---
schema_version: "secwatch.filing_event.v1"
accession: "0001084048-23-000078"
form_type: "8-K"
ticker: "ZD"
cik: "0001084048"
company_name: "ZIFF DAVIS, INC."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:03:30.866534+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ziff Davis Q3 revenue flat, GAAP net loss $31M on $56.9M goodwill impairment; reaffirms FY2023 guidance

## Summary
- Q3 revenue $341.0M (-0.3% YoY); Digital Media +1.6%, Cybersecurity/Martech -6.5%.
- GAAP net loss $31.0M vs net income $18.2M, driven by $56.9M goodwill impairment.
- Adjusted EBITDA $113.7M (-5.3%), adjusted diluted EPS $1.50 (-5.1%).
- Free cash flow $45.6M (-38.2%); ended quarter with $830.6M cash.
- Reaffirmed FY2023 guidance; CEO cites Digital Media returning to positive organic growth.

## SEC filing metadata
- accession: 0001084048-23-000078
- form_type: 8-K
- ticker: ZD
- cik: 0001084048
- company_name: ZIFF DAVIS, INC.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1084048/000108404823000078/0001084048-23-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084048/000108404823000078/jcom-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084048-23-000078
- JSON: https://secwatch.observer/filing/0001084048-23-000078.json
- Plain text: https://secwatch.observer/filing/0001084048-23-000078.txt

## Key facts
- Earnings Releases
  ZIFF DAVIS, INC. reported third quarter ended September 30, 2023 results: revenue $341.0 million, net income $(31.0) million, EPS $(0.67). Guidance reaffirmed.
  - Period: third quarter ended September 30, 2023
  - Revenue: $341.0 million
  - Net income: $(31.0) million
  - EPS: $(0.67)
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: Officer of Ziff Davis. “We’re also making solid progress on AI enablement across our portfolio." THIRD QUARTER 2023 RESULTS • Q3 2023 quarterly revenues decreased 0.3% to $341.0 million compared to $341.9 million for Q3 2022. • (Loss) income from operations decreased 145.9% to $(13.3) million compared to $29.0 million for Q3 2022 primarily due to the recognition
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084048/000108404823000078/0001084048-23-000078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.