Ziff Davis Q1 revenue +2.4% to $314.5M, net income turns positive; reaffirms FY2024 guidance

ZIFF DAVIS, INC.

2024-Q1 EPS reported $0.23 revenue$314,485,000

Revenue $314.5M (+2.4% YoY); Digital Media $239.0M (+2.1%), Cybersecurity/Martech $75.5M (+3.3%).
Net income $10.6M vs $(7.6)M loss; diluted EPS $0.23 vs $(0.16).
Adjusted EBITDA $100.8M (+6.8%); adjusted diluted EPS $1.27 (+15.5%).
Cash $891.1M; deployed $46.9M for acquisitions in Q1.
Reaffirmed full-year 2024 financial guidance.

item 2.02 item 5.07 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 0.95

ZIFF DAVIS, INC. reported the first quarter ended March 31, 2024 results: revenue $314.5 million, net income $10.6 million, EPS $0.23. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $314.5 million
Net income: $10.6 million
EPS: $0.23
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

growth in our subscription and licensing revenues, as we continue to pursue a balanced business model." FIRST QUARTER 2024 RESULTS • Q1 2024 quarterly revenues increased 2.4% to $314.5 million compared to $307.1 million for Q1 2023. • Income from operations increased 36.3% to $35.9 million compared to $26.3 million for Q1 2023. • Net income (loss) (1) increased to

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

ZIFF DAVIS, INC. shareholders approved Election of eight director nominees at the 2024-05-07 meeting.

Proposal: director election
Outcome: passed
Meeting: 2024-05-07

Exact text from the filing

The election of the following eight director nominees to serve for the ensuing year and until their successors are elected and qualified. All nominees were elected as directors with the following vote:

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

ZIFF DAVIS, INC. shareholders approved Advisory vote to approve the Company's 2024 Equity Incentive Plan at the 2024-05-07 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2024-05-07

Exact text from the filing

A proposal to approve, in an advisory vote, the Company's 2024 Equity Incentive Plan. This proposal was approved with the following vote: For 28,229,326 Against 14,216,000 Abstain 16,291 Broker Non-Votes 1,291,510

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

ZIFF DAVIS, INC. shareholders approved Ratify the appointment of KPMG LLP to serve as the Company's independent auditors for fiscal year 2024 at the 2024-05-07 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-05-07

Exact text from the filing

A proposal to ratify the appointment of KPMG LLP to serve as the Company's independent auditors for fiscal year 2024. This proposal was approved with the following vote: For 42,954,779 Against 781,590 Abstain 16,758 Broker Non-Votes N/A

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

ZIFF DAVIS, INC. shareholders approved Advisory vote to approve the compensation of the named executive officers at the 2024-05-07 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2024-05-07

Exact text from the filing

A proposal to approve, in an advisory vote, the compensation of the named executive officers. This proposal was approved with the following vote: For 38,919,286 Against 3,520,959 Abstain 21,372 Broker Non-Votes 1,291,510

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ZIFF DAVIS, INC. filing history →

Source: SEC EDGAR

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