ZIFF DAVIS, INC. ZD
Ziff Davis, Inc., together with its subsidiaries ("Ziff Davis", the "Company", "our", "us", or "we"), is a vertically focused digital media and internet company whose portfolio includes leading brands in technology, shopping, gaming and entertainment, health and wellness, connectivity, cybersecurity, and martech. Our digital media businesses specialize in publishing and producing trusted editorial content and tools for users seeking information and advice relating to the technology, shopping, gaming and entertainment, and health and wellness markets, and offer services to consumers and businesses. Our connectivity business develops actionable broadband network intelligence and insights through data collection and analysis, and delivers products and services that facilitate improvements in network performance to enterprises that provide or rely on broadband networks, including through the provision of hardware and software used for planning and assessing the performance of wi-fi networks. Our cybersecurity and marketing technology business provides internet-delivered cloud-based subscription and licensed services to consumers and businesses including cybersecurity, privacy, and digital marketing tools.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- All other countries
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $1.22B | $1.17B | $1.14B |
| All other countries | $232.0M | $236.1M | $226.2M |
As the company reported it, from the “Segment Information - Schedule of Revenues and Long-lived Assets by Geographic Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Health & Wellness
- Technology & Shopping
- Cybersecurity & Martech
- Connectivity
- Gaming & Entertainment
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Health & Wellness | $402.4M | $362.4M | $361.9M |
| Technology & Shopping | $356.6M | $361.9M | $330.6M |
| Cybersecurity & Martech | $278.0M | $283.5M | $291.2M |
| Connectivity | $230.7M | $213.6M | $211.5M |
| Gaming & Entertainment | $183.6M | $180.3M | $168.8M |
As the company reported it, from the “Segment Information - Schedule of Information on Reportable Segments Revenues (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.45B | $1.40B | $1.36B | $1.39B | $1.42B | $1.16B | $1.05B | $1.21B | $1.12B | $874.3M |
| Cost of revenue | $206.6M | $200.3M | $185.7M | $184.5M | $188.1M | $178.4M | $187.3M | $201.1M | $172.3M | $147.1M |
| Gross profit | $1.24B | $1.20B | $1.18B | $1.21B | $1.23B | $980.4M | $863.1M | $1.01B | $945.5M | $727.2M |
| R&D | $62.0M | $67.4M | $68.9M | $74.1M | $78.9M | $57.1M | $44.7M | $48.4M | $46.0M | $38.0M |
| SG&A | $210.0M | $203.5M | $195.7M | $181.9M | $456.8M | $418.6M | $402.6M | $375.3M | $323.5M | $239.7M |
| Total operating expenses | — | — | — | — | $1.06B | $842.1M | $774.9M | $761.9M | $699.8M | $484.6M |
| Operating income | $183.1M | $113.6M | $132.6M | $198.9M | $167.3M | $138.3M | $88.2M | $244.3M | $245.7M | $242.6M |
| Interest expense | $37.6M | $35.3M | $41.6M | $37.1M | $79.6M | $58.1M | $26.1M | $63.5M | $59.2M | $42.7M |
| Pre-tax income | $80.7M | $93.2M | $75.0M | $131.2M | $351.4M | $78.3M | $54.8M | $177.6M | $200.0M | $211.4M |
| Income tax | $25.4M | $41.4M | $24.1M | $58.0M | $14.2M | $38.4M | $13.8M | $44.8M | $60.5M | $59.0M |
| Net income | $47.4M | $63.0M | $41.5M | $63.8M | $496.7M | $150.7M | $218.8M | $128.7M | $139.4M | $152.4M |
| EPS, basic | 1.16 | 1.42 | 0.89 | 1.36 | 10.81 | 3.24 | 4.52 | 2.64 | 2.89 | 3.15 |
