Zedge, Inc. (NYSE:ZDGE), $ZDGE, a company that builds and operates creator communities serving 20 million monthly active users, today announced its Board of Directors approved a $2.0 million increase to the existing share repurchase authorization for its Class B common stock. This new authorization adds to the previously approved $5.0 million share repurchase authorization, under which the Company has bought back almost 1.5 million shares of its class B common stock for approximately $4.8 million as of June 4, 2026. The Board of Directors also approved payment of the Company's $0.02 quarterly dividend.