Ziff Davis Q4 2023 revenue falls 1.7% to $389.9M; adj. EPS up 3.1%; 2024 guidance provided

ZIFF DAVIS, INC.

2023-FY EPS reported $0.89 revenue$1,364,028,000

Q4 revenue $389.9M (-1.7% YoY); Digital Media $317.9M (-1.2%), Cybersecurity & Martech $72.0M (-4.0%).
Q4 adj. diluted EPS $2.33 (+3.1% YoY); adjusted EBITDA $167.6M (-0.4%); free cash flow $65.9M vs $17.8M prior year.
Full year 2023 revenue $1.36B (-1.9%); adj. diluted EPS $6.19 (-6.9%); net cash from ops $320.0M.
Company expects return to healthy growth in 2024; provided financial guidance (specifics not in excerpt).
Repurchased $108.5M in shares during 2023; ended Q4 with $905.6M cash and investments.

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 0.9

ZIFF DAVIS, INC. reported the year ended December 31, 2023 results: revenue $1.36 billion, net income $41.5 million, EPS $0.89. Guidance initiated.

Period: the year ended December 31, 2023
Revenue: $1.36 billion
Net income: $41.5 million
EPS: $0.89
Guidance: initiated
Result: preliminary results

Exact text from the filing

in cash, cash equivalents, and investments. No funds were deployed in Q4 2023 for current year acquisitions. FULL YEAR 2023 RESULTS • 2023 yearly revenues decreased 1.9% to $1.36 billion compared to $1.39 billion for 2022. • Income from operations decreased 33.3% to $132.6 million compared to $198.9 million for 2022 partially due to the recognition of a $56.9

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ZIFF DAVIS, INC. reported the fourth quarter ended December 31, 2023 results: revenue $389.9 million, net income $63.4 million, EPS $1.29. Guidance initiated.

Period: the fourth quarter ended December 31, 2023
Revenue: $389.9 million
Net income: $63.4 million
EPS: $1.29
Guidance: initiated
Result: preliminary results

Exact text from the filing

to act with conviction and decisiveness in the M&A market to further grow our business." FOURTH QUARTER 2023 RESULTS • Q4 2023 quarterly revenues decreased 1.7% to $389.9 million compared to $396.7 million for Q4 2022. • Income from operations decreased 13.6% to $80.7 million compared to $93.5 million for Q4 2022. • Net income from continuing operations

View on SEC.gov

Browse all earnings releases →

ZIFF DAVIS, INC. filing history →

Source: SEC EDGAR

accession 0001084048-24-000008

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.