Ziff Davis Q2 revenue down 2.7% to $286.7M; operating loss $44.7M on $54.8M goodwill impairment

ZIFF DAVIS, INC.

Revenue $286.7M vs $294.8M YoY; net loss from continuing ops $52.2M ($1.43 diluted) vs $14.3M income.
Adjusted EBITDA $76.8M (26.8% margin), down 3.7% YoY; adjusted diluted EPS $1.03, up 13.2%.
Completed sale of Connectivity for ~$1,216.1M total proceeds, incl. $1,179.1M cash at closing and $37M escrow.
Repurchased $121.5M shares and deployed $9.2M for acquisitions in Q2 2026.
Free cash flow (cont.+disc. ops) $54.0M, up 100.3% YoY; operating cash flow $89.0M, up 55.9%.

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