NASDAQ$ZD

Ziff Davis, Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Ziff Davis's financial performance saw a revenue decrease, a net loss, and reaffirmed guidance for 2023.

Ziff Davis reported a slight decrease in revenue for Q1 2023, alongside a decrease in income from operations and a net loss, primarily due to unrealized losses from equity securities. However, the company reaffirmed its financial guidance for fiscal year 2023.

  • Q1 2023 revenues decreased by 2.5% to $307.1 million compared to Q1 2022.
  • Net loss decreased to $(7.6) million compared to net income of $24.5 million for Q1 2022.
  • Adjusted EBITDA decreased by 6.4% to $94.3 million compared to Q1 2022.
  • The company reaffirmed its guidance for fiscal year 2023 with revenue between $1,350.0 million and $1,408.0 million.

Headline financials

Total Revenue

$307M

Previous: $315M-2.5%
EPS (adj)

$1.10

Previous: $1.23-10.6%
Capital Expenditures

-$30M

Previous: -$30.5M+1.6%
Free Cash Flow

-$37.6M

Previous: -$5.97M-531.1%
Net Income

-$7.63M

Previous: $24.5M-131.1%
Operating Income

$26.3M

Previous: $30.6M-13.9%
Gross Profit

$261M

Previous: $269M-2.8%
Cash & Equivalents

$722M

Previous: $629M+14.7%
Total Assets

$3.53B

Previous: $3.66B-3.7%
Stock-Based Comp

$8.4M

Previous: $6.72M+25.1%

Revenue & EPS history

Ziff Davis · Revenue · Quarterly

$307M

Q1 2023-2.5%vs Q1 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Ziff Davis reaffirms its guidance for fiscal year 2023, estimating revenue between $1,350.0 million and $1,408.0 million and Adjusted diluted EPS between $6.02 and $6.54.

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 2023

Historical avgQ1 2023

+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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