Ziff Davis, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 21, 2024 at 06:09 pm EST
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Ziff Davis, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 389.89 million compared to USD 396.7 million a year ago. Net income was USD 63.42 million compared to USD 67.47 million a year ago. Basic earnings per share from continuing operations was USD 1.39 compared to USD 1.47 a year ago. Diluted earnings per share from continuing operations was USD 1.29 compared to USD 1.37 a year ago. Basic earnings per share was USD 1.39 compared to USD 1.44 a year ago. Diluted earnings per share was USD 1.29 compared to USD 1.34 a year ago.
For the full year, sales was USD 1,364.03 million compared to USD 1,391 million a year ago. Net income was USD 41.5 million compared to USD 63.76 million a year ago. Basic earnings per share from continuing operations was USD 0.89 compared to USD 1.39 a year ago. Diluted earnings per share from continuing operations was USD 0.89 compared to USD 1.39 a year ago. Basic earnings per share was USD 0.89 compared to USD 1.36 a year ago. Diluted earnings per share was USD 0.89 compared to USD 1.36 a year ago.
Ziff Davis, Inc. is a vertically focused digital media and Internet company. Its portfolio includes brands in technology, shopping, gaming and entertainment, connectivity, health, cybersecurity, and Martech. Its segments include Digital Media and Cybersecurity and Martech. The Digital Media segment specializes in the technology, shopping, gaming and entertainment, connectivity, and healthcare markets, offering content, tools, and services to consumers and businesses. Its Digital Media business operates a portfolio of Web properties and apps, which includes IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers.com, Black Friday, Medpage Today, Everyday Health, BabyCenter, What to Expect and others. The Cybersecurity and Martech segment provide cloud-based subscription services to consumers and businesses, including cybersecurity, privacy, and marketing technology. It markets its Cybersecurity and Martech offerings to a spectrum of prospective business customers.