Ziff Davis Inc Stock Price, News & Analysis

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.

Ziff Davis (NASDAQ: ZD) has announced its participation in the Citi 2024 Global TMT Conference. The event is scheduled for September 6, 2024, at 10:50 am (ET) and will take place at the Lotte New York Palace Hotel in New York, NY. This conference provides an opportunity for investors to gain insights into Ziff Davis's operations and future plans.

Interested parties can access a live webcast of the presentation through the provided link. This participation demonstrates Ziff Davis's commitment to engaging with the investment community and sharing updates on its business strategies and performance. The TMT (Technology, Media, and Telecommunications) conference is a significant platform for companies in these sectors to showcase their developments and connect with potential investors.

Ziff Davis (NASDAQ: ZD) reported Q2 2024 financial results, reaffirming its 2024 guidance. Quarterly revenues decreased 1.6% to $320.8 million, while income from operations fell 26.5% to $28.6 million. However, net income surged 121.3% to $36.9 million, with earnings per share rising to $0.77. Adjusted EBITDA declined 9.8% to $96.3 million, and adjusted net income decreased 9.8% to $53.7 million. The company ended the quarter with $839.7 million in cash and investments after deploying funds for share repurchases and acquisitions. CEO Vivek Shah expressed confidence in the company's growth trajectory, citing recent acquisition activity. Ziff Davis maintained its full-year 2024 guidance, projecting revenue between $1,411.0 million and $1,471.0 million, and adjusted EBITDA between $500.0 million and $521.0 million.

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

CEO Vivek Shah and CFO Bret Richter will host the call. Interested parties can access the webcast at ziffdavis.com or dial in at (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 join live, an audio recording and presentation materials will be archived on the company's website.

Ziff Davis (NASDAQ: ZD) has announced private exchange agreements with select holders of its 1.75% Convertible Senior Notes due 2026. The company will exchange approximately $401 million of these notes for $263 million in new 3.625% Convertible Senior Notes due 2028 and $135 million in cash. The exchange is expected to settle around July 16, 2024, pending customary conditions. Post-exchange, $149 million of the existing notes will remain, and the new notes will carry an interest rate of 3.625% and mature on March 1, 2028. The conversion rate for new notes is 10 shares per $1,000 principal, equating to $100 per share, with conversion options starting December 1, 2027, under certain conditions. The company will not receive cash proceeds from new note issuance.

Ziff Davis (NASDAQ: ZD) announced the completion of one acquisition in Q2 2024. The acquisition of Gamer Network, a U.K.-based gaming and entertainment company, aims to expand Ziff Davis' global customer base and product lineup. While the specific terms of the acquisition were not disclosed, Ziff Davis mentioned that the financial impact is not expected to be material.