| EPS, diluted | 1.15 | 1.42 | 0.89 | 1.36 | 10.37 | 3.18 | 4.39 | 2.59 | 2.83 | 3.13 |
| Shares, diluted (wtd. avg.) | 41.1M | 44.5M | 46.5M | 47.0M | 47.9M | 47.1M | 49.0M | 48.9M | 48.7M | 48.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $607.0M | $505.9M | $737.6M | $652.8M | $694.8M | $176.4M | $524.5M | $135.5M | $350.9M | $124.0M |
| Short-term investments | — | $0 | $27.1M | $58.4M | $229.2M | $663.0K | $0 | — | — | $60.0K |
| Receivables | $667.2M | $660.2M | $337.7M | $304.7M | $316.3M | $309.5M | $261.9M | $221.6M | $234.2M | $199.9M |
| Total current assets | $1.37B | $1.27B | $1.19B | $1.08B | $1.30B | $622.8M | $886.9M | $460.3M | $620.4M | $348.0M |
| Property, plant and equipment | $213.2M | $197.2M | $188.2M | $178.2M | $161.2M | $131.5M | $127.8M | $98.8M | $79.8M | $68.1M |
| Goodwill | $1.61B | $1.58B | $1.55B | $1.59B | $1.53B | $1.52B | $1.31B | $1.38B | $1.20B | $1.12B |
| Other intangibles | $344.2M | $425.7M | $325.4M | $462.8M | $572.7M | $696.9M | $524.9M | $494.8M | $452.9M | $478.9M |
| Total assets | $3.66B | $3.70B | $3.47B | $3.53B | $3.77B | $3.67B | $3.51B | $2.56B | $2.45B | $2.06B |
| Accounts payable | $151.3M | $164.4M | $123.3M | $120.8M | $131.0M | $197.9M | $238.1M | $166.5M | $169.8M | $178.1M |
| Short-term debt | $148.7M | $0 | — | $0 | $54.6M | $396.8M | $385.5M | $0 | $0 | $0 |
| Total current liabilities | $1.07B | $899.6M | $431.8M | $432.4M | $497.2M | $882.6M | $833.1M | $307.3M | $265.1M | $454.1M |
| Long-term debt | $717.8M | $864.3M | $1.00B | $999.1M | $1.04B | $1.18B | $1.06B | $1.01B | $1.00B | $601.7M |
| Total liabilities | $1.91B | $1.89B | $1.58B | $1.64B | $1.80B | $2.45B | $2.19B | $1.53B | $1.43B | $1.15B |
| Retained earnings | $1.34B | $1.40B | $1.49B | $1.54B | $1.52B | $809.1M | $891.5M | $769.6M | $723.1M | $660.4M |
| Total equity | $1.75B | $1.81B | $1.89B | $1.89B | $1.97B | $1.21B | $1.31B | $1.04B | $1.02B | $914.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $407.1M | $390.3M | $320.0M | $336.4M | $516.5M | $480.1M | $412.5M | $401.3M | $264.4M | $282.4M |
| Depreciation and amortisation | $228.7M | $211.9M | $237.0M | $233.4M | $258.3M | $228.7M | $232.0M | $187.2M | $162.0M | $122.1M |
| Stock-based compensation | $44.9M | $40.9M | $31.9M | $26.6M | $25.2M | $24.0M | $23.9M | $28.1M | $22.7M | $13.7M |
| Capital expenditure | $119.2M | $106.6M | $108.7M | $106.2M | $113.7M | $92.6M | $70.6M | $56.4M | $39.6M | $24.7M |
| Investing cash flow | -$145.8M | -$297.5M | -$127.4M | -$220.8M | $59.1M | -$586.2M | -$505.3M | -$406.6M | -$158.5M | -$448.9M |
| Financing cash flow | -$170.3M | -$321.0M | -$114.8M | -$140.8M | -$113.1M | -$234.6M | $456.7M | -$131.4M | $111.8M | $41.1M |
| Dividends paid | — | — | — | — | $0 | $0 | $43.9M | $82.6M | $73.5M | $65.8M |
| Buybacks | $173.8M | $185.2M | $108.5M | $78.3M | $78.3M | $275.7M | $20.8M | $47.1M | $9.8M | $56.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001084048-26-000005.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $874.3M | $1.12B | $1.21B | $1.05B | $1.16B | $1.42B | $1.39B | $1.36B | $1.40B | $1.45B |
| Gross profit | $727.2M | $945.5M | $1.01B | $863.1M | $980.4M | $1.23B | $1.21B | $1.18B | $1.20B | $1.24B |
| Net income | $152.4M | $139.4M | $128.7M | $218.8M | $150.7M | $496.7M | $63.8M | $41.5M | $63.0M | $47.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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