Ziff Davis Reports Third 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 third quarter ended September 30, 2024.“We are very pleased with our third quarter results,” said Vivek Shah, Chief Executive Officer of Ziff Davis. “We are seeing improvements in the businesses that we currently own, as well as opportunities to leverage our strong balance sheet and free cash flows to acquire businesses that we would like to own.”THIRD QUARTER 2024 RESULTSQ3 2024 quarterly revenues increased 3.7% to $353.6 million compared to $341.0 million for Q3 2023.Loss from operations increased to $29.3 million compared to $13.3 million for Q3 2023. This includes a $85.3 million goodwill impairment recognized in Q3 2024 compared to a $56.9 million goodwill impairment recognized in Q3 2023.Net loss (1) increased to $48.6 million compared to $31.0 million for Q3 2023. This includes a $85.3 million goodwill impairment recognized in Q3 2024 c
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Sec Filings
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- 11/14/24 - Form 4
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