Logo

ZD

Ziff Davis, Inc.

ZD

Ziff Davis, Inc. • NASDAQ
$32.82 ▼ -1.00% (-0.33)
Market Cap $1.37 B
52w High $60.62
52w Low $28.55
Dividend Yield 0%
P/E 12.77
Volume 222.45K
Outstanding Shares 41.85M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $363.711M ▲ $282.131M ▲ $-3.598M ▼ -0.989% ▼ $-0.09 ▼ $98.303M ▲
Q2-2025 $352.209M ▲ $212.146M ▼ $26.343M ▲ 7.479% ▲ $0.63 ▲ $89.643M ▲
Q1-2025 $328.636M ▼ $246.298M ▼ $24.239M ▼ 7.376% ▼ $0.57 ▼ $88.159M ▼
Q4-2024 $412.823M ▲ $286.878M ▼ $64.087M ▲ 15.524% ▲ $1.51 ▲ $140.931M ▲
Q3-2024 $353.58M $329.641M $-48.577M -13.739% $-1.11 $19.414M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $503.368M ▲ $3.477B ▼ $1.678B ▲ $1.799B ▼
Q2-2025 $457.259M ▲ $3.519B ▲ $1.677B ▼ $1.843B ▲
Q1-2025 $431.007M ▼ $3.516B ▼ $1.695B ▼ $1.821B ▲
Q4-2024 $505.88M ▲ $3.704B ▲ $1.893B ▲ $1.811B ▲
Q3-2024 $386.122M $3.419B $1.667B $1.752B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-3.598M ▼ $138.299M ▲ $-44.771M ▼ $-44.578M ▼ $46.109M ▲ $108.163M ▲
Q2-2025 $26.343M ▲ $57.074M ▲ $-6.771M ▲ $-31.882M ▲ $26.252M ▲ $26.941M ▲
Q1-2025 $24.239M ▼ $20.613M ▼ $-64.829M ▼ $-35.006M ▼ $-74.873M ▼ $-5.006M ▼
Q4-2024 $64.087M ▲ $158.233M ▲ $-32.884M ▲ $2.102M ▲ $119.758M ▲ $131.074M ▲
Q3-2024 $-48.577M $105.96M $-181.431M $-231.336M $-301.112M $80.117M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Connectivity
Connectivity
 $0 ▲$60.00M ▲$60.00M ▲$60.00M ▲
Cybersecurity and Martech Segment
Cybersecurity and Martech Segment
 $140.00M ▲$70.00M ▼$70.00M ▲$70.00M ▲
Gaming and Entertainment
Gaming and Entertainment
 $0 ▲$40.00M ▲$50.00M ▲$50.00M ▲
Health and Wellness
Health and Wellness
 $0 ▲$90.00M ▲$100.00M ▲$100.00M ▲
Technology and Shopping
Technology and Shopping
 $0 ▲$80.00M ▲$80.00M ▲$90.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Ziff Davis’s income statement shows a business with steady, but not fast, top-line growth over the past few years. Revenue has inched up compared with the early pandemic period, but has been fairly flat more recently. Profitability is decent but not spectacular. Gross margins are strong, meaning the core digital and media model remains attractive. However, operating profit and EBITDA have drifted down from their earlier peak, suggesting some pressure from costs, mix shifts, or softer ad and marketing demand. Net income and earnings per share look very choppy, with one standout year in the past that likely reflects one-time gains rather than a new normal. Underlying operations appear more stable than the earnings swings suggest, but the trend points to a company defending margins rather than expanding them meaningfully right now.

Balance Sheet

Balance Sheet The balance sheet looks generally solid and moving in a healthier direction. Total assets have been broadly steady, reflecting a mature, scaled platform rather than a rapidly expanding one. Cash levels are still comfortable, even though they are down from a recent high. Debt has been reduced year after year, which lowers financial risk and gives the company more flexibility in a downturn. Shareholder equity has inched up over time, indicating gradual value build on the balance sheet. Overall, Ziff Davis appears to be quietly deleveraging and strengthening its financial foundation, even if growth is not rapid.

