Ziff Davis, Inc. - ZD STOCK NEWS

Castle Connolly has released its 2025 Top Doctors list, featuring over 70,000 board-certified physicians across all 50 states and 85 medical specialties, representing the top 7% of U.S. doctors. The selection process involves peer nominations, professional achievements, and excellence in patient care, endorsed by the Castle Connolly Medical Advisory Board.

The announcement comes amid declining public trust in healthcare, with JAMA research showing trust levels dropping from 72% in April 2020 to 40% in January 2024. As patients increasingly turn to online platforms for health information, with 80% of internet users seeking health information online, Castle Connolly's list serves as a trusted resource for healthcare decision-making.

The company will announce the 2025 Castle Connolly Accolades on January 28th, recognizing healthcare institutions with outstanding levels of care through their top-ranked doctors.

Ziff Davis (NASDAQ: ZD) has announced the completion of one acquisition during the fourth quarter of 2024. The company acquired the assets of FullContact, a USA-based company operating in the Cybersecurity and Martech sectors. The acquisition is strategically aimed at expanding Ziff Davis' global customer base, accessing new markets, and broadening its product portfolio. While specific terms of the acquisition were not disclosed, the company stated that the financial impact of this transaction is not expected to be material to Ziff Davis' operations.

Ziff Davis (NASDAQ: ZD) has appointed Lori Tansley as Chief Accounting Officer, effective December 2, 2024. Reporting to CFO Bret Richter, Tansley will lead the company's global accounting and public reporting functions. She brings extensive experience from previous roles as CAO at Ankura Consulting Group and leadership positions at Moody's , Affinion Group, and General Electric. A CPA from New York with a BBA from Pace University, Tansley's expertise spans finance, M&A, and accounting in leading companies.

Ziff Davis (NASDAQ: ZD) has announced its upcoming participation in the UBS Global Technology and AI Conference. The event will take place at The Phoenician in Scottsdale, Arizona on December 4, 2024, at 9:35 am Mountain Time. The company has provided a webcast link for those interested in following the presentation remotely.

Spiceworks has released its 13th Annual State of IT report, revealing key trends for 2025. The report indicates that 64% of organizations plan to increase IT spending, with security and generative AI as primary investment areas. Key challenges include rising costs and IT labor shortages, with 57% of senior tech leaders struggling to hire skilled talent. The study highlights a significant gap in budget perception, as 54% of IT staff believe technology spending is insufficient, compared to only 15% of senior leaders. Organizations show flexibility in vendor selection, willing to change providers for 59% of their technologies. The report also reveals resource disparities between large and small businesses, particularly in security and AI implementation.

Ziff Davis (NASDAQ: ZD) reported Q3 2024 financial results with revenue increasing 3.7% to $353.6 million. Despite revenue growth, the company recorded a net loss of $48.6 million, largely due to an $85.3 million goodwill impairment. Adjusted EBITDA grew 9.6% to $124.7 million, and adjusted net income increased 4.3% to $72.1 million. The Digital Media segment showed 5.8% growth, while Cybersecurity and Martech declined 4.1%. Free cash flow improved significantly to $80.1 million, up from $45.6 million in Q3 2023. The company maintained its 2024 guidance with expected revenue between $1,411.0-$1,471.0 million.

RetailMeNot, a Ziff Davis company, launches its extended three-day Cash Back Day event from November 7-9, 2024. The event offers members up to 20% cash back from major retailers including Walmart, Macy's, and Kate Spade. Shoppers can stack deals and cash back offers on top of ongoing sales at hundreds of retailers. RetailMeNot will also donate a portion of earned cash back to Dell Children's Foundation in Austin, TX. Members can access rewards through their RetailMeNot account within 45 days and transfer funds via Venmo or PayPal.

Ziff Davis, Inc. (NASDAQ: ZD) has announced its participation in the 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference. The event is scheduled for November 20, 2024, at 1:20 pm (ET) and will take place at the InterContinental New York Barclay in New York, NY.

Interested parties can access the webcast of Ziff Davis's presentation through the provided link: https://kvgo.com/rbc/ziff-davis-inc-nov-2024. This conference presents an opportunity for investors and analysts to gain insights into Ziff Davis's strategies and performance in the technology and media sectors.

Ziff Davis, Inc. (NASDAQ: ZD) has announced its schedule for the Third Quarter 2024 Earnings release and call. The company will release its earnings report on Thursday, November 7, 2024, at 6:00PM ET. This will be followed by a live audio webcast of the earnings call on Friday, November 8, 2024, at 8:30AM ET.

The earnings call will be hosted by Vivek Shah, Chief Executive Officer, and Bret Richter, Chief Financial Officer. Interested parties, including the public, press, financial community, and stockholders, are invited to listen to the webcast. Materials presented during the call will be available on the company's website at ziffdavis.com and furnished as an exhibit to the company's 8-K filing.

Questions for the earnings call can be submitted via email to investor@ziffdavis.com before or during the live webcast. For those unable to join the live call, an audio recording and presentation materials will be archived on the company's website.