Ziff Davis, Inc. - ZD STOCK NEWS

Ziff Davis (NASDAQ: ZD) has announced its participation in the Citi 2024 Global TMT Conference. The event is scheduled for September 6, 2024, at 10:50 am (ET) and will take place at the Lotte New York Palace Hotel in New York, NY. This conference provides an opportunity for investors to gain insights into Ziff Davis's operations and future plans.

Interested parties can access a live webcast of the presentation through the provided link. This participation demonstrates Ziff Davis's commitment to engaging with the investment community and sharing updates on its business strategies and performance. The TMT (Technology, Media, and Telecommunications) conference is a significant platform for companies in these sectors to showcase their developments and connect with potential investors.

Ziff Davis (NASDAQ: ZD) reported Q2 2024 financial results, reaffirming its 2024 guidance. Quarterly revenues decreased 1.6% to $320.8 million, while income from operations fell 26.5% to $28.6 million. However, net income surged 121.3% to $36.9 million, with earnings per share rising to $0.77. Adjusted EBITDA declined 9.8% to $96.3 million, and adjusted net income decreased 9.8% to $53.7 million. The company ended the quarter with $839.7 million in cash and investments after deploying funds for share repurchases and acquisitions. CEO Vivek Shah expressed confidence in the company's growth trajectory, citing recent acquisition activity. Ziff Davis maintained its full-year 2024 guidance, projecting revenue between $1,411.0 million and $1,471.0 million, and adjusted EBITDA between $500.0 million and $521.0 million.

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

CEO Vivek Shah and CFO Bret Richter will host the call. Interested parties can access the webcast at ziffdavis.com or dial in at (844) 985-2014. Questions for the earnings call can be submitted via email to investor@ziffdavis.com before or during the webcast. For those unable to join live, an audio recording and presentation materials will be archived on the company's website.

Ziff Davis (NASDAQ: ZD) has announced private exchange agreements with select holders of its 1.75% Convertible Senior Notes due 2026. The company will exchange approximately $401 million of these notes for $263 million in new 3.625% Convertible Senior Notes due 2028 and $135 million in cash. The exchange is expected to settle around July 16, 2024, pending customary conditions. Post-exchange, $149 million of the existing notes will remain, and the new notes will carry an interest rate of 3.625% and mature on March 1, 2028. The conversion rate for new notes is 10 shares per $1,000 principal, equating to $100 per share, with conversion options starting December 1, 2027, under certain conditions. The company will not receive cash proceeds from new note issuance.

Ziff Davis (NASDAQ: ZD) announced the completion of one acquisition in Q2 2024. The acquisition of Gamer Network, a U.K.-based gaming and entertainment company, aims to expand Ziff Davis' global customer base and product lineup. While the specific terms of the acquisition were not disclosed, Ziff Davis mentioned that the financial impact is not expected to be material.

Ziff Davis, Inc. (NASDAQ: ZD) reported strong financial results for Q1 2024, with revenue and income growth. Quarterly revenues increased by 2.4%, income from operations rose by 36.3%, and adjusted net income grew by 13.0%. The Company ended the quarter with $891.1 million in cash, cash equivalents, and investments. Ziff Davis reaffirmed its 2024 guidance, expecting revenue between $1.411 billion and $1.471 billion, adjusted EBITDA between $500 million and $521 million, and adjusted diluted EPS between $6.43 and $6.77.

Castle Connolly released the Castle Connolly 2024 Top Asian American and Pacific Islander Doctors list, recognizing 722 leading AAPI doctors across 38 states and 73 specialties. The list doubled from the previous year, part of Castle Connolly's DEI initiative to honor top clinicians with shared backgrounds. AAPI population faces health inequities due to language and cultural barriers, with Castle Connolly's Top AAPI Doctors providing culturally sensitive healthcare.

Ziff Davis, Inc. (NASDAQ: ZD) will be participating in two investor conferences in May. The 19th Annual Needham Technology, Media, & Consumer Conference on May 16, 2024, in New York, NY, and the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 22, 2024, in Boston, MA. The company will not have a formal presentation at the Needham conference, but a webcast will be available for the J.P. Morgan conference.

Optimum Fiber, provided by Optimum, has been recognized by Ookla Speedtest as the fastest and most reliable internet service in New York and New Jersey. The network offers up to 8 Gig symmetrical upload and download speeds, low latency, best gaming experience, and fastest internet in Litchfield County, Connecticut. Optimum's 100% Fiber Internet network has 99.9% reliability and is expanding to over 2.7 million passings, with multi-gigabit speeds available in the New York tri-state area.