secwatch.observer — SEC 8-K summary
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Issuer:     ZIFF DAVIS, INC. (ZD)
CIK:        0001084048
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001084048-24-000065
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084048/000108404824000065/0001084048-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084048/000108404824000065/zd-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001084048-24-000065

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