UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 0-25965 ZIFF DAVIS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction (I.R.S. Emp ...

Ziff Davis (ZD) Q1 2025 Earnings Call May 09, 2025 08:30 AM ET Speaker0 Good day, ladies and gentlemen, and welcome to the Ziff Davis First Quarter twenty twenty five Earnings Conference Call. My name is Paul, and I will be the operator assisting you today. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. On this call will be Vivek Shah, CEO of Ziff Davis and Brett Richter, Chief Financial Officer of Ziff Davis. I will now turn the ...

Ziff Davis (ZD) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.64%. A quarter ago, it was expected that this internet and cloud services company would post earnings of $2.57 per share when it actually produced earnings of $2.58, delivering a surprise of 0.39%.Over the last four qua ...

Exhibit 99.1 Ziff Davis Reports First Quarter 2025 Financial Results and Reaffirms 2025 Guidance NEW YORK, NY -- Ziff Davis, Inc. (NASDAQ: ZD) ("Ziff Davis" or "the Company") today reported unaudited financial results for the first quarter ended March 31, 2025. "We are pleased with our overall first quarter performance, which surpassed our internal targets," said Vivek Shah, Chief Executive Officer of Ziff Davis. "The combination of accelerating revenue growth, a healthy M&A cadence, and our active share bu ...

©2025 Ziff Davis. All rights reserved. www.ziffdavis.com FIRST QUARTER 2025 RESULTS May 8, 2025 Safe Harbor for Forward-looking Statements Certain statements in this presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, particularly those regarding our 2025 financial guidance. These forward-looking statements are based on management's current expectations or beliefs as of May 8, 2025 ("Release Date") and are subject to numerous assumptions, ...

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Acquisitions and Growth Strategy - Ziff Davis has deployed approximately $3.3 billion on more than 90 acquisitions globally from 2012 through 2024[16]. - The majority of acquisitions by deal count since 2012 have been tuck-ins, while capital allocation between tuck-ins and platform acquisitions has been more balanced[17]. - The company has made more than 90 acquisitions between 2012 and 2024, including four during 2024[86]. - The company plans to continue making acquisitions to enhance growth and expand its geographic presence[111]. Revenue Generation - The company's consolidated revenues are primarily generated from five lines of business: Technology & Shopping, Gaming & Entertainment, Health & Wellness, Connectivity, and Cybersecurity & Martech[18]. - Advertising and performance marketing revenues are driven by online display and video advertising on owned and third-party sites[20]. - Subscription and licensing revenues are generated from cloud-based services, including the Lose It! weight loss app and Humble Bundle's digital subscriptions[21]. - A substantial portion of revenue in the Digital Media Businesses is derived from short-term advertising arrangements, which are subject to fluctuations due to various external factors[115]. - The ability to demonstrate a meaningful return on investment (ROI) for advertising campaigns is critical for revenue growth in Digital Media Businesses[117]. Business Segments and Operations - The company operates five reportable segments: Technology & Shopping, Gaming & Entertainment, Health & Wellness, Connectivity, and Cybersecurity & Martech[84]. - The Gaming & Entertainment platform reaches over 440 million monthly users across 16 digital properties, engaging with 85 million fans on social media[34]. - Everyday Health, the flagship brand of the Health & Wellness platform, features medically reviewed content to inspire active health management[40]. - The Health eCareers business connects healthcare professionals with job opportunities across the United States[43]. - The VIPRE Security Group offers cloud-based SaaS services including endpoint and email security, security awareness training, and VPN solutions[55]. Employee and Diversity Initiatives - As of December 31, 2024, the company had approximately 3,800 employees, with 56% based in the U.S. and 44% non-U.S. based[85]. - In 2024, 28% of new hires in the U.S. were people of color, and 50% were women, reflecting the company's commitment to diversity[92]. - The company has provided comprehensive health insurance coverage, covering 83% of health insurance premiums for U.S. employees over the past three years[94]. - The company supports employees with 16 hours of fully paid Volunteer Time Off annually and has expanded its Employee Assistance Fund to support 99% of employees across 14 countries[95]. - The company emphasizes the importance of employee compensation and benefits to attract and retain critical talent[93]. Risks and Challenges - The company faces significant competition in the Technology & Shopping, Gaming & Entertainment, and Health & Wellness spaces from various diversified internet and digital media companies[64]. - The company faces significant risks associated with mergers and acquisitions, including potential difficulties in integration and increased debt service requirements[113]. - The company faces risks related to system failures, security breaches, and unauthorized use of content, which could impact operations[105]. - The company is exposed to risks from international operations, including currency fluctuations and compliance with various laws and regulations[108]. - Weakened global and U.S. economic conditions may lead to decreased usage of services, reduced customer retention rates, and a decline in revenues or revenue growth rates[131]. Compliance and Regulatory Issues - The company is subject to various domestic and international laws and regulations that could increase compliance costs and limit business practices[178]. - Compliance with evolving cybersecurity, privacy, and data protection laws may impose conflicting obligations and affect business operations[192]. - The company faces potential liabilities and penalties for non-compliance with laws such as the Telephone Consumer Protection Act (TCPA), which could materially affect operations[187]. - The Everyday Health Group business may be subject to additional oversight from various regulatory bodies, impacting operational costs and compliance[190]. - Changes in healthcare industry spending could adversely impact the company's advertising and sponsorship revenues derived from healthcare clients[214]. Financial Performance and Reporting - Research, development, and engineering expenditures were $67.4 million, $68.9 million, and $74.1 million for the fiscal years ended December 31, 2024, 2023, and 2022, respectively[76]. - The company has a significant level of indebtedness, which could adversely affect financial flexibility and competitive position[108]. - The company acknowledges the risk of failing to meet publicly announced guidance, which could lead to a decline in the price of its securities[175]. - Future performance guidance is based on management's estimates and is subject to significant uncertainties, including macroeconomic factors like inflation and interest rates[175]. Data Privacy and Security - The company relies on secure processing and storage of sensitive data, with potential liabilities arising from system failures or breaches[121]. - The company has established procedures to safeguard health-related information, which is subject to significant privacy concerns and regulations[209]. - Non-compliance with HIPAA and related regulations could expose the company to civil and criminal penalties, affecting demand for its products[212]. - The company is subject to Payment Card Industry data security standards, and failure to comply could result in fines or restrictions on accepting credit cards[148]. - The evolving legal framework surrounding generative AI technologies may impact the company's ability to protect its content and intellectual property[125].

