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Ziff Davis, Inc. ( (ZD) ) has issued an announcement.
Ziff Davis reported a 3.7% increase in Q3 2024 revenues, reaching $353.6 million, but also noted a rise in operating losses to $29.3 million due to significant goodwill impairment. Despite the challenges, the company saw a 9.6% boost in adjusted EBITDA to $124.7 million and reaffirmed its fiscal year 2024 guidance. The firm is leveraging its robust balance sheet to explore acquisition opportunities, maintaining investor interest amidst an uncertain economic climate.
See more insights into ZD stock on TipRanks’ Stock Analysis page.
