NASDAQ$ZD
Ziff Davis, Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Ziff Davis's third quarter results reflected revenue growth and increased profitability, but also a net loss due to goodwill impairment.
Ziff Davis reported a 3.7% increase in revenue to $353.6 million for Q3 2024, with adjusted EBITDA up 9.6% to $124.7 million. However, the company experienced a net loss of $48.6 million, primarily due to an $85.3 million goodwill impairment. The company reaffirms its guidance for fiscal year 2024.
- Q3 2024 revenues increased by 3.7% year-over-year to $353.6 million.
- Adjusted EBITDA for Q3 2024 increased by 9.6% year-over-year to $124.7 million.
- Net loss for Q3 2024 was $48.6 million, impacted by an $85.3 million goodwill impairment.
- Free cash flow for Q3 2024 was $80.1 million, compared to $45.6 million in Q3 2023.
Headline financials
Revenue & EPS history
Ziff Davis · Revenue · Quarterly
$354M
Forward guidance
The Company reaffirms its guidance for fiscal year 2024.
Tailwinds
- Revenue: $1,411.0 to $1,471.0 million
- Adjusted EBITDA: $500.0 to $521.0 million
- Adjusted diluted EPS: $6.43 to $6.77
- Adjusted diluted EPS excludes amortization of acquired intangibles and the impact of any currently unanticipated items, in each case net of tax.
- It is anticipated that the Adjusted effective tax rate for 2024 will be between 23.25% and 25.25%.
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 Q3 2024
+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
| Quarter | Report date | Reaction (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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