Financial Data and Key Metrics Changes - In Q4 2024, total revenue was $412.8 million, reflecting a 5.9% increase from $389.9 million in Q4 2023 [30] - Adjusted EBITDA for Q4 2024 was $171.8 million, a 2.5% growth compared to $167.6 million in the prior year [30] - Adjusted diluted EPS for Q4 2024 increased by 10.7% to $2.58 from the previous year [31] - For the fiscal year 2024, total revenue increased by 2.8% to $1,401.7 million, and adjusted EBITDA grew by 2.3% to $493.5 million [32] Business Line Data and Key Metrics Changes - The Tech & Shopping segment returned to nearly 10% growth in 2024 after a decline of 25% over the previous two years [16] - Gaming & Entertainment has been a mid-single-digit grower for several years, with strong potential for scaling through acquisitions [17] - Health & Wellness and Connectivity segments experienced slow to nominal growth in 2024, but are expected to return to robust growth rates [18] - Advertising and performance marketing revenue grew by 10.6% in Q4 2024, while subscription and licensing revenue grew approximately 1% [37][39] Market Data and Key Metrics Changes - The company reported a net advertising revenue retention rate of approximately 92% for Q4 2024, a significant improvement from the previous year [38] - The average quarterly revenue per advertiser exceeded $135,000 in Q4 2024, indicating strong advertiser engagement [38] - Total subscription and licensing customers increased to 3.65 million, with an average quarterly revenue per customer of $40.44 [40] Company Strategy and Development Direction - The company is transitioning from two to five reportable segments to provide better transparency and align with its strategy [11] - The new segments include Technology & Shopping, Gaming & Entertainment, Health & Wellness, and Connectivity, with a focus on profitability and growth [12][13] - The company plans to maintain an active capital allocation strategy, including M&A opportunities and stock repurchases [45] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2025, expecting revenue growth to accelerate from 2.8% in 2024 to a midpoint of 5% [11] - The company anticipates improved performance in Tech & Shopping and Health & Wellness, alongside continued growth in Gaming & Entertainment and Connectivity [47] - Management acknowledged macroeconomic factors but noted a benign environment in 2024, with expectations for stability in 2025 [70] Other Important Information - The company achieved a free cash flow of over $283 million in 2024, with Q4 2024 free cash flow nearly doubling compared to Q4 2023 [55] - The company has significant leverage capacity, with gross leverage at 1.8 times trailing twelve months adjusted EBITDA [41] Q&A Session Summary Question: Insights on the macro environment and advertising growth - Management noted a strong Q4 for advertising growth, with a planned reduction in B2B revenue impacting overall growth rates [64] - The company expects mid-single-digit ad growth in 2025, with strong performance anticipated in Gaming & Entertainment and Health & Wellness [66] Question: Capital allocation and M&A focus - Management highlighted a healthy M&A environment in 2024, with a pipeline of active deals across all segments [76] - The company is focused on finding attractive acquisition opportunities, particularly in digital media [80] Question: Health & Wellness business outlook - Management expressed confidence in the Health & Wellness segment, anticipating a return to historic growth rates in 2025 despite recent challenges [105] - The company sees opportunities for tuck-in acquisitions to broaden its portfolio in this area [102]

Ziff Davis, Inc. (NASDAQ:ZD) Q4 2024 Results Conference Call February 25, 2025 8:30 AM ET Company Participants Bret Richter - Chief Financial Officer Vivek Shah - President and Chief Executive Officer Conference Call Participants Ross Sandler - Barclays Ygal Arounian - Citigroup Rishi Jaluria - RBC Capital Markets Robert Coolbrith - Evercore Chris Kuntarich - UBS Operator Good day, ladies and gentlemen. And welcome to the Ziff Davis Fourth Quarter and Year End 2024 Earnings Conference Call. My name is Paul, ...