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Ziff Davis, Inc. (Nasdaq: ZD) is a premier global digital media company, primarily engaged in delivering high-quality content and services across a wide array of sectors including technology, entertainment, shopping, health, cybersecurity, and martech. Ziff Davis is known for its expansive portfolio of reputable brands such as PCMag.com, IGN.com, ExtremeTech.com, Geek.com, Toolbox.com, ComputerShopper.com, and eMedia. The company successfully reaches both consumer and business-to-business audiences, offering trusted evaluations of the latest and most sought-after products.
The company operates through two main segments: Digital Media and Cybersecurity and Martech. Its Digital Media division is responsible for generating the majority of its revenue and encompasses brands like Mashable, Ookla, and Offers.com. These platforms provide diverse content ranging from technology reviews and industry news to shopping deals and consumer advice. The Cybersecurity and Martech segment focuses on delivering security solutions and marketing technologies to businesses.
Ziff Davis also operates NetShelter, an advanced ad-targeting platform dedicated to tech buyers and TechBargains.com and LogicBuy.com, which offer significant discounts on tech products. The company’s B2B focus extends to providing online research to enterprise buyers and high-quality leads to IT vendors through its Ziff Davis B2B subsidiary.
Recent notable initiatives include the Spring Savecation event by RetailMeNot, a Ziff Davis subsidiary. This event offers substantial savings on travel-related purchases, reinforcing Ziff Davis’s commitment to connecting consumers with valuable deals. Partnerships with companies like Viator further enhance this effort by offering comprehensive travel experiences and significant cost savings.
Ziff Davis is a division of j2 Global, Inc. and continues to innovate and expand its digital media offerings, ensuring it remains at the forefront of the industry. Its strategic vision and robust operational framework make it a significant player in the global digital media landscape.
Ziff Davis (NASDAQ: ZD) has announced the schedule for its Second Quarter 2024 Earnings release and call. The company will release its earnings report on Wednesday, August 7, 2024, at 6:00 PM ET. This will be followed by a live audio webcast earnings call on Thursday, August 8, 2024, at 8:30 AM ET.
CEO Vivek Shah and CFO Bret Richter will host the call. Interested parties can access the webcast at ziffdavis.com or dial in at (844) 985-2014. Questions for the earnings call can be submitted via email to investor@ziffdavis.com before or during the webcast. For those unable to join live, an audio recording and presentation materials will be archived on the company's website.
Ziff Davis (NASDAQ: ZD) has announced private exchange agreements with select holders of its 1.75% Convertible Senior Notes due 2026. The company will exchange approximately $401 million of these notes for $263 million in new 3.625% Convertible Senior Notes due 2028 and $135 million in cash. The exchange is expected to settle around July 16, 2024, pending customary conditions. Post-exchange, $149 million of the existing notes will remain, and the new notes will carry an interest rate of 3.625% and mature on March 1, 2028. The conversion rate for new notes is 10 shares per $1,000 principal, equating to $100 per share, with conversion options starting December 1, 2027, under certain conditions. The company will not receive cash proceeds from new note issuance.
Ziff Davis (NASDAQ: ZD) announced the completion of one acquisition in Q2 2024. The acquisition of Gamer Network, a U.K.-based gaming and entertainment company, aims to expand Ziff Davis' global customer base and product lineup. While the specific terms of the acquisition were not disclosed, Ziff Davis mentioned that the financial impact is not expected to be material.
Ziff Davis, Inc. (NASDAQ: ZD) reported strong financial results for Q1 2024, with revenue and income growth. Quarterly revenues increased by 2.4%, income from operations rose by 36.3%, and adjusted net income grew by 13.0%. The Company ended the quarter with $891.1 million in cash, cash equivalents, and investments. Ziff Davis reaffirmed its 2024 guidance, expecting revenue between $1.411 billion and $1.471 billion, adjusted EBITDA between $500 million and $521 million, and adjusted diluted EPS between $6.43 and $6.77.
Castle Connolly released the Castle Connolly 2024 Top Asian American and Pacific Islander Doctors list, recognizing 722 leading AAPI doctors across 38 states and 73 specialties. The list doubled from the previous year, part of Castle Connolly's DEI initiative to honor top clinicians with shared backgrounds. AAPI population faces health inequities due to language and cultural barriers, with Castle Connolly's Top AAPI Doctors providing culturally sensitive healthcare.
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