Ziff Davis Inc Stock Price, News & Analysis

Ziff Davis, Inc. (NASDAQ: ZD) will announce its Third Quarter 2022 Earnings on November 8, 2022, at 6:00 PM ET. A live audio webcast will follow on November 9, 2022, at 8:30 AM ET, featuring CEO Vivek Shah and CFO Bret Richter. Participants can listen via ziffdavis.com or through a dial-in option. The earnings materials will also be accessible on the company’s website. Investors are invited to submit questions via email.

Ziff Davis (NASDAQ: ZD) announced it has completed two acquisitions in Q3 2022, which aim to enhance its global customer base and product offerings. The acquired entities are 1TwentyFour from the USA and CellRebel from Sweden, focusing on entertainment and connectivity, respectively. While specific financial terms of these acquisitions were not disclosed, Ziff Davis expects no significant material impact on its financials from these transactions.

The 2023 State of IT report by Spiceworks Ziff Davis reveals that 51% of organizations plan to increase IT budgets despite recession fears, with only 6% expecting cuts. Key findings include a significant shift toward prioritizing IT projects, with inflation impacting 40% of budget increases. Managed services spending is expected to rise to 18% of IT budgets. The survey included over 950 IT professionals across North America and Europe, highlighting optimism around tech investments driving future growth.

Ziff Davis (NASDAQ: ZD) has appointed Layth Taki as its new Chief Accounting Officer, effective September 27, 2022. Taki joins from Altice USA, where he served as SVP and Chief Accounting Officer, overseeing a $10 billion revenue operation. His experience includes managing acquisitions and compliance, enhancing Ziff Davis’ financial leadership. Taki holds a Master’s degree from the University of Denver and is a Certified Public Accountant. Bret Richter, CFO of Ziff Davis, expressed confidence in Taki's fit within the company's growth strategy.

Ziff Davis (NASDAQ: ZD) announced its participation in two significant investor conferences in September 2022.

The Citi's 2022 Global Technology Conference will take place on September 7, 2022, at the Hilton Midtown in New York, with no webcast presentation planned.

Additionally, Ziff Davis will attend the Evercore ISI 2nd Annual Technology Conference on September 8, 2022, at the Westin New York at Times Square, starting at 12:00 PM ET. A webcast will be available at this link.

Ziff Davis reported its Q2 2022 financial results, revealing a revenue decrease of 1.1% to $337.4 million compared to Q2 2021. Despite this, pro-forma revenues increased by 2.2%. The GAAP net loss per diluted share rose to $0.99, primarily due to investment losses in Consensus, while adjusted non-GAAP earnings improved by 5.3% to $1.58 per share. Adjusted EBITDA grew marginally by 0.9%, reaching $118 million. The company revised its full-year revenue guidance down to a range of $1,410 million to $1,435 million. Ziff Davis aims to strengthen its balance sheet and pursue growth through acquisitions.

Ookla has acquired CellRebel, enhancing its capabilities in mobile network performance by integrating advanced analytics and consumer experience insights. This acquisition aims to provide telecommunications companies with a deeper understanding of network quality through billions of daily data points. CellRebel's technology promises sophisticated data visualization and real-world measurements, positioning Ookla to better serve the global telecommunications market. The combined strengths of both companies are expected to improve connectivity solutions.

Ziff Davis will announce its Second Quarter 2022 Earnings on August 9, 2022, at 6:00 PM ET. The company invites interested parties to join its live audio Webcast on August 10, 2022, at 8:30 AM ET, hosted by CEO Vivek Shah and CFO Bret Richter. Earnings materials will be available on ziffdavis.com. Questions for the call can be emailed to investor@ziffdavis.com.