NASDAQ$ZD

Ziff Davis, Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Ziff Davis reported strong financial results, demonstrating the strength and quality of its businesses.

Ziff Davis reported a 1.1% increase in quarterly revenues to $315.1 million. GAAP net income per diluted share decreased to $0.51, while adjusted non-GAAP net income per diluted share decreased 1.0% to $1.23. The company ended the quarter with approximately $988.7 million in cash, cash equivalents, and investments.

  • Q1 2022 quarterly revenues increased 1.1% to $315.1 million compared to $311.7 million for Q1 2021.
  • GAAP net income per diluted share from continuing operations decreased to $0.51 in Q1 2022 compared to $0.83 for Q1 2021.
  • Adjusted non-GAAP net income per diluted share from continuing operations for the quarter decreased 1.0% to $1.23 as compared to $1.24 for Q1 2021.
  • Free cash flow from continuing operations was $86.0 million in Q1 2022.

Headline financials

Total Revenue

$315M

Previous: $398M-20.9%
EPS (adj)

$1.23

Previous: $2.18-43.6%
Capital Expenditures

-$30.5M

Previous: -$26.3M-16.1%
Free Cash Flow

-$5.97M

Previous: $51.7M-111.5%
Net Income

$24.5M

Previous: $77.9M-68.5%
Operating Income

$30.6M

Previous: $78.5M-61.1%
Gross Profit

$269M

Previous: $340M-21.0%
Cash & Equivalents

$629M

Previous: $372M+69.1%
Total Assets

$3.66B

Previous: $3.7B-1.1%
Stock-Based Comp

$6.72M

Previous: $6.11M+9.9%

Revenue & EPS history

Ziff Davis · Revenue · Quarterly

$315M

Q1 2022-20.9%vs Q1 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The Company reaffirms its guidance for fiscal year 2022 as follows (in millions, except per share data):

Tailwinds

  • Revenue: $1,497-$1,535 million
  • Adjusted EBITDA: $538-$555 million
  • Adjusted non-GAAP Diluted EPS: $6.52-$6.79
  • Non-GAAP effective tax rate for 2022 (exclusive of the release of reserves for uncertain tax positions) will be between 23.5% and 25%.
  • Share-based compensation of between $24 million and $28 million

Headwinds

  • amortization of acquired intangibles
  • impact of any currently unanticipated items
  • costs related to acquisitions
  • taxation
  • variability of these items to have a potentially unpredictable and significant impact on our future non-GAAP financial results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.9%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+2.8%

Avg return

30 days after

49%

33 / 68 earnings

Positive

+20.4%

Q3 2024

Best reaction

-15.1%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.2%-6.4%+5.9%
Q4 2025-15.1%-8.4%+46.6%
Q3 2025-2.3%-3.3%+5.5%
Q1 2025-4.6%+3.3%+2.8%
Q4 2024-9.5%-15.9%-19.7%
Q3 2024+20.4%+18.0%+19.2%
Q2 2024+3.6%+6.3%+16.4%
Q1 2024-2.4%+4.2%+3.7%
Q4 2023+5.2%+7.2%-3.0%
Q3 2023-0.4%+8.2%+3.7%
Q2 2023-3.0%-6.5%-5.7%
Q1 2023-1.9%-1.8%+1.4%
Q4 2022+0.1%-0.6%-7.7%
Q3 2022+17.3%+17.6%+16.3%
Q2 2022+0.0%+1.4%-6.9%
Q1 2022-2.7%-11.5%-13.5%
Q4 2021+5.1%+4.2%-3.1%
Q3 2021-1.9%+1.7%-16.6%
Q2 2021-2.3%-3.7%-3.7%
Q1 2021+3.7%+4.4%+8.2%
Q4 2020-0.2%+2.6%+11.0%
Q3 2020+4.0%+7.5%+24.4%
Q2 2020+3.3%+16.2%+17.0%
Q1 2020+5.7%-6.6%+5.0%
Q4 2019-2.9%-1.0%-16.7%
Q3 2019-0.9%+3.3%+1.8%
Q2 2019-1.8%-0.2%+7.7%
Q1 2019+1.9%+2.2%-3.2%
Q4 2018+10.8%+14.2%+15.1%
Q3 2018+4.6%+3.7%-0.2%
Q2 2018-6.1%-4.0%-5.3%
Q1 2018+4.8%+3.6%+3.7%
Q4 2017-1.2%-4.6%+8.2%
Q3 2017+2.2%+0.4%+0.6%
Q2 2017-6.7%-7.5%-10.1%
Q1 2017-1.8%-6.4%-6.6%
Q4 2016+3.1%-0.6%+1.0%
Q3 2016-5.1%-4.6%+4.0%
Q2 2016+2.4%+2.1%+2.0%
Q1 2016+2.6%
Q4 2015+17.5%
Q3 2015-0.5%
Q2 2015+6.4%
Q1 2015-1.1%
Q4 2014+10.5%
Q3 2014+1.7%
Q2 2014+1.9%
Q1 2014+5.2%
Q4 2013+6.7%
Q3 2013-9.1%
Q2 2013+4.6%
Q1 2013-7.7%
Q4 2012+14.8%
Q3 2012+1.9%
Q2 2012-1.3%
Q1 2012+2.1%
Q4 2011-3.3%
Q3 2011-3.1%
Q2 2011-2.8%
Q1 2010+1.5%
Q1 2011-0.4%
Q4 2008-1.0%
Q4 2010-1.0%
Q3 2009+2.1%
Q3 2010+2.1%
Q2 2010-2.9%
Q4 2009-2.9%
Q2 2009-2.9%

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