Ziff Davis Q2 revenue down 3.4% to $326M, adjusted EBITDA falls 9.6%, reaffirms FY guidance

ZIFF DAVIS, INC.

2023-Q2 EPS reported $0.19 revenue$633,158,000

Revenue $326.0M (down 3.4% YoY); Digital Media -2.2%, Cybersecurity/Martech -7.3%.
Adjusted EBITDA $106.7M (margin 32.7% vs 35.0%), adjusted diluted EPS $1.27 vs $1.58.
Net income $16.7M vs loss $(46.4)M a year ago, helped by non-recurring Consensus loss.
Free cash flow $14.5M (down 72% from $52.6M); operating cash flow $39.7M (down 48%).
Reaffirms FY2023 guidance; CEO cites cautious optimism and strategic AI partnership with Xyla.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.94

ZIFF DAVIS, INC. updated its the second quarter ended June 30, 2023 guidance (reaffirmed).

Period: the second quarter ended June 30, 2023
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

On August 3, 2023, Ziff Davis, Inc. (the “Company”) issued a press release (the “Press Release”) announcing its preliminary unaudited financial results for the second quarter ended June 30, 2023 and reaffirming its financial guidance for fiscal year 2023.

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Source: SEC EDGAR

accession 0001084048-23-000056

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