Ziff Davis Inc Stock Price, News & Analysis

HEAVY.AI and Ookla have announced a strategic partnership to transform network analytics through GPU-accelerated capabilities. The collaboration integrates HEAVY.AI's high-performance analytics platform with Ookla's network intelligence solutions, enabling real-time processing of multi-terabyte datasets.

The partnership focuses on three key areas:

• Infrastructure investment optimization through AI-driven analytics
• Enhanced consumer experience via real-time insights
• Accelerated network diagnostics processing billions of data points

This integration aims to help telecommunications providers, enterprises, and government agencies improve network performance optimization and decision-making. The solution is immediately available for organizations requiring real-time network insights, offering geospatial analytics and visualization tools customized for specific network intelligence needs.

Ziff Davis (NASDAQ: ZD) reported its unaudited financial results for Q4 and the full year ending December 31, 2024. Q4 2024 revenues rose by 5.9% to $412.8 million from $389.9 million in Q4 2023. However, income from operations decreased to $78.5 million from $80.7 million in the same period. Net income increased by 1.0% to $64.1 million, and net income per diluted share rose to $1.43 from $1.29.

Adjusted EBITDA for Q4 increased by 2.5% to $171.8 million, while adjusted net income increased by 3.0% to $110.2 million. Adjusted diluted EPS for Q4 rose by 10.7% to $2.58. Net cash from operating activities was $158.2 million, and free cash flow was $131.1 million. Ziff Davis ended Q4 with $664.1 million in cash and investments.

For the full year 2024, revenues increased by 2.8% to $1.40 billion. Income from operations decreased to $113.6 million, impacted by an $85.3 million goodwill impairment. Net income surged by 51.9% to $63.0 million, and net income per diluted share increased to $1.42. Adjusted EBITDA for the year rose by 2.3% to $493.5 million, and adjusted net income increased by 2.5% to $294.5 million. Adjusted diluted EPS for 2024 was $6.62, up 6.9%. Net cash from operating activities was $390.3 million, and free cash flow was $283.7 million. The company spent $225.4 million on acquisitions and $185.2 million on share repurchases in 2024.

Ziff Davis (NASDAQ: ZD) has scheduled its Fourth Quarter and Year-End 2024 Earnings release for February 24, 2025, at 6:00 PM ET. The company will host a live audio webcast earnings call the following day, February 25, 2025, at 8:30 AM ET.

The earnings call will be hosted by CEO Vivek Shah and CFO Bret Richter. Presentation materials will be available on ziffdavis.com and filed with the SEC via Form 8-K. Interested parties can access the call through the company's website or by dialing (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 attend live, the audio recording and presentation materials will be archived on the company's website.

Castle Connolly has announced its 2025 Healthcare Accolades, recognizing excellence in healthcare delivery across health systems, hospitals, and physician practices. The accolades are awarded based on the number of Top Doctors nationwide, by state, and across major metropolitan areas.

The recognition covers 14 specific service lines and medical specialties, including Cancer Care, Dermatology, Heart & Vascular Care, and Women's Health. Kaiser Permanente Hawaii was acknowledged as #1 in Hawaii for having the most Top Doctors.

With 80% of internet users searching for health information online, these accolades serve as a trusted resource for patients making healthcare decisions. The recognition aims to highlight institutional leadership and excellence in healthcare provision.

Ziff Davis (NASDAQ: ZD) has announced its upcoming participation in the SIG Susquehanna 14th Annual Tech Conference. The event will take place at the Lotte New York Palace in New York, NY on February 27, 2025. The company noted that there will be no formal presentation during the conference.

Optimum has received top rankings from Ookla® Speedtest® for its 100% Fiber Internet network across multiple regions. The company secured first place for fastest and most reliable internet speeds, lowest latency, and best gaming experience in New York and New Jersey, while also leading in several categories in Connecticut.

The network, which offers up to 8 Gig symmetrical upload and download speeds, now reaches over 2.9 million passings and serves 500,000 residential customers. Optimum's fiber network provides 99.9% reliability, supporting data-intensive applications like gaming, graphic design, and video production.

Beyond fiber services, Optimum's hybrid-fiber coax network achieved top rankings for fastest internet speeds in several counties across Arizona, Arkansas, California, Louisiana, Nevada, Oklahoma, and Texas. The company also offers Optimum Stream, providing various TV packages including Entertainment TV, Extra TV, and Everything TV, integrating live TV with streaming apps through Google Play Store.

Castle Connolly has released its 2025 Top Doctors list, featuring over 70,000 board-certified physicians across all 50 states and 85 medical specialties, representing the top 7% of U.S. doctors. The selection process involves peer nominations, professional achievements, and excellence in patient care, endorsed by the Castle Connolly Medical Advisory Board.

The announcement comes amid declining public trust in healthcare, with JAMA research showing trust levels dropping from 72% in April 2020 to 40% in January 2024. As patients increasingly turn to online platforms for health information, with 80% of internet users seeking health information online, Castle Connolly's list serves as a trusted resource for healthcare decision-making.

The company will announce the 2025 Castle Connolly Accolades on January 28th, recognizing healthcare institutions with outstanding levels of care through their top-ranked doctors.

Ziff Davis (NASDAQ: ZD) has announced the completion of one acquisition during the fourth quarter of 2024. The company acquired the assets of FullContact, a USA-based company operating in the Cybersecurity and Martech sectors. The acquisition is strategically aimed at expanding Ziff Davis' global customer base, accessing new markets, and broadening its product portfolio. While specific terms of the acquisition were not disclosed, the company stated that the financial impact of this transaction is not expected to be material to Ziff Davis' operations.

Ziff Davis (NASDAQ: ZD) has appointed Lori Tansley as Chief Accounting Officer, effective December 2, 2024. Reporting to CFO Bret Richter, Tansley will lead the company's global accounting and public reporting functions. She brings extensive experience from previous roles as CAO at Ankura Consulting Group and leadership positions at Moody's , Affinion Group, and General Electric. A CPA from New York with a BBA from Pace University, Tansley's expertise spans finance, M&A, and accounting in leading companies.