Ziff Davis, Inc. - ZD STOCK NEWS

Ziff Davis (NASDAQ: ZD) announced the completion of an acquisition in Q1 2023, acquiring the asset Lifehacker. This acquisition aims to enhance Ziff Davis' global customer base and expand its product offerings. The strategic move is anticipated to provide access to new markets, bolstering the company's position in the technology sector. Although the terms of the acquisition were not disclosed, Ziff Davis stated that the financial impact is not expected to be material. The company continues to focus on growth within its digital media and internet portfolio, which includes prominent brands across various sectors.

Castle Connolly has released the 2023 Exceptional Women in Medicine list, recognizing over 8,400 female doctors across 77 specialties in all 50 states. This acknowledgment aims to highlight their leadership and contributions to healthcare. The selection process includes peer nominations and thorough research. Women represent 37% of U.S. physicians, with a 13% increase in female recognition this year, totaling over 19,000 honored doctors. The initiative is part of Castle Connolly's Diversity, Equity and Inclusion program, aiming to inspire more women to pursue medical careers.

RetailMeNot, a subsidiary of Ziff Davis, has launched its Spring Savecation event, offering up to 60% off on travel essentials until March 14, 2023. The event features various discounts, including 50% off travel essentials at Amazon, $50 off Expedia, and 12% cash back at Macy's. As part of the promotion, RetailMeNot is seeking a Chief Spring Breaker to win nearly $5,000 in travel funds. A recent survey indicates that 96% of Americans are planning to travel between March and May, with an average expected spend of $3,250. For more details, visit RetailMeNot.com.

RetailMeNot, a Ziff Davis business, will host the Spring Savecation event from March 10 to 14, 2023, providing shoppers with exclusive coupons and cashback offers for travel-related purchases. The event aims to assist consumers in finding the best deals on accommodations, transportation, and travel essentials. A recent survey indicates that 96% of Americans plan to travel this spring, with 54% expecting to spend more on travel than in previous years. Top retailers including Expedia and Hotels.com will participate. On average, consumers plan to spend $3,250 on their trips, amidst ongoing inflation concerns.

Ziff Davis reported its Q4 and full year 2022 financial results, revealing a 2.9% decrease in quarterly revenues to $396.7 million. The net income from continuing operations plummeted to $69.2 million, down 81.7% from $378.9 million in Q4 2021, mainly due to a prior year unrealized gain from its investment in Consensus. However, adjusted net income rose 0.9% to $106.0 million. For the full year, revenues dropped 1.8% to $1.39 billion, with adjusted EBITDA increasing 1.6% to $507.2 million. The company forecasts 2023 revenue between $1.35 billion and $1.41 billion, indicating a potential decline of 2.9% to 1.2% compared to 2022.

Ziff Davis, Inc. (NASDAQ: ZD) announced participation in two investor conferences in March 2023. The first conference is the SIG Susquehanna 12th Annual Technology Conference in New York on March 2, 2023, which will not feature a formal presentation. The second event is The JMP Securities Technology Conference in San Francisco on March 6, 2023, at 3:30 pm PT, and will have a webcast available at this link. Ziff Davis focuses on digital media and internet services across various sectors.

Ziff Davis, NASDAQ: ZD, is set to release its Fourth Quarter and Year-End 2022 Earnings on February 15, 2023, at 6:00 PM ET. A live audio Webcast for the earnings call will occur on February 16, 2023, at 8:30 AM ET. The call will be hosted by CEO Vivek Shah and CFO Bret Richter, with materials available on the company's website. This earnings announcement will provide insights into Ziff Davis's financial performance and future outlook, which are critical for investors and stakeholders.

Ziff Davis (NASDAQ: ZD) has appointed Stephen Bye as President of its Connectivity division, effective January 23, 2023. Mr. Bye, a veteran in the broadband and wireless sector, was previously Chief Commercial Officer at DISH Network and has a rich background including roles at Sprint, Cox Communications, and AT&T. His leadership is expected to enhance Ziff Davis' offerings in network intelligence and design. CEO Vivek Shah praised Bye's extensive experience, calling him a visionary in telecommunications.

Ziff Davis reported its Q3 2022 results, showing a revenue decrease of 3.7% to $341.9 million compared to Q3 2021. However, GAAP net income surged to $18.2 million, up from $6.8 million, primarily due to a gain on debt repurchase and lower interest expenses. Adjusted non-GAAP net income rose by 6.0% to $74.3 million. Digital Media revenues increased slightly, while Cybersecurity and Martech revenues fell by 15.8%. The company revised its FY 2022 revenue guidance lower to a range of $1,390 million to $1,400 million. Cash reserves stand at approximately $801 million.