secwatch.observer — SEC 8-K summary
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Issuer:     ZIFF DAVIS, INC. (ZD)
CIK:        0001084048
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001084048-23-000078
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084048/000108404823000078/0001084048-23-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084048/000108404823000078/jcom-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001084048-23-000078

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