Zedge Announces Initiation of Quarterly Cash Dividend

About this update from Zedge, Inc.

[{"type":"text","content":"Strong cash position, debt free balance sheet, ongoing free cash flow generation and share repurchase program highlight confidence in long-term growth and innovation strategy","length":174,"tagName":"p"},{"type":"text","content":"NEW YORK, NY / ACCESS Newswire / October 14, 2025 / Zedge, Inc. (NYSE AMERICAN:ZDGE), $ZDGE, a leader in digital marketplaces and interactive games that provide content, enable creativity, empower self-expression and facilitate community, today announced that its Board of Directors has approved the initiation of a quarterly cash dividend program, expanding the Company's capital return initiatives to further enhance shareholder value.","length":441,"tagName":"p"},{"type":"text","content":"Jonathan Reich, Zedge's CEO, commented:","length":43,"tagName":"p"},{"type":"text","content":""The initiation of a quarterly dividend reflects our confidence in Zedge's long-term growth prospects, ability to generate free cash flow and strong balance sheet. Over the past twelve months, we have repurchased approximately $4 million of our Class B common stock under our $5 million share repurchase authorization, and this dividend represents the next step in our capital return strategy. Importantly, this decision does not impact our ability to invest in organic growth through innovation and product development. In the last month alone, we've introduced Tapedeck and SynCat, two new innovative products. Embracing AI, vibe coding and automations, our newly formed Product Innovation Team aims to drive growth by introducing new products at a rapid pace. Our financial flexibility allows us to both reward shareholders today and continue building for the future."","length":889,"tagName":"p"},{"type":"text","content":"Dividend Details:","length":17,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Quarterly Dividend Amount: $0.016 per share","length":43,"tagName":"p"}]},{"val":[{"type":"text","content":"Record Date: October 24, 2025","length":29,"tagName":"p"}]},{"val":[{"type":"text","content":"Payment Date: November 7, 2025","length":30,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":102,"olType":false},{"type":"text","content":"About Zedge","length":11,"tagName":"p"},{"type":"text","content":"Zedge empowers tens of millions of consumers and creators each month with it...

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