Ziff Davis issues updates as a vertically focused digital media and internet company with brands across technology, shopping, gaming and entertainment, health and wellness, cybersecurity, martech, and connectivity intelligence. Company news commonly covers operating results, investor conference activity, portfolio strategy, and financial presentation across continuing and discontinued operations.
Recurring brand-level developments include IPVanish and VIPRE consumer security products, RetailMeNot savings and cash-back programs, Everyday Health Group and Castle Connolly health information and provider-recognition programs, and Ookla connectivity intelligence brands such as Speedtest, Downdetector, Ekahau, and RootMetrics.
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.
Ziff Davis reported Q1 2022 financial results with revenues of $315.1 million, a 1.1% increase from Q1 2021. Pro-forma revenues rose 5.3%. GAAP net income per diluted share fell to $0.51, down 38.6%, while adjusted non-GAAP net income per share decreased slightly to $1.23. Adjusted EBITDA for the quarter was $100.8 million, reflecting a marginal increase. The company maintained strong liquidity with $988.7 million in cash post-share repurchase and debt repayment. Guidance for FY 2022 remains affirmatively set with revenues projected between $1,497 million and $1,535 million.
Ziff Davis (NASDAQ: ZD) has appointed Sarah Fay as the new Chair of the Board of Directors, effective immediately. She succeeds Richard Ressler, who retired after serving since 1997. Fay, a board member since 2018, is currently a Managing Director at Glasswing Ventures and has a strong background in digital marketing and media as the former CEO of Aegis Media North America. Fay expressed her commitment to continue delivering value through Ziff Davis' digital portfolio, emphasizing the company’s expertise in digital transformation.