Ziff Davis Inc 2025年第二季度报告

OverviewBoard of DirectorsCommittee CompositionESG PoliciesContact the BoardNews ResourcesStock InfoAnalyst CoverageLeadershipEmail AlertsContact Us OverviewFinancialsPresentations & ReportsGovernanceNewsResources News Details View All News Ziff Davis Reports Third Quarter 2025Financial Results and Reaffirms 2025Guidance November 6, 2025 NEW YORK--(BUSINESS WIRE)--Ziff Davis, Inc. (NASDAQ: ZD) (“Ziff Davis” or “the Company”) todayreported unaudited financial results for the third quarter ended September 30, 2025. In addition, consistent with ongoing efforts to maximize value for shareholders, and following inbound interestfrom third parties regarding certain of our businesses, Ziff Davis has engaged outside advisors to assist inevaluating value-creating opportunities, including the potential sale of entire divisions of the Company. No finaldecisions have been made to date, and there is no assurance that any transactions will occur. The Company alsointends to continue its share repurchase program. “During the third quarter, we delivered our fifth consecutive quarter of revenue growth and generated strongfree cash flow,” said Vivek Shah, Chief Executive Officer of Ziff Davis. “In addition, we continue to pursuemultiple avenues to create value for our shareholders and look forward to working with our advisors to assessinterest in certain of our businesses.” THIRD QUARTER 2025 RESULTS Q3 2025 quarterly revenues(1)increased 2.9% to $363.7 million compared to $353.6 million for Q32024.Income (loss) from operations increased 197.0% to $28.4 million compared to $(29.3) million for Q32024. This includes a $17.6 million goodwill impairment recognized in Q3 2025 compared to a $85.3million goodwill impairment recognized in Q3 2024.Net loss(2)decreased to $(3.6) million compared to $(48.6) million for Q3 2024. This includes a $17.6million goodwill impairment recognized in Q3 2025 compared to a $85.3 million goodwill impairmentrecognized in Q3 2024.Net loss per diluted share(2)decreased to $(0.09) in Q3 2025 compared to $(1.11) for Q3 2024.Adjusted EBITDA(3)for the quarter decreased to $124.1 million compared to $124.7 million for Q32024.Adjusted net income(2) (3)decreased to $71.5 million compared to $72.1 million for Q3 2024.Adjusted net income per diluted share(2)(3)(or “Adjusted diluted EPS”) for the quarter increased 7.3% to$1.76 compared to $1.64 for Q3 2024.Net cash provided by operating activities was $138.3 million in Q3 2025 compared to $106.0 million inQ3 2024. Free cash flow(3)was $108.2 million in Q3 2025 compared to $80.1 million in Q3 2024.Ziff Davis deployed approximately $16.7 million for current and prior year acquisitions during the quarterand $44.4 million related to share repurchases in Q3 2025. The following table reflects results for the three and nine months ended September 30, 2025 and 2024,respectively (in millions, except per share amounts). Notes: (1)The revenues associated with each of the reportable segments may have been rounded when presentedindependently so they foot precisely to Total Revenues. Prior period segment information is presented on acomparable basis to conform to our new segment presentation with no effect on previously reportedconsolidated results. (2)GAAP effective tax rates were approximately 139.8% and (34.9)% for the three months ended September 30,2025 and 2024, respectively, and 42.2% and 149.0% for the nine months ended September 30, 2025 and2024, respectively. Adjusted effective tax rates were approximately 25.2% and 24.3% for the three monthsended September 30, 2025 and 2024, respectively, and 24.6% and 23.9% for the nine months endedSeptember 30, 2025 and 2024, respectively.(For definitions of non-GAAP financial measures and reconciliations of GAAP to non-GAAP financial 3)measures refer to section “Non-GAAP Financial Measures” further in this release. ZIFF DAVIS GUIDANCE The Company reaffirms its guidance for fiscal year 2025 as follows (in millions, except per share data): (1)It is anticipated that the Adjusted effective tax rate for 2025 will be between 23.25% and 25.25%. A reconciliation of forward-looking Adjusted EBITDA and Adjusted diluted EPS to the corresponding GAAPfinancial measures is not available without unreasonable effort due primarily to variability and difficulty inmaking accurate forecasts and projections of certain non-operating items such as (Gain) loss on investments,net, Other (income) loss, net, and other unanticipated items that may arise in the future. EARNINGS CONFERENCE CALL AND AUDIO WEBCAST Ziff Davis will host a live audio webcast and conference call discussing its third quarter 2025 financial resultson Friday, November 7, 2025, at 8:30AM ET. The live webcast and call will be accessible by phone by dialing(844) 985-2014 or viawww.ziffdavis.com. Following the event, the audio recording and presentation materialswill be archived and made available atwww.ziffdavis.com. ABOUT ZIFF DAVIS Ziff Davis, Inc. (NASDAQ: ZD)