Revenue Streams and Business Models - Ziff Davis' Digital Media business generates revenue from advertising, subscriptions, performance marketing, and licensing fees, with advertising being the primary driver[17] - The Cybersecurity and Martech business generates revenue primarily from customer subscription and usage fees, with stable and predictable margins[17] - Humble Bundle generates revenue from monthly subscriptions, product bundles, and individual product sales, with each transaction contributing to charity[34] - RetailMeNot connects retail partners with national and international brands, offering promotional media solutions like mobile coupons and cash back offers[30] - Everyday Health Group provides digital content and information services for health and wellness consumers, including interactive guides and self-assessment tools[43] - Health eCareers connects healthcare professionals with jobs across the United States, contracting with thousands of healthcare employers[49] - VIPRE Security Group and MOZ Group operate under Ziff Davis' Cybersecurity and Martech business, offering SaaS solutions for security and marketing technology[55] - The company's MOZ Group offers email marketing, SEO tools, and communication services under brands like Campaigner, iContact, and MOZ Pro[60][61][62] Acquisitions and Investments - Ziff Davis has deployed approximately $3.0 billion on more than 80 acquisitions globally from 2012 through 2023[19] - The company has made more than 80 acquisitions between 2012 and 2023, including two during 2023[82] - The company recognized a total gain of $2.8 million from the sale of Voice assets in the UK, recorded under 'Loss on sale of businesses' for the year ended December 31, 2021[547] - The company recorded an impairment of approximately $32.6 million related to the B2B Backup business in 2021, based on an offer to purchase the business[572] Financial Performance and Metrics - Total revenues for the year ended December 31, 2023 were $1,364,028 thousand, with Digital Media contributing $1,072,971 thousand and Cybersecurity and Martech contributing $291,209 thousand[277] - Net advertising revenue retention for the Digital Media business was 87.1% for the three months ended December 31, 2023, down from 92.0% in the same period in 2022[279] - The company had 3,266 thousand customers in the Digital Media and Cybersecurity and Martech subscription businesses for the three months ended December 31, 2023, with an average quarterly revenue per customer of $44.77[281] - Depreciation expense for the year ended December 31, 2023 was $92.1 million, up from $76.7 million in 2022 and $63.6 million in 2021[565] - Goodwill as of December 31, 2023 reflects accumulated impairment losses of $84.2 million in the Digital Media reportable segment[573] - Expected amortization expenses for intangible assets subject to amortization at December 31, 2023 are $325,406 thousand, with $90,774 thousand expected in 2024[576] - The company's total assets measured at fair value were $383,736 thousand as of December 31, 2023, with $15,699 thousand classified as Level 3 investments[557] - Long-term debt as of December 31, 2023, totaled $1,001,312 thousand, compared to $999,053 thousand in 2022[577] - Interest expense for 2023 was $41.6 million, up from $37.1 million in 2022 and $79.6 million in 2021[577] - Future principal and interest payments for debt total $1,010,038 thousand in principal and $177,812 thousand in interest[577] - The company issued $750.0 million in 4.625% Senior Notes in 2020, with net proceeds of $742.7 million used for debt redemption and general corporate purposes[578] - The 4.625% Senior Notes mature on October 15, 2030, with interest payable semi-annually at a rate of 4.625% per annum[579] - Research and development expenditures were $68.9 million in 2023, down from $74.1 million in 2022 and $78.9 million in 2021[74] - The company had approximately 4,200 employees as of December 31, 2023, with nearly half based outside the U.S.[81] - The company's 3.25% Convertible Notes, issued in 2014, bear interest at 3.25% per annum and are due June 15, 2029[588] - The company repurchased $290.0 million in aggregate principal of its 4.625% Senior Notes cumulatively as of December 31, 2023[586] - The company recognized a loss of $7.4 million associated with the tender of the 4.625% Senior Notes during the year ended December 31, 2021[584] - The company repurchased $181,238 thousand in principal of 4.625% Senior Notes in 2022, resulting in a gain of $12,060 thousand[585] - The company's total interest expense related to 4.625% Senior Notes was $21,555 thousand in 2023, down from $24,942 thousand in 2022[587] - The company redeemed all outstanding 3.25% Convertible Notes, resulting in a gain of $2.8 million and a reduction of stockholders' equity of $390.5 million in 2021[589] - The company recorded $7.7 million of interest expense related to additional interest on the 1.75% Convertible Notes in 2023[592] - The company's total interest expense related to 1.75% Convertible Notes was $19,232 thousand in 2023, up from $11,634 thousand in 2022[599] - The company adopted ASU 2020-06, de-recognizing $87.3 million of unamortized debt discount on the 1.75% Convertible Notes[600] - The company entered into a $100.0 million Credit Agreement in 2021, with the option to increase commitments up to $350.0 million[602] - As of December 31, 2023, there were no amounts outstanding under the Credit Agreement[603] - The company's Credit Agreement includes a maximum total leverage ratio of 4.00:1.00 and a minimum interest coverage ratio of 3.00:1.00 as of the last date of any fiscal quarter[604] - The company entered into a Bridge Loan Facility with an aggregate principal amount of $485.0 million, which bore interest at varying rates depending on the time period[606][607] - The company incurred approximately $6.3 million in costs and interest associated with the Bridge Loan Facility in 2021[607] - The company recorded a net loss on extinguishment of approximately $8.8 million related to the Bridge Loan Facility in 2021[608] - The company entered into a Term Loan Facility with an aggregate principal amount of $90.0 million in 