secwatch.observer — SEC 8-K summary
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Issuer:     ZIFF DAVIS, INC. (ZD)
CIK:        0001084048
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001084048-23-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ziff Davis Q1 revenue down 2.5% to $307.1M, net loss of $7.6M, reaffirms 2023 guidance
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- Revenue $307.1M, down 2.5% YoY; Digital Media flat, Cybersecurity and Martech down 9.2%.
- Net loss of $7.6M vs net income $24.5M last year, driven by unrealized investment losses.
- Adjusted EBITDA $94.3M (-6.4%), adjusted diluted EPS $1.10 (-10.6%).
- Free cash flow $85.3M (nearly flat); cash and investments $876.6M.
- Reaffirmed FY2023 guidance; CEO cites incremental improvements in several businesses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084048/000108404823000041/0001084048-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084048/000108404823000041/jcom-20230505.htm
  HTML page:      https://secwatch.observer/filing/0001084048-23-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer