Ziff Davis, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 06:10 am EST
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Ziff Davis, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 340.99 million compared to USD 341.87 million a year ago. Net loss was USD 30.97 million compared to net income of USD 18.19 million a year ago. Basic loss per share from continuing operations was USD 0.67 compared to basic earnings per share from continuing operations of USD 0.39 a year ago. Diluted loss per share from continuing operations was USD 0.67 compared to diluted earnings per share from continuing operations of USD 0.39 a year ago.
For the nine months, sales was USD 974.14 million compared to USD 994.3 million a year ago. Net loss was USD 21.92 million compared to USD 3.71 million a year ago. Basic loss per share from continuing operations was USD 0.47 compared to USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.47 compared to USD 0.08 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.