Zedge (ZDGE) Investor presentation summary

Strategic shift

• DataSeeds is the primary growth initiative, scaling a B2B AI data business supported by existing consumer operations that generate cash and provide content, communities and infrastructure.

• Q3 FY26 metrics: ~20M monthly active users and ~1.3M active subscriptions, up 41%.

• Pro forma enterprise value of $15.7M, cash of $27.4M and $0 debt; TTM free cash flow yield of ~20%.

Market and offerings

• Global AI training dataset market projected at $16.3B by 2033, with a 22.6% CAGR; demand drivers include purpose-built physical AI data and expert human evaluations.

• DataSeeds offers customer-specific image, audio and video datasets, egocentric video with synchronized sensor data, and professional image evaluations.

• Production workflows span catalog sourcing, managed crowd collection or DataSeeds Production Cloud, with rights, provenance, compliance and automated plus human QA checks.

• Existing creator communities, photography assets, mobile operations, consent processes and QA capabilities support the data business.

Commercial progress and execution

• First six-figure order completed; repeat enterprise AI customers placed follow-on, often larger orders, and model-evaluation services launched, including a first commercial engagement with Bria.ai.

• Video annotation is being scoped for expansion; hiring across marketing, sales, engineering, production and operations is intended to scale capacity with demand.

• DataSeeds revenue is expected to be lumpy in upcoming quarters due to project timing, scope and size.