Ziff Davis Inc Stock Price, News & Analysis

Spiceworks has released its 13th Annual State of IT report, revealing key trends for 2025. The report indicates that 64% of organizations plan to increase IT spending, with security and generative AI as primary investment areas. Key challenges include rising costs and IT labor shortages, with 57% of senior tech leaders struggling to hire skilled talent. The study highlights a significant gap in budget perception, as 54% of IT staff believe technology spending is insufficient, compared to only 15% of senior leaders. Organizations show flexibility in vendor selection, willing to change providers for 59% of their technologies. The report also reveals resource disparities between large and small businesses, particularly in security and AI implementation.

Ziff Davis (NASDAQ: ZD) reported Q3 2024 financial results with revenue increasing 3.7% to $353.6 million. Despite revenue growth, the company recorded a net loss of $48.6 million, largely due to an $85.3 million goodwill impairment. Adjusted EBITDA grew 9.6% to $124.7 million, and adjusted net income increased 4.3% to $72.1 million. The Digital Media segment showed 5.8% growth, while Cybersecurity and Martech declined 4.1%. Free cash flow improved significantly to $80.1 million, up from $45.6 million in Q3 2023. The company maintained its 2024 guidance with expected revenue between $1,411.0-$1,471.0 million.

RetailMeNot, a Ziff Davis company, launches its extended three-day Cash Back Day event from November 7-9, 2024. The event offers members up to 20% cash back from major retailers including Walmart, Macy's, and Kate Spade. Shoppers can stack deals and cash back offers on top of ongoing sales at hundreds of retailers. RetailMeNot will also donate a portion of earned cash back to Dell Children's Foundation in Austin, TX. Members can access rewards through their RetailMeNot account within 45 days and transfer funds via Venmo or PayPal.

Ziff Davis, Inc. (NASDAQ: ZD) has announced its participation in the 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference. The event is scheduled for November 20, 2024, at 1:20 pm (ET) and will take place at the InterContinental New York Barclay in New York, NY.

Interested parties can access the webcast of Ziff Davis's presentation through the provided link: https://kvgo.com/rbc/ziff-davis-inc-nov-2024. This conference presents an opportunity for investors and analysts to gain insights into Ziff Davis's strategies and performance in the technology and media sectors.

Ziff Davis, Inc. (NASDAQ: ZD) has announced its schedule for the Third Quarter 2024 Earnings release and call. The company will release its earnings report on Thursday, November 7, 2024, at 6:00PM ET. This will be followed by a live audio webcast of the earnings call on Friday, November 8, 2024, at 8:30AM ET.

The earnings call will be hosted by Vivek Shah, Chief Executive Officer, and Bret Richter, Chief Financial Officer. Interested parties, including the public, press, financial community, and stockholders, are invited to listen to the webcast. Materials presented during the call will be available on the company's website at ziffdavis.com and furnished as an exhibit to the company's 8-K filing.

Questions for the earnings call can be submitted via email to investor@ziffdavis.com before or during the live webcast. For those unable to join the live call, an audio recording and presentation materials will be archived on the company's website.

Ziff Davis, Inc. (NASDAQ: ZD) has announced the completion of one acquisition in the third quarter of 2024. The acquired company is CNET, a technology-focused equity in the United States. This strategic move is aimed at expanding Ziff Davis' global customer base, accessing new markets, and broadening its product lineup. While the specific terms of the acquisition were not disclosed, Ziff Davis stated that the financial impact of this acquisition is not expected to be material to the company.

Spiceworks Ziff Davis announces the 17th annual SpiceWorld conference, scheduled for November 13-14, 2024, in Austin, Texas. The event, held at the AT&T Hotel and Conference Center, aims to educate, motivate, and celebrate tech professionals. SpiceWorld 2024 offers networking opportunities, technology insights, and hands-on experience with the latest innovations.

The conference features keynote speakers Douglas Rushkoff, a futurist named one of MIT's most influential thinkers, and Tarah Wheeler, a leading digital security veteran. Key topics include AI & Emerging Tech, Cloud & Infrastructure, Security, Software & Tools, and IT Careers & Leadership. Major tech brands like Dell Technologies, Auvik, Baramundi, NinjaOne, and Kaseya will be present, providing attendees the chance to 'Level Up' their IT game.

Castle Connolly has released its 2024 Top Hispanic & Latino Doctors list, recognizing 336 outstanding physicians from Hispanic and Latino communities across 73 specialties in 35 states. This represents a 44% increase from the 2023 list. The initiative aims to address the care gap in Hispanic communities and highlight the importance of cultural competency in healthcare.

Dr. Diana E. Ramos, California Surgeon General, emphasizes the growing Latino population and the need for physicians who understand cultural nuances. The list is part of Castle Connolly's Diversity Equity and Inclusion (DEI) initiative and aligns with National Latino Physician Day, which raises awareness about the underrepresentation of Latino physicians in the medical field.

DeepIntent, a health advertising platform, and Everyday Health Group (EHG), a leading provider of consumer, patient, and provider education, have announced a strategic partnership. This collaboration will offer agencies and brands priority access to a powerful, health-focused platform with premium, trusted, and reviewed health content.

The partnership aims to enhance brand-audience connections while providing a competitive advantage in the evolving marketplace. It includes first-look access to EHG's premium inventory, allowing health marketers to efficiently reach qualified audiences across top-tier properties like Everyday Health, BabyCenter, and MedPage Today. The companies plan to create enhanced targeting through EHG-branded audience segments and jointly develop audiences with combined data for improved campaign performance.