tiprankstipranks
Ziff Davis Reports Q3 Revenue Growth Amidst Challenges
Company Announcements

Ziff Davis Reports Q3 Revenue Growth Amidst Challenges

Don't Miss our Black Friday Offers:

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.

Related Articles
TipRanks Auto-Generated NewsdeskZiff Davis to Join RBC Global Conference 2024
TheFlyZiff Davis price target raised to $61 from $44 at Barclays
TipRanks Auto-Generated NewsdeskZiff Davis Reports Q3 Growth Amidst Challenges
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App