2022, which was settled through a non-cash debt-for-equity exchange[609] - The company entered into a Term Loan Two Facility with an aggregate principal amount of approximately $22.3 million in 2022, which was also settled through a non-cash debt-for-equity exchange[610] - The company recorded a loss on extinguishment of debt of approximately $0.6 million in 2022 related to debt-for-equity exchanges[612] - The company recorded impairments of $2.2 million, $1.0 million, and $12.7 million on its operating lease right of use assets in 2023, 2022, and 2021, respectively[614] - The company's operating lease liabilities totaled $32.4 million in 2023, down from $56.1 million in 2022[615] - Total sublease income for 2023 was $6.0 million, compared to $6.8 million in 2022 and $2.0 million in 2021[618] - Total estimated future sublease income is $7.2 million[618] - Present value of operating lease liabilities as of December 31, 2023, is $32.4 million[617] - Total lease payments for operating leases amount to $34.1 million, with imputed interest of $1.7 million[617] - Maturities of operating lease liabilities for 2024 are $16.95 million[617] Risks and Challenges - The company faces risks related to acquisitions, including potential disruptions to operations and challenges in integrating new businesses[102][109] - The majority of the company's Digital Media revenue comes from short-term advertising arrangements, which are vulnerable to advertiser budget cuts[102] - The company is exposed to risks from unauthorized use of its content and intellectual property infringement by generative AI developers and users[102] - The company has identified risks associated with data privacy regulations, including GDPR, CCPA, and CDPA, which impose significant compliance costs[105] - The company's business is highly dependent on attracting visitors to its websites from search engines[102] - Majority of Digital Media revenue comes from short-term advertising arrangements, with agreements typically lasting one year or less and subject to termination without penalty[112] - Digital Media business relies on aggregating compelling content, with increasing demand for high-quality video and mobile-specific content, potentially requiring substantial payments to third-party providers[113] - Digital Media business must demonstrate attractive ROI for advertisers, with significant resources invested in research, analytics, and campaign effectiveness capabilities[114] - System failures, security breaches, or technological risks could disrupt services, harm reputation, and lead to significant liability[115] - Cybersecurity threats, including AI-based risks, pose challenges to the security and availability of IT systems and data[117] - Generative AI technologies could reduce online traffic, infringe intellectual property, and harm business operations[120] - Tax rate changes, new tax legislation, or exposure to additional tax liabilities could adversely impact financial results[122] - Weakened global and U.S. economic conditions may lead to decreased usage, advertising levels, and customer retention rates, impacting revenue growth[127] - Rising interest rates could increase the cost of debt and negatively affect the company's competitive position[129] - Climate change may adversely impact the company's business locations, customer and vendor locations, and critical systems, potentially leading to operational disruptions, increased costs, and employee turnover[130] - The company operates in highly competitive markets with competitors possessing greater resources, larger customer bases, and lower pricing, which may reduce revenue and operating profits[131] - The Digital Media business faces competition from online media, social networking sites, mobile apps, traditional media, search engines, generative AI, and e-commerce platforms[132] - The Cybersecurity and Martech business competes with cloud software services in secured communications, cybersecurity, and marketing technology[132] - Competitors offering integrated software, internet products, advertising services, and content pose challenges in attracting and retaining subscribers, users, advertisers, partners, and developers[133] - Social media and networking sites are increasingly capturing user attention and online advertising dollars, intensifying competition[133] - The IRS private letter ruling and related tax opinions may be invalid, potentially exposing the company and its stockholders to significant U.S. federal income tax liability[141] Tax and Financial Reserves - The company established reserves for non-income related taxes of $28.1 million and $25.5 million as of December 31, 2023 and 2022, respectively[629] - The company's income tax expense for continuing operations was $(24.1 million), $(58.0 million), and $14.2 million for the years ended December 31, 2023, 2022, and 2021, respectively[630] - The company's effective tax rate for continuing operations was 32.2%, 44.2%, and (4.0)% for the years ended December 31, 2023, 2022, and 2021, respectively[632] - The company had deferred tax assets of $76.9 million and $80.8 million as of December 31, 2023 and 2022, respectively[639] - The company had a valuation allowance on deferred tax assets of $1.7 million as of December 31, 2023 and 2022[640] - The company had federal net operating loss carryforwards of $9.1 million as of December 31, 2023[641] - The company had federal capital loss limitation carryforwards of $21.8 million as of December 31, 2023[642] - The company had undistributed earnings from foreign subsidiaries of $272.4 million as of December 31, 2023[643] - The company's prepaid taxes were $4.7 million and $3.2 million at December 31, 2023 and 2022, respectively[644] - The company's income from domestic operations was $25.8 million, $71.8 million, and $279.7 million for the years ended December 31, 2023, 2022, and 2021, respectively[645] Market Reach and User Engagement - IGN Entertainment reaches more than 325 million monthly users across 35 platforms and has over 50 million social and YouTube followers[33] - Ookla's Speedtest platform has completed over 50 billion tests to date, with more than 11 million tests initiated daily[36]

