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.
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