Slide 1: Company Overview
Company Overview J UN E 20 2 6 Unless otherwise noted, data used in this presentation relates to the period ended April 30, 2026. Fiscal year end is July 31st.
Slide 2: Safe Harbor Statement
© 2026 Zedge, Inc. Safe Harbor Statement This presentation contains statements that are, or may be considered to be, Forward-looking statements are based on Zedge’s current expectations, forward-looking statements. All statements that are not historical facts are estimates and assumptions and becaus
Slide 3: Strong Core. Undervalued. Optionality.
© 2026 Zedge, Inc. Strong Core. Undervalued. Optionality. $24M $20M $3.1M ~3% Enterprise Value* Cash / No Debt TTM FCF* Div Yield** A capital-efficient consumer mobile 1H FY25 VS 1H FY26 app publisher with a 20M+ user Revenue: +9% creator community, self-funding its Non-GAAP NI: $0.6M $2.6M next gro
Slide 4: About Zedge
© 2026 Zedge, Inc. About Zedge Consumer mobile app publisher DataSeeds leverages our creator AI-powered Product Innovation with a massive creator community community to produce rights-cleared, Team pre-validates new app ideas, spanning Zedge Marketplace and ethically sourced, multimodal AI builds fa
Slide 5: The Bear Case and Why we Disagree
© 2026 Zedge, Inc. The Bear Case and Why we Disagree The Concern The Reality MAU is declining Q3 FY ’26 ARPMAU at a record $0.119, up 21% YoY by focusing on T1 customers. Discretionary app Mid-90% gross margin. Nine consecutive quarters of subscriber growth. Nearly 1.3M paying with no moat subscribe
Slide 6: Zedge Marketplace: A Durable, High-Margin Core Business
© 2026 Zedge, Inc. Zedge Marketplace: A Durable, High-Margin Core Business Leading marketplace for One of the most capital- Access to a 20M+ creator mobile phone personalization efficient models in consumer community for managed crowd content with mid-90’s gross tech. content creation for AI trainin
Slide 7: Monetization Expertise: Record Results
© 2026 Zedge, Inc. Monetization Expertise: Record Results Advertising Subscriptions Creator Economy +18.3% +32% +17% Increase Revenue ZP GTV in CPMs* Growth** Growth** Relentless Recurring, high Premium artists sell optimization of ad visibility revenue their content to inventory and Record ~1.3 mil
Slide 8: Capital Allocation
© 2026 Zedge, Inc. Capital Allocation Owner mindset Insider ownership is ~16% of stock. The Math Management and the board are also shareholders with total ownership of 23.3%* • $24M enterprise value. • $20M cash. Deploying Capital Across Four Priorities • Zero debt. • DataSeeds and AI-Product Innova
Slide 9: Unpriced Optionality - DataSeeds.AI
© 2026 Zedge, Inc. Unpriced Optionality - DataSeeds.AI Two early-stage bets that are self funded. Neither reflected in a $23M enterprise value. Zedge's first B2B business, born from the GuruShots acquisition and built on the scale of our 20M+ creator communities: rights-cleared, multimodal AI traini
Slide 10: Unpriced Optionality - Product Innovation Team
© 2026 Zedge, Inc. Unpriced Optionality - Product Innovation Team Two early-stage bets that are self funded. Neither reflected in a $23M enterprise value. Product Innovation Team A capital-efficient, repeatable framework for discovering and scaling Zedge's next core business. Pre-validate before wri
Slide 11: Portfolio Context: Emojipedia and GuruShots
© 2026 Zedge, Inc. Portfolio Context: Emojipedia and GuruShots The world's #1 trusted source for all things emoji. Highly The world's most popular photo competition game with over profitable with exceptional margins. 180M photo uploads. Google disrupted Emojipedia's traffic model by displaying Apple
Slide 12: Financial Snapshot: A Profitability Inflection
© 2026 Zedge, Inc. Financial Snapshot: A Profitability Inflection (in M) Q125 Q225 Q325 Q425 Q126 Q226 Q326 Total Revenue $7.2 $7.0 $7.8 $7.5 $7.6 $8.3 $8.0 $4 $5 GAAP Net Income (Loss) ($0.3) ($1.7) $0.2 ($0.6) $0.8 ($2.3) $0.9 Non-GAAP Net Income (Loss) ($0.0) ($0.2) $0.9 $0.1 $0.9 $0.8 $1.0 Free
Slide 13: Key Management: Skilled and Experienced Team
© 2026 Zedge, Inc. Key Management: Skilled and Experienced Team Jonathan Reich Yi Tsai Tim Quirk CEO, Zedge, Inc. CFO, Zedge, Inc. SVP, Product, Zedge, Inc. Jonathan has been our CEO since August ‘20 Yi has served as our CFO and Treasurer since Tim has served as SVP of Product since selling and as o
Slide 14: Backed by Jonas family, operators behind $3.7B+ in exits and multiple IPOs
© 2026 Zedge, Inc. Backed by Jonas family, operators behind $3.7B+ in exits and multiple IPOs IDT Corp (NYSE: IDT) founded by Howard Jonas and controlled by the Jonas family, spun off its controlling interest in Zedge in June 2016. The Jonas family maintains significant holdings in Zedge and has a p
Slide 15: (NYSE American: ZDGE)
(NYSE American: ZDGE) Company contact: Jonathan Reich, CEO jonathan.reich@zedge.net Investor relations contact: Brian Siegel (346) 396-8696 brian@haydenir.com 15
Slide 16: Appendix - Reconciliation of Non-GAAP Financial Metrics
© 2026 Zedge, Inc. Appendix - Reconciliation of Non-GAAP Financial Metrics YTD Free Cash Flow Calcula on Q125 Q225 Q325 Q425 Q126 Q226 Q326 FY24 FY25 FY26 Cash Flow from Opera ons $1.2 $0.7 $0.9 $0.7 $0.8 $0.9 $1.2 $5.9 $3.4 $2.9 Capital Expenditures $0.2 $0.1 $0.1 $0.2 $0.2 $0.1 $0.0 $1.2 $0.5 $0.3
Slide 17: Appendix - Trended Financial Information
© 2026 Zedge, Inc. Appendix - Trended Financial Information* YTD (in M except for EPS, ARPMAU, Paid Subscrip ons) Q125 Q225 Q325 Q425 Q126 Q226 Q326 FY24 FY25 FY26 Total Revenue $7.2 $7.0 $7.8 $7.5 $7.6 $8.3 $8.0 $30.1 $29.4 $23.9 Adver sing Revenue $4.9 $4.7 $5.6 $5.2 $5.2 $5.6 $5.4 $21.0 $20.3 $16