Earnings summaries and quarterly performance for ZIFF DAVIS.
Executive leadership at ZIFF DAVIS.
Board of directors at ZIFF DAVIS.
Research analysts who have asked questions during ZIFF DAVIS earnings calls.
Ross Sandler
Barclays
6 questions for ZD
Also covers: AMZN, CART, DASH +13 more
Ygal Arounian
Citigroup
6 questions for ZD
Also covers: ANGI, BARK, BMBL +13 more
Cory Carpenter
JPMorgan Chase & Co.
5 questions for ZD
Also covers: ANGI, APP, BMBL +16 more
Rishi Jaluria
RBC Capital Markets
5 questions for ZD
Also covers: AKAM, BOX, COUR +19 more
Robert Coolbrith
Evercore ISI
5 questions for ZD
Also covers: BMBL, CDLX, ETSY +8 more
Aaron Samuels
Susquehanna Financial Group, LLLP
3 questions for ZD
Also covers: CTV, RAMP, RPD
Shyam Patil
Susquehanna Financial Group
3 questions for ZD
Also covers: CHKP, MGNI, MNTN +3 more
Chris Kuntarich
UBS Group
1 question for ZD
Also covers: APP, BIGC, COMP +6 more
Christopher Kuntarich
UBS
1 question for ZD
Also covers: APP, COMP, DSP +6 more
Robert Colbert
Evercore ISI
1 question for ZD
Recent press releases and 8-K filings for ZD.
Ziff Davis Discusses Value Creation Initiatives and Segment Performance
ZD
M&A
Share Buyback
Revenue Acceleration/Inflection
- Ziff Davis is actively exploring strategies, including potential spinoffs, to unlock shareholder value due to a perceived gap between its intrinsic business value and public share price.
- The company has significantly prioritized share buybacks, repurchasing 3.6 million shares year-to-date and allocating over $100 million in 2025, representing 80-85% of its free cash flow year-to-date.
- In 2025, Ziff Davis completed seven acquisitions, deploying less than $70 million in capital for M&A.
- To enhance transparency and address a "conglomerate discount," Ziff Davis transitioned to five reportable segments in February 2025.
- The Health and Wellness segment is demonstrating strong performance with double-digit revenue growth and high 30s EBITDA margins, while the Cybersecurity and MarTech segment returned to revenue growth in Q3 2025.
Dec 3, 2025, 2:35 PM
Ziff Davis discusses strategy to unlock shareholder value and 2025 capital allocation
ZD
Share Buyback
M&A
Revenue Acceleration/Inflection
- Ziff Davis has structured its business into five reportable segments as of February 2025: Tech and Shopping, Gaming and Entertainment, Everyday Health, Connectivity, and Cybersecurity and MarTech.
- The company is focused on unlocking shareholder value, believing there is a gap between the intrinsic value of its businesses and its public share price.
- In 2025, Ziff Davis significantly increased capital allocation to its stock buyback program, repurchasing approximately 3.6 million shares and deploying 80-85% of its free cash flow to buybacks.
- The company closed seven acquisitions in 2025, deploying less than $70 million into M&A, compared to over $100 million for stock buybacks.
- The Cybersecurity and MarTech segment returned to revenue growth in Q3 2025, while the Health and Wellness segment (Everyday Health) has shown double-digit revenue growth with high 30s EBITDA margins.
Dec 3, 2025, 2:35 PM
Ziff Davis CFO Discusses Value Creation, Capital Allocation, and Segment Performance at UBS Conference
ZD
Share Buyback
M&A
Revenue Acceleration/Inflection
- Ziff Davis's CFO, Bret Richter, highlighted the company's focus on unlocking shareholder value, citing a perceived gap between its intrinsic value and public share price.
- To enhance transparency and address a potential conglomerate discount, Ziff Davis transitioned from two to five reportable segments in February 2025.
- The company's revenue model is diversified, with over 40% from subscription and licensing. Approximately 35% of total revenue is web traffic dependent, with about half of that originating from search.
- In 2025, Ziff Davis has prioritized capital return, repurchasing approximately 3.6 million shares year-to-date and allocating 80-85% of free cash flow to buybacks. M&A activity included seven acquisitions with less than $70 million deployed, significantly less than the over $100 million spent on stock buybacks.
- Key growth areas include the Health and Wellness segment, which shows double-digit revenue growth and high 30s EBITDA margins, and the Cybersecurity and MarTech segment, which returned to revenue growth in Q3 2025.
Dec 3, 2025, 2:35 PM
Ziff Davis Explores Strategic Options Amidst Perceived Valuation Disconnect
ZD
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Ziff Davis is engaging outside advisors to explore value-creating opportunities, including divestitures or sales, due to a perceived "value disconnect" as the company is trading at roughly 3-4 times EBITDA despite strong growth, margins, and free cash flow.
- The Health and Wellness segment reported 13% top line growth and 18% adjusted EBITDA growth in Q3, while the Connectivity segment is reaccelerating with 7% year-to-date growth and 50% margins.
- The company is leveraging AI to enhance existing products and develop new AI-based insight and ad platforms for revenue generation, while acknowledging that mid-teens % of revenue is related to search and subject to volatility.
- Ziff Davis prioritizes capital allocation towards M&A, having closed seven small deals and invested approximately $70 million in M&A this year, alongside significant share buybacks, utilizing just under 85% of cash flow for buybacks through nine months.
