Welcome to our dedicated page for Ziff Davis news (Ticker: ZD), a resource for investors and traders seeking the latest updates and insights on Ziff Davis stock.
Ziff Davis, Inc. (NASDAQ: ZD) is a vertically focused digital media and internet company whose news flow reflects activity across technology, shopping, gaming and entertainment, health and wellness, connectivity, cybersecurity, and martech. The ZD news page on Stock Titan aggregates company announcements, subsidiary press releases, and regulatory communications so readers can follow how these diverse segments evolve over time.
Recent news illustrates the range of topics investors and observers can track. CNET Group, part of Ziff Davis’s shopping and technology division, has announced its role as the official partner for the Consumer Technology Association’s “Best of CES” awards, highlighting coverage of consumer technology products, services, and trends. Ookla, a division of Ziff Davis, has issued releases on connectivity intelligence offerings such as Speedtest Pulse and on partnerships involving Downdetector, emphasizing network validation, troubleshooting, and external observability for service providers and enterprises.
In the shopping and savings space, RetailMeNot, a Ziff Davis company, publishes news about events like National Cash Back Day, detailing cash back promotions, participating retailers, and how members can use its website, app, and browser extension to earn rewards. At the corporate level, Ziff Davis issues earnings releases, guidance updates, and announcements about acquisitions, capital allocation, and participation in investor conferences hosted by firms such as UBS, Barclays, and RBC Capital Markets.
On this news page, readers can review these different strands of communication in one place, from product and event announcements at portfolio brands to consolidated financial and strategic updates from Ziff Davis itself. For anyone following ZD stock, this provides context on how the company’s technology, shopping, connectivity, and cybersecurity and martech activities are being described in official news channels over time.
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.
Ziff Davis, Inc. (NASDAQ: ZD) announced the completion of an acquisition in Q2 2022. The acquisition of Lose It!, a health-focused platform, expands Ziff Davis’ global customer base and product offerings. Although the specific financial terms were not disclosed, the company stated that the financial impact is not expected to be material. This strategic move aims to provide Ziff Davis access to new markets within the health sector.
RetailMeNot announces its Summer of Savings campaign, aimed at helping shoppers save during the summer season. With 70% of Americans planning to attend celebrations, the initiative offers coupons, deals, and cashback offers at popular retailers like Home Depot and eBay. RetailMeNot emphasizes the importance of saving amidst inflationary pressures while shopping for weddings, travel, and home essentials. Key offers include up to 12% cash back at Home Depot and up to 50% off at eBay. For more details, visit www.retailmenot.com.
Ziff Davis (NASDAQ: ZD) announced participation in two notable investor conferences in June 2022. The first is the William Blair 42nd Annual Growth Stock Conference in Chicago on June 6, 2022 at 4:40 pm (CT). The second event is the Baird 2022 Global Consumer, Technology & Services Conference in New York on June 8, 2022 at 9:40 am (ET). Webcasts for both conferences are available online for investors and stakeholders.