secwatch.observer — SEC 8-K summary
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Issuer:     ZIFF DAVIS, INC. (ZD)
CIK:        0001084048
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001084048-24-000008
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 Q4 2023 revenue falls 1.7% to $389.9M; adj. EPS up 3.1%; 2024 guidance provided
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084048/000108404824000008/0001084048-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084048/000108404824000008/zd-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001084048-24-000008

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