Ziff Davis Q2 revenue down 1.6%; adj. EPS $1.18; board expands buyback by 5M shares

ZIFF DAVIS, INC.

2024-Q2 EPS reported $1.02 revenue$635,285,000

Q2 revenue $320.8M (-1.6% YoY); Digital Media flat at $251.8M, Cybersecurity & Martech -5.8% to $69.0M.
Adjusted EBITDA $96.3M (-9.8% YoY); adjusted diluted EPS $1.18 (-7.1% YoY).
GAAP net income $36.9M ($0.77 diluted) vs. $16.7M ($0.36) a year ago; aided by lower effective tax rate.
Board authorized additional 5M share buyback (total up to 15M) and extended program to Aug 2029; cash $839.7M.

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