Ziff Davis, Inc. (NASDAQ:ZD) Q4 2023 Earnings Conference Call February 22, 2024 8:30 AM ET Company Participants Bret Richter - Chief Financial Officer Vivek Shah - Chief Executive Officer Conference Call Participants Cory Carpenter - JPMorgan Shweta Khajuria - Evercore ISI Ygal Arounian - Citigroup Ross Sandler - Barclays Kunal Madhukar - UBS Shyam Patil - Susquehanna Financial Group Rishi Jaluria - RBC Capital Markets Operator Good day, ladies and gentlemen, and welcome to the Ziff Davis Fourth Quarter and ...

Exhibit 99.1 Ziff Davis Reports Fourth Quarter and Full Year 2023 Financial Results and Provides 2024 Guidance NEW YORK, NY -- Ziff Davis, Inc. (NASDAQ: ZD) ("Ziff Davis" or "the Company") today reported unaudited financial results for the fourth quarter and year ended December 31, 2023. "We have a positive and encouraging outlook on 2024 that reflects a return to healthy growth rates at the company," said Vivek Shah, Chief Executive Officer of Ziff Davis. "At the same time, we are well-positioned to act wi ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission File Number: 0-25965 FORM 10-Q ZIFF DAVIS, INC. Indicate by check mark whether the registrant has submitted electronically every Interactiv ...

Ziff Davis, Inc. (NASDAQ:ZD) Q3 2023 Earnings Conference Call November 9, 2023 8:30 AM ET Company Participants Bret Richter - CFO Vivek Shah - CEO Conference Call Participants Shweta Khajuria - Evercore ISI Ross Sandler - Barclays Shyam Patil - Susquehanna Financial Group Cory Carpenter - JPMorgan Rishi Jaluria - RBC Capital Markets Jonathan Tanwanteng - CJS Securities Operator Good day, ladies and gentlemen, and welcome to the Ziff Davis Third Quarter 2023 Earnings Call. My name is Paul, and I will be t ...

