NASDAQ$ZD

Ziff Davis, Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Ziff Davis reported Q4 2025 revenue of $406.7M and income from operations of $86.0M.

Ziff Davis posted Q4 revenue of $406.7M (down slightly from $412.8M) with income from operations up 9.6% to $86.0M. The company is executing its portfolio shift toward technology and healthcare segments while managing legacy media assets. Detailed EPS and net income figures are in the supplemental tables of the earnings release.

  • Q4 revenue $406.7M; operating income $86.0M (+9.6%).
  • Portfolio mix shifting toward higher-growth digital segments.
  • Year-over-year revenue down modestly in Q4.
  • Management focused on operational efficiency gains.

Headline financials

Total Revenue

$407M

Previous: $413M-1.5%
EPS (adj)

$2.56

Previous: $2.58-0.8%
Adjusted EBITDA

$163M

Previous: $172M-5.0%
Operating Income Margin

21.2%

Previous: 19.0%+11.6%
Adjusted EBITDA Margin

40.1%

Previous: 41.6%-3.6%
Adjusted Net Income

$101M

Previous: $110M-8.8%
Operating Cash Flow

$191M

Previous: $158M+20.8%
Net Income

$370K

Previous: $64.1M-99.4%
Operating Income

$86M

Previous: $78.5M+9.6%

Revenue & EPS history

Ziff Davis · Revenue · Quarterly

$407M

Q4 2025-1.5%vs Q4 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Management outlook discussed segment investments and capital allocation; see supplemental materials for full-year 2026 targets.

Tailwinds

  • Operating income growth despite flat-to-down revenue.
  • Diversified digital media and subscription assets.
  • Cost discipline supporting margin expansion.

Headwinds

  • Top-line pressure in certain legacy lines.
  • Macro uncertainty for advertising-dependent businesses.
  • Transition costs from portfolio realignment.

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 2025

Historical avgQ4 2025

+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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