secwatch.observer — SEC 8-K summary
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Issuer:     ZIFF DAVIS, INC. (ZD)
CIK:        0001084048
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001084048-23-000056
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084048/000108404823000056/0001084048-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084048/000108404823000056/jcom-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001084048-23-000056

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