Certification Pursuant to
18 U.S.C. Section 1350
(as Adopted Pursuant to Section 906 of
the Sarbanes-Oxley Act Of 2002)
In connection with the Quarterly Report
of Zedge, Inc. (the “Company”) on Form 10-Q for the quarter ended January 31, 2018 as filed with the Securities and
Exchange Commission (the “Report”), I, Tom Arnoy, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C.
§ 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:
1. The Report fully complies
with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2. The information contained
in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
Date: March 14, 2018
Chief Executive Officer
A signed original of this written statement
required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears
in typed form within the electronic version of this written statement required by Section 906, has been provided to Zedge,
Inc. and will be retained by Zedge, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.