Cash Flow

Cash Flow Cash flow is a clear strong point. The company consistently generates solid cash from operations, year after year, with only modest variation. Free cash flow remains firmly positive after covering a fairly stable level of capital spending. Investment needs are predictable and not overly heavy, which fits the asset-light nature of digital media and software-like services. Importantly, cash generation looks more stable than accounting earnings, suggesting that the business model converts a good share of its revenue into real cash. That cash gives room to fund acquisitions, buybacks, or debt reduction, depending on management priorities, without stretching the balance sheet.

Competitive Edge

Competitive Edge Ziff Davis holds a distinctive position as a diversified digital media and internet business rather than a single-brand publisher. It owns a portfolio of well-known properties across tech (PCMag, CNET, ZDNet), gaming and entertainment (IGN, Humble Bundle), deals and shopping (RetailMeNot), health and wellness (Everyday Health, Well+Good), and connectivity and data (Ookla/Speedtest). This spread reduces reliance on any one vertical or advertiser category. The company competes on trusted brands, deep subject expertise in each niche, and strong first-party audience relationships. Its ability to use its own data across many owned sites is increasingly important as privacy rules tighten and third-party tracking fades. Risks remain: digital advertising is cyclical, competition from large platforms is intense, and the company must keep integrating acquisitions smoothly. Still, within its chosen niches, Ziff Davis looks like a scaled, credible player rather than a fringe competitor.

Innovation and R&D

Innovation and R&D Innovation at Ziff Davis is less about big research labs and more about applied technology, data, and acquisitions. AI is central. The Halo platform within Everyday Health uses large volumes of real-time data to target audiences in a privacy-conscious way. Security tools like the Viper email protection service rely on machine learning and language processing to detect threats. RetailMeNot’s AI chatbot shows how automation can improve user support and efficiency. The company also owns patented encryption technology and continues to push into higher-value software and data services, especially in cybersecurity, marketing technology, and health. Much of its “R&D” comes through buying and integrating specialized businesses, then layering on its data and AI capabilities. Future progress will depend on how well Ziff Davis deepens AI across its brands, grows subscription and data products, and turns its large first-party data pool into premium, privacy-safe offerings for advertisers and enterprises.

Summary

Overall, Ziff Davis looks like a mature, diversified digital media and internet platform with solid financial underpinnings. The top line is stable but not rapidly growing, and profitability, while healthy, has come off earlier highs. The balance sheet has been steadily de-risked through debt reduction, and cash flows are strong, recurring, and comfortably cover the company’s investment needs. Strategically, Ziff Davis leans on a portfolio of recognized brands, strong first-party data, and practical AI applications to build a competitive moat. Its history of disciplined acquisitions has expanded it into attractive verticals like health, gaming, cybersecurity, and connectivity data. Key watch points include: reigniting organic growth in a tougher ad environment, sustaining margin discipline, continued smooth integration of acquisitions, and execution on AI and data monetization in a stricter privacy world. The business appears resilient and cash-generative, with most of the story now about quality of earnings and strategic execution rather than raw scale growth.

NEWS

November 18, 2025 · 7:00 AM UTC

Ziff Davis to Participate in Two Investor Conferences in December

Read more

November 6, 2025 · 6:00 PM UTC

Ziff Davis Reports Third Quarter 2025 Financial Results and Reaffirms 2025 Guidance

Read more

November 6, 2025 · 8:00 AM UTC

National Cash Back Day Returns with Its Biggest Savings Yet - Earn Up to 35% Cash Back from Top Retailers, November 6-8

Read more

October 20, 2025 · 4:01 PM UTC

Ziff Davis Appoints J.T. Farley Director of Investor Relations

Read more

October 16, 2025 · 7:00 AM UTC

Ziff Davis to Announce Third Quarter 2025 Earnings

Read more