthly active users across mobile personalization content platforms.
Zedge, Inc. completed a $7.7 million insider-led capital raise to accelerate its DataSeeds AI data business, with $6.5 million contributed by Vice-Chairman Howard Jonas alongside other stockholders. The company appointed Morris Berger as Chief Executive Officer effective October 1, 2026, succeeding Jonathan Reich who transitions to President and COO. Zedge reported Q3 FY26 revenue of $8.0 million and ~1.3 million active subscriptions, while maintaining approximately $27.4 million in pro-forma cash with no debt. The company operates in the consumer mobile media and AI data services industry.
Zedge Inc. announced that Jonathan Reich transitioned from Chief Executive Officer to President and Chief Operating Officer effective October 1, 2026. The company entered into a three-year employment agreement providing an annual base salary of $390,000 with annual increases, plus a minimum performance bonus of $124,313. Separation pay is capped at two years of base salary and a prorated bonus upon termination without cause or resignation for good reason. The deal includes full acceleration of equity vesting under those conditions and an award of 100,000 shares of Class B common stock to be granted within 150 days. Zedge Inc. operates in the digital media industry, providing content discovery and engagement platforms.
The Board of Directors appointed Morris Berger as Chief Executive Officer, effective October 1, 2026. The employment agreement provides for an annual base salary of $450,000, a one-time $25,000 signing bonus, and a $25,000 stay bonus. Berger receives options to purchase shares representing 3% of outstanding common stock, vesting over five years. The company operates in the digital content and mobile applications industry.
Zedge, Inc. completed a private placement on September 25, 2026, raising $7,675,000 in gross proceeds through the issuance of 2,616,447 shares of Class B common stock and warrants to purchase 2,354,803 additional shares. The investment was led by Vice Chairman Howard Jonas via Chartwell Holding LLC, which contributed $6,500,000 for 2,218,430 shares and warrants exercisable at $3.22 per share. Board member Elliott Gibber and another stockholder also participated, with their warrants priced at $3.28 per share. Proceeds will accelerate the growth of DataSeeds.AI and support existing businesses. Zedge builds and operates creator communities serving 20 million monthly active users across its platforms.