Oct. 1 at 11:43 AM
$ZDGE
Two paths for dataseeds valuation shld be clarified over next few months
DataSeeds Revenue Model (Base Case)
• Two revenue streams:
1. Archive Licensing (50M photos) → scales to ~
$16M ARR by 2030.
2. On-Demand Custom Datasets via GuruShots → scales to ~
$20M ARR by 2030.
• Combined ARR: ~
$12M (2026) → ~
$36M (2030).
Valuation (ARR Multiple: 25Ă— tapering to 15Ă— by 2030)
• 2026:
$11.9M ARR Ă— 25 =
$298M
• 2027:
$17.8M ARR Ă— 22.5 =
$400M
• 2028:
$23.9M ARR Ă— 20 =
$478M
• 2029:
$30.0M ARR Ă— 17.5 =
$525M
• 2030:
$36.3M ARR Ă— 15 =
$545M
Key Takeaway:
Base case implies DataSeeds could be a
$545M business by 2030, ~9Ă— current Zedge valuation (
$60M market cap), with revenue split ~45% archive licensing / ~55% custom datasets.
