Ziff Davis Inc Stock Price, News & Analysis

Ziff Davis (NASDAQ: ZD) announced its participation in the J.P. Morgan 51st Annual Global Technology, Media and Communications Conference, scheduled for May 22, 2023, at 2:30 pm ET in Boston, MA.

This conference will showcase Ziff Davis as a key player in the digital media and internet sector, which includes prominent brands across technology, gaming, health, and more. A webcast of the session will be available at this link.

For further details about Ziff Davis and its diverse portfolio, visit www.ziffdavis.com.

Ziff Davis, Inc. (NASDAQ: ZD) announces its First Quarter 2023 Earnings Release scheduled for May 9, 2023, at 6:00 PM ET. A live audio Webcast of the earnings call will follow on May 10, 2023, at 8:30 AM ET, hosted by CEO Vivek Shah and CFO Bret Richter. Interested parties can access the call through the company's website, with materials also available online. Investors can submit questions via email prior to or during the call. Ziff Davis specializes in various sectors, including technology and cybersecurity.

Ziff Davis (NASDAQ: ZD) announced the completion of an acquisition in Q1 2023, acquiring the asset Lifehacker. This acquisition aims to enhance Ziff Davis' global customer base and expand its product offerings. The strategic move is anticipated to provide access to new markets, bolstering the company's position in the technology sector. Although the terms of the acquisition were not disclosed, Ziff Davis stated that the financial impact is not expected to be material. The company continues to focus on growth within its digital media and internet portfolio, which includes prominent brands across various sectors.

Castle Connolly has released the 2023 Exceptional Women in Medicine list, recognizing over 8,400 female doctors across 77 specialties in all 50 states. This acknowledgment aims to highlight their leadership and contributions to healthcare. The selection process includes peer nominations and thorough research. Women represent 37% of U.S. physicians, with a 13% increase in female recognition this year, totaling over 19,000 honored doctors. The initiative is part of Castle Connolly's Diversity, Equity and Inclusion program, aiming to inspire more women to pursue medical careers.

RetailMeNot, a subsidiary of Ziff Davis, has launched its Spring Savecation event, offering up to 60% off on travel essentials until March 14, 2023. The event features various discounts, including 50% off travel essentials at Amazon, $50 off Expedia, and 12% cash back at Macy's. As part of the promotion, RetailMeNot is seeking a Chief Spring Breaker to win nearly $5,000 in travel funds. A recent survey indicates that 96% of Americans are planning to travel between March and May, with an average expected spend of $3,250. For more details, visit RetailMeNot.com.

RetailMeNot, a Ziff Davis business, will host the Spring Savecation event from March 10 to 14, 2023, providing shoppers with exclusive coupons and cashback offers for travel-related purchases. The event aims to assist consumers in finding the best deals on accommodations, transportation, and travel essentials. A recent survey indicates that 96% of Americans plan to travel this spring, with 54% expecting to spend more on travel than in previous years. Top retailers including Expedia and Hotels.com will participate. On average, consumers plan to spend $3,250 on their trips, amidst ongoing inflation concerns.

Ziff Davis reported its Q4 and full year 2022 financial results, revealing a 2.9% decrease in quarterly revenues to $396.7 million. The net income from continuing operations plummeted to $69.2 million, down 81.7% from $378.9 million in Q4 2021, mainly due to a prior year unrealized gain from its investment in Consensus. However, adjusted net income rose 0.9% to $106.0 million. For the full year, revenues dropped 1.8% to $1.39 billion, with adjusted EBITDA increasing 1.6% to $507.2 million. The company forecasts 2023 revenue between $1.35 billion and $1.41 billion, indicating a potential decline of 2.9% to 1.2% compared to 2022.