Ziff Davis Reports First Quarter 2024 Financial Results and Reaffirms 2024 Guidance
Ziff Davis, Inc. (ZD)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Ziff Davis, Inc. (NASDAQ: ZD) (“Ziff Davis” or “the Company”) today reported unaudited financial results for the first quarter ended March 31, 2024.“Our first quarter financial results are some of the Company’s strongest since the second quarter of 2022,” said Vivek Shah, Chief Executive Officer of Ziff Davis. “We are particularly pleased with the growth in our subscription and licensing revenues, as we continue to pursue a balanced business model."FIRST QUARTER 2024 RESULTSQ1 2024 quarterly revenues increased 2.4% to $314.5 million compared to $307.1 million for Q1 2023.Income from operations increased 36.3% to $35.9 million compared to $26.3 million for Q1 2023.Net income (loss) (1) increased to $10.6 million compared to $(7.6) million for Q1 2023.Net income (loss) per diluted share (1) increased to $0.23 in Q1 2024 compared to $(0.16) for Q1 2023.Adjusted EBITDA (2) for the quarter increased 6.8% to $100.8 million compared to $94.3 million for Q1 2023
Show less
Read more
Impact Snapshot
Event Time:
ZD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ZD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ZD alerts
High impacting Ziff Davis, Inc. news events
Weekly update
A roundup of the hottest topics
ZD
News
- Ziff Davis, Inc. (NASDAQ: ZD) had its price target lowered by analysts at Citigroup Inc. from $74.00 to $62.00. They now have a "neutral" rating on the stock.MarketBeat
- Ziff Davis, Inc. (NASDAQ: ZD) had its price target lowered by analysts at Barclays PLC from $68.00 to $58.00. They now have an "equal weight" rating on the stock.MarketBeat
- Ziff Davis, Inc. (NASDAQ: ZD) had its price target lowered by analysts at Wedbush from $78.00 to $70.00. They now have an "outperform" rating on the stock.MarketBeat
- Castle Connolly Releases Castle Connolly 2024 Top Asian American and Pacific Islander DoctorsAccesswire
- Securities lawsuits premised on short-seller reports come up short [Reuters]Reuters
ZD
Earnings
- 5/8/24 - Beat
ZD
Sec Filings
- 5/16/24 - Form 8-K
- 5/13/24 - Form 8-K
- 5/9/24 - Form 10-Q
- ZD's page on the SEC website