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Ziff Davis Inc (ZD) is a leading digital media and internet company specializing in technology, cybersecurity, and martech solutions. This news hub provides investors and professionals with timely updates on corporate developments, strategic initiatives, and market positioning across its diversified portfolio.
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Ziff Davis, Inc. (NASDAQ: ZD) will announce its Fourth Quarter and Year-End 2021 earnings on February 14, 2022, at 6:00 PM ET. A live audio Webcast of the earnings call will take place on February 15, 2022, at 8:30 AM ET, hosted by CEO Vivek Shah and CFO Bret Richter. Interested parties can access the materials on ziffdavis.com. The earnings announcement will also be filed with the SEC as an exhibit to an 8-K report.
Ziff Davis, Inc. (NASDAQ: ZD) has successfully completed two acquisitions in Q4 2021, enhancing its global customer base and market access. The acquisitions include RootMetrics, an equity purchase, and Wireless LAN Professionals, an asset acquisition, both focused on connectivity in the USA. While specific financial terms were not disclosed, Ziff Davis indicated that the financial impact from these acquisitions is not expected to be material. These strategic moves aim to expand the company's product offerings and strengthen its position in the technology sector.
RetailMeNot, a Ziff Davis business, has launched its inaugural Holiday Hangover shopping event, running from January 5 to January 10, 2022. This initiative aims to assist shoppers seeking to fulfill their post-holiday wish lists through exclusive discounts from brands like UGG and Adidas. Recent findings indicate that 34% of consumers plan to shop for themselves, while 48% aim for better deals on unreceived gifts. The shopping event will also address supply chain shortages and encourage New Year shopping for health and fitness items, with 85% of consumers setting resolutions affecting their purchasing behavior.
Ziff Davis, Inc. (NASDAQ: ZD) has announced participation in two investor conferences scheduled for January 12, 2022. The first is the 24th Annual Needham Virtual Growth Conference, which will be held virtually without a formal presentation. The second event is the 22nd Annual CJS Securities Virtual Conference, starting at 2:20 PM ET, which will include a webcast available at this link. Ziff Davis is known for its digital media and internet offerings across various sectors.
Ookla® has acquired RootMetrics®, merging their industry-leading network intelligence and analytics capabilities. This strategic acquisition combines Speedtest®'s crowdsourced data with RootMetrics’ controlled testing data, enhancing services for mobile operators and consumers. Ookla aims to provide comprehensive network performance insights, leveraging both companies’ expertise. RootMetrics will continue to serve its customers as part of Ookla. This partnership expands Ookla's offerings, including enhanced drive testing and live event monitoring solutions.
Ziff Davis (NASDAQ: ZD) appointed Bret Richter as the new Chief Financial Officer, effective January 3, 2022. Richter, formerly with MSG Networks, brings extensive financial expertise from Cablevision Systems Corporation and other leadership roles. His appointment aims to strengthen Ziff Davis' finance and accounting leadership as the company focuses on long-term growth strategies. CEO Vivek Shah emphasized Richter's experience aligns with the company's objectives.
Everyday Health Group has unveiled the Registry Builder, a new tool designed to streamline baby registry creation across popular retailers like Amazon and Target. As 85% of expecting mothers create registries, but 33% find the process overwhelming, this tool addresses a significant need. It features a quiz to recommend suitable registries, personalized checklists, and buying guides. The launch underscores EHG's commitment to innovation, catering to the expectations of modern parents who often manage multiple registries.
RetailMeNot, a Ziff Davis business, launched its third annual Cash Back Day on November 4, 2021. Shoppers can earn up to 20% cash back from over 1,000 retailers, with the event running until 11:59 PM PT on November 5. Last year, participants averaged $18 in cash back, totaling nearly $1 million paid out. New this year is the Deal Finder extension for exclusive offers.
Ziff Davis reported Q3 2021 financial results, achieving a record revenue of $444.3 million, up 24.5% from $357.0 million in Q3 2020. Pro-forma revenues increased by 27.7%. Operating cash flow rose to $140.2 million from $114.4 million. However, GAAP earnings per diluted share dropped to $0.88 from $1.31, largely due to a $19.2 million loss on the B2B Backup business sale. Adjusted non-GAAP earnings per share increased to $2.34, a 15.8% rise. Ziff Davis reaffirmed its FY 2021 guidance, estimating revenue between $1,375-$1,389 million.