Nov 19, 2025, 3:00 PM
Ziff Davis Explores Strategic Alternatives to Address Valuation Disconnect
ZD
M&A
Share Buyback
New Projects/Investments
- Ziff Davis is engaging outside advisors to explore value-creating opportunities, including potential divestitures, to address a perceived value disconnect as the company is trading at roughly 3x-4x EBITDA.
- The Health and Wellness segment showed strong performance with 13% top line growth and 18% adjusted EBITDA growth in Q3, while the Connectivity business is reaccelerating, expecting low double-digit, high single-digit growth into next year with a 50% margin.
- The company is actively allocating capital to share buybacks, utilizing nearly 85% of its cash flow for this purpose in the first nine months of the year, alongside continued M&A activity.
- Ziff Davis is integrating AI into its products, such as the Lose It application and Halo/Imagine platforms, to enhance user engagement and improve ad targeting, but explicitly avoids using AI for content creation.
Nov 19, 2025, 3:00 PM
Ziff Davis Explores Strategic Options for Value Creation, Highlights Segment Growth
ZD
M&A
Share Buyback
New Projects/Investments
- Ziff Davis is engaging outside advisors to explore value-creating opportunities, including potential divestitures, to address a "value disconnect" where the company trades at roughly three to four times EBITDA.
- The Health and Wellness segment reported strong performance with 13% top-line growth in Q3 and 18% adjusted EBITDA growth in Q3, while the Connectivity segment is reaccelerating with 7% year-to-date growth and a 50% margin.
- The company has prioritized capital allocation towards share buybacks, utilizing just under 85% of its cash flow for this purpose in the first nine months of the year, alongside seven small M&A deals.
- Ziff Davis is integrating AI into products, such as Lose It, and developing AI-based insight and ad platforms (Halo, Imagine) to drive revenue and increase customer share of wallet, while managing search volatility.
Nov 19, 2025, 3:00 PM
Ziff Davis Reaffirms FY25 Guidance Amid Mixed Q3 Results
ZD
Earnings
Guidance Update
- Ziff Davis reaffirmed its fiscal year 2025 revenue guidance around $1.47 billion and full-year adjusted EPS guidance at $6.96, with its FY25 EBITDA guidance of $523.5 million exceeding analyst estimates.
- The company reported Q3 earnings of $1.76 per share in line with estimates, but quarterly revenue of $363.7 million fell slightly short of expectations.
- Operational metrics showed improvement, with the operating margin rising to 7.8% from -8.3% in the prior-year quarter and free cash flow margin increasing to 29.7% from 22.7%.
- Despite these improvements, the company's Altman Z-Score of 1.7 places it in the distress zone, and its stock has underperformed the broader market, losing about 38.6% year-to-date.
Nov 7, 2025, 2:18 PM
Ziff Davis Reports Q3 2025 Results and Initiates Strategic Review
ZD
Earnings
M&A
Share Buyback
- Ziff Davis reported Q3 2025 revenues of $363.7 million, an increase of nearly 3% year-over-year, with adjusted EBITDA of $124.1 million, a decline of less than 1%, and adjusted diluted EPS of $1.76, up more than 7%.
- The company has engaged outside advisors to evaluate potential opportunities, including sales, investments, or spinoffs, to unlock shareholder value, believing there is a meaningful discount in its current market cap relative to intrinsic value.
- Ziff Davis reaffirmed its fiscal year 2025 guidance but anticipates total revenues and adjusted diluted EPS to be in the lower half of the range, with adjusted EBITDA expected to be closer to the lower end.
- Year-to-date through Q3 2025, Ziff Davis repurchased 3 million shares for $109 million and invested $67.3 million in seven acquisitions across its businesses, with plans to continue share repurchases.
Nov 7, 2025, 1:30 PM
Ziff Davis Reports Q3 2025 Results and Explores Strategic Options
ZD
Earnings
M&A
Share Buyback
- Ziff Davis reported Q3 2025 revenues of $363.7 million, an increase of nearly 3% year-over-year, and adjusted diluted EPS of $1.76, up more than 7%.
- The company has engaged outside advisors to evaluate potential opportunities, including sales, investments, or spinoffs, to unlock shareholder value, noting a meaningful discount in its current market cap relative to intrinsic value.
- Ziff Davis repurchased 3 million shares through Q3 2025, deploying $109 million, and a total of 3.6 million shares since the start of 2025.
- For fiscal year 2025, the company reaffirmed its guidance range but anticipates total revenues and adjusted diluted EPS to be in the lower half, and adjusted EBITDA closer to the lower end of the range.
Nov 7, 2025, 1:30 PM
Ziff Davis Engages Advisors to Explore Strategic Opportunities, Reports Q3 2025 Results
ZD
M&A
Share Buyback
Guidance Update
- Ziff Davis has engaged outside advisors to evaluate potential opportunities to unlock shareholder value, including exploring transactions for specific businesses or the entire company, following enhanced segment-level reporting and inbound interest from investors.
- For Q3 2025, Ziff Davis reported revenues of $363.7 million, a nearly 3% increase year-over-year, and adjusted diluted EPS of $1.76, up 7% from Q3 2024, while adjusted EBITDA slightly declined to $124.1 million.
- The company repurchased 3 million shares year-to-date through Q3 2025, deploying $109 million, and closed seven acquisitions in the first nine months of 2025, investing $67.3 million.
- Ziff Davis reaffirmed its fiscal year 2025 guidance but anticipates total revenues and adjusted diluted EPS to be in the lower half of the range, with adjusted EBITDA closer to the lower end.
Nov 7, 2025, 1:30 PM
Quarterly earnings call transcripts for ZIFF DAVIS.
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