---
schema_version: "secwatch.filing_event.v1"
accession: "0001084048-24-000008"
form_type: "8-K"
ticker: "ZD"
cik: "0001084048"
company_name: "ZIFF DAVIS, INC."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T18:17:34.104747+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001084048-24-000008
- form_type: 8-K
- ticker: ZD
- cik: 0001084048
- company_name: ZIFF DAVIS, INC.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: medium
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1084048/000108404824000008/0001084048-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084048/000108404824000008/zd-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084048-24-000008
- JSON: https://secwatch.observer/filing/0001084048-24-000008.json
- Plain text: https://secwatch.observer/filing/0001084048-24-000008.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084048/000108404824000008/0001084048-24-000008-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084048/000108404824000008/0001084048-24-000008-index.htm

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