Ziff Davis, Inc. ( (ZD) ) has released its Q4 earnings. Here is a breakdown of the information Ziff Davis, Inc. presented to its investors.
Ziff Davis, Inc., a digital media and internet company, operates in various sectors including technology, shopping, gaming, health, connectivity, cybersecurity, and martech. The company recently announced its financial results for the fourth quarter and full year of 2024, highlighting a return to growth in revenue, adjusted diluted EPS, and free cash flow. The company also introduced a new segment reporting structure to enhance investor understanding.
In the fourth quarter of 2024, Ziff Davis reported a 5.9% increase in quarterly revenues, reaching $412.8 million, while net income rose by 1.0% to $64.1 million. The adjusted EBITDA for the quarter saw a 2.5% increase, and the company ended the quarter with $664.1 million in cash and investments. For the full year, revenues increased by 2.8% to $1.40 billion, with net income surging by 51.9% to $63.0 million. The company’s adjusted EBITDA for the year rose by 2.3%, and free cash flow increased by 34.3%.
Ziff Davis also announced a segment realignment, now reporting across five segments: Technology & Shopping, Gaming & Entertainment, Health & Wellness, Connectivity, and Cybersecurity & Martech. This change is aimed at providing clearer insights into the company’s diverse operations. Despite a decrease in income from operations due to goodwill impairments, the company maintained strong cash flow and continued strategic acquisitions and share repurchases.
Looking ahead to 2025, Ziff Davis provided guidance with expected revenue growth between 2.9% and 7.2%, and adjusted EBITDA growth ranging from 2.3% to 9.8%. The company remains focused on enhancing its digital media portfolio and capitalizing on growth opportunities across its various segments.