earnings
confidence high
sentiment positive
materiality 0.65
Ziff Davis Q3 revenue down 3.7% to $341.9M; adj. EPS up 6% to $1.58; revises FY22 guidance
ZIFF DAVIS, INC.
2022-Q3 EPS reported
-$0.08
revenue$994,297,000
- Revenue $341.9M (-3.7% YoY); pro-forma revenue -1.1%. Digital Media +0.6%; Cybersecurity & Martech -15.8% actual.
- Adjusted non-GAAP net income from cont. ops $74.3M (+6.0%); Adjusted EBITDA $120.1M (+0.3%), margin 35.1%.
- Adjusted non-GAAP diluted EPS $1.58 (+6.0% YoY); GAAP net income $18.2M vs $6.8M in prior year.
- FY2022 guidance: revenue lowered to $1.39-1.40B (prior $1.41-1.435B); adj. EBITDA $507-513M; adj. EPS raised to $6.70-6.80.
- Ended Q3 with $801M cash; deployed $94.1M to repay senior notes and $19.3M for acquisitions.