Ziff Davis Q3 revenue up 3.7% to $353.6M; adjusted EBITDA up 9.6%, reaffirms FY2024 guidance

ZIFF DAVIS, INC.

2024-Q3 EPS reported -$0.02 revenue$988,865,000

Revenue $353.6M, up 3.7% YoY; Digital Media revenue +5.8%, Cybersecurity & Martech -4.1%.
Net loss $48.6M ($1.11 loss per diluted share) includes $85.3M goodwill impairment.
Adjusted EBITDA $124.7M (+9.6%); adjusted diluted EPS $1.64 (+9.3%); free cash flow $80.1M (+75.8%).
FY2024 guidance reaffirmed; deployed $96.1M for share repurchases and $154.9M for acquisitions in Q3.
CEO Vivek Shah cited improving business trends and strong balance sheet for acquisitions.

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