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 June 30, 2023 ☐ 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. Employe ...

SECOND QUARTER 2023 RESULTS August 3, 2023 ©2023 Ziff Davis. All rights reserved. www.ziffdavis.com Safe Harbor for Forward-looking Statements 2 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 2023 Financial Guidance. Such forward-looking statements are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those des ...

Financial Data and Key Metrics Changes - The company reported revenue of $326 million for Q2 2023, a decline of 3.4% compared to $337.4 million in Q2 2022 [34] - Adjusted EBITDA for Q2 2023 was $106.7 million, down 9.6% from $118 million in the prior-year period, with an adjusted EBITDA margin of 32.7%, reflecting a 200 basis points sequential increase [35] - Adjusted diluted EPS for Q2 2023 was $1.27 [35] Business Line Data and Key Metrics Changes - Advertising revenue declined by 7% in Q2 2023 compared to the prior-year period, heavily impacted by challenges in the technology vertical; excluding this vertical, the decline would have been 2% [37] - Subscription revenue grew by 3% year-over-year in Q2 2023, with nearly 3.2 million subscribers, primarily due to the full quarter inclusion of Lose It! subscribers [40][41] - The overall churn rate increased by 18 basis points from Q1 2023 [45] Market Data and Key Metrics Changes - The technology vertical was the most significant contributor to the year-over-year revenue decline, while connectivity and health and wellness verticals showed solid growth [8][10] - The company observed stabilization in the overall advertising market in non-tech businesses, with expectations for meaningful improvement in the second half of 2023 [38] Company Strategy and Development Direction - The company announced a strategic partnership with Xyla to accelerate AI enablement across its portfolio, starting with the integration of Xyla's OpenEvidence technology into the Everyday Health Group [7][15] - The company aims to generate growth organically and through acquisitions, remaining selective with capital allocation [13][50] - The M&A environment is currently sluggish, but the company is actively sourcing and evaluating transactions [14][51] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for a stronger second half of 2023, citing growth in connectivity and pharma advertising markets as key drivers [7][64] - The company expects Q3 to reflect an improvement in organic growth rates, with approximately 55% of total 2023 revenues anticipated in the second half [56] Other Important Information - The company received validation of its emissions reduction targets from the Science-Based Targets initiative, committing to cut emissions in half by 2030 [30][31] - The company repurchased 980,000 shares for approximately $63.9 million during Q2 2023, with additional repurchases in July [47][48] Q&A Session Summary Question: Signs of recovery and confidence for the fourth quarter - Management pointed to growth in connectivity, improved pharma advertising, and e-commerce trends as reasons for optimism [64] Question: Impact of the partnership with Xyla on business - The partnership is focused on revenue generation, with the integration of OpenEvidence expected to significantly enhance engagement with physicians [66][70] Question: Traffic from non-branded search and margin expansion - Management noted that traffic comes from various sources, including app and direct traffic, and attributed margin expansion to revenue mix and delayed spending [75][78] Question: SEO and generative AI impact - Management observed an increase in Google referrals year-to-date, but could not confirm the impact of generative AI search experiences [81] Question: Long-term growth expectations - Management reaffirmed long-term growth targets of mid-teens, with half expected to be organic [87] Question: AI chatbot performance in gaming - Management highlighted the unique strengths of IGN in game guides and the potential for increased engagement through the AI chatbot [90] Question: Compensation rights and AI in advertising - Management emphasized the need for fair value exchanges in content usage and noted that improving ad performance through AI is not a primary focus [95][97]

FIRST QUARTER 2023 RESULTS May 9, 2023 ©2023 Ziff Davis. All rights reserved. www.ziffdavis.com Safe Harbor for Forward-looking Statements 2 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 2023 Financial Guidance. Such forward-looking statements are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those describ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification No.) 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, 2023 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, ...