NASDAQ$ZD

Ziff Davis, Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Ziff Davis reported its fourth quarter and full year 2024 financial results, showing growth in revenues and adjusted diluted EPS for the quarter.

Ziff Davis reported a 5.9% increase in Q4 2024 revenues to $412.8 million and a 10.7% increase in adjusted diluted EPS to $2.58. Net income also saw a slight increase to $64.1 million.

  • Q4 2024 revenues increased by 5.9% to $412.8 million, up from $389.9 million in Q4 2023.
  • Adjusted diluted EPS for Q4 2024 increased by 10.7% to $2.58, compared to $2.33 in Q4 2023.
  • Net cash provided by operating activities significantly increased to $158.2 million in Q4 2024 from $92.1 million in Q4 2023.
  • The company ended the quarter with approximately $664.1 million in cash, cash equivalents, and investments.

Headline financials

Total Revenue

$413M

Previous: $390M+5.9%
EPS (adj)

$2.58

Previous: $2.33+10.7%
Adjusted EBITDA

$172M

Previous: $168M+2.5%
Operating Income Margin

19.0%

Previous: 20.7%-8.2%
Adjusted EBITDA Margin

41.6%

Previous: 43.0%-3.3%
Adjusted Net Income

$110M

Previous: $107M+3.0%
Operating Cash Flow

$158M

Previous: $92.1M+71.8%
Capital Expenditures

-$27.2M

Previous: -$26.3M-3.5%
Net Income

$64.1M

Previous: $63.4M+1.1%
Operating Income

$78.5M

Previous: $80.7M-2.7%
Gross Profit

$300M

Previous: $299M+0.4%
R&D Expense

$13.6M

Previous: $15.4M-11.3%

Revenue & EPS history

Ziff Davis · Revenue · Quarterly

$413M

Q4 2024+5.9%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Ziff Davis provided full year 2025 guidance, anticipating revenue between $1.442 billion and $1.502 billion, Adjusted EBITDA between $505 million and $542 million, and Adjusted diluted EPS between $6.64 and $7.28.

Tailwinds

  • Anticipated revenue growth ranging from 2.9% to 7.2% for 2025.
  • Projected Adjusted EBITDA growth between 2.3% and 9.8% for 2025.
  • Expected Adjusted diluted EPS growth from 0.3% to 10.0% for 2025.
  • The company believes 2024 marked an inflection point for revenue, adjusted diluted EPS, and free cash flow growth.
  • New segment reporting structure aims to provide better understanding of the business.

Headwinds

  • Reconciliation of forward-looking non-GAAP measures to GAAP is not available due to variability and difficulty in forecasting certain non-operating items.
  • The guidance is based on limited information and is subject to change.
  • Uncertain U.S. or worldwide economy, including the possibility of economic downturn or recession, could impact performance.
  • Risks related to customer growth and retention, competition, and technological changes could affect results.
  • Potential for adverse changes in regulatory environments or supply chain disruptions.

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 Q4 2024

Historical avgQ4 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

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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