secwatch.observer — SEC 8-K summary
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Issuer:     ZIFF DAVIS, INC. (ZD)
CIK:        0001084048
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001084048-24-000076
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084048/000108404824000076/0001084048-24-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084048/000108404824000076/zd-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001084048-24-000076

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