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Ziff Davis, Inc. (Nasdaq: ZD) is a premier global digital media company, primarily engaged in delivering high-quality content and services across a wide array of sectors including technology, entertainment, shopping, health, cybersecurity, and martech. Ziff Davis is known for its expansive portfolio of reputable brands such as PCMag.com, IGN.com, ExtremeTech.com, Geek.com, Toolbox.com, ComputerShopper.com, and eMedia. The company successfully reaches both consumer and business-to-business audiences, offering trusted evaluations of the latest and most sought-after products.
The company operates through two main segments: Digital Media and Cybersecurity and Martech. Its Digital Media division is responsible for generating the majority of its revenue and encompasses brands like Mashable, Ookla, and Offers.com. These platforms provide diverse content ranging from technology reviews and industry news to shopping deals and consumer advice. The Cybersecurity and Martech segment focuses on delivering security solutions and marketing technologies to businesses.
Ziff Davis also operates NetShelter, an advanced ad-targeting platform dedicated to tech buyers and TechBargains.com and LogicBuy.com, which offer significant discounts on tech products. The company’s B2B focus extends to providing online research to enterprise buyers and high-quality leads to IT vendors through its Ziff Davis B2B subsidiary.
Recent notable initiatives include the Spring Savecation event by RetailMeNot, a Ziff Davis subsidiary. This event offers substantial savings on travel-related purchases, reinforcing Ziff Davis’s commitment to connecting consumers with valuable deals. Partnerships with companies like Viator further enhance this effort by offering comprehensive travel experiences and significant cost savings.
Ziff Davis is a division of j2 Global, Inc. and continues to innovate and expand its digital media offerings, ensuring it remains at the forefront of the industry. Its strategic vision and robust operational framework make it a significant player in the global digital media landscape.
RetailMeNot has launched its fourth annual Cash Back Day event, a 48-hour savings occasion starting today and ending at 11:59 pm PT on November 4. This year, over 2,500 retailers are offering up to 20% Cash Back, with the largest number of brand partners to date. RetailMeNot has paid shoppers nearly $1 million from past events and an average of $18 cash back per order last year. The event highlights top brands like Amazon and Walmart, providing shoppers a chance to save amidst inflation challenges this holiday season.
Ziff Davis, Inc. (NASDAQ: ZD) confirmed its participation in the 2022 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference on November 15, 2022, at 8:50 am ET. The event will take place at the
Ziff Davis, Inc. (NASDAQ: ZD) will announce its Third Quarter 2022 Earnings on November 8, 2022, at 6:00 PM ET. A live audio webcast will follow on November 9, 2022, at 8:30 AM ET, featuring CEO Vivek Shah and CFO Bret Richter. Participants can listen via ziffdavis.com or through a dial-in option. The earnings materials will also be accessible on the company’s website. Investors are invited to submit questions via email.
Ziff Davis (NASDAQ: ZD) announced it has completed two acquisitions in Q3 2022, which aim to enhance its global customer base and product offerings. The acquired entities are 1TwentyFour from the USA and CellRebel from Sweden, focusing on entertainment and connectivity, respectively. While specific financial terms of these acquisitions were not disclosed, Ziff Davis expects no significant material impact on its financials from these transactions.
The 2023 State of IT report by Spiceworks Ziff Davis reveals that 51% of organizations plan to increase IT budgets despite recession fears, with only 6% expecting cuts. Key findings include a significant shift toward prioritizing IT projects, with inflation impacting 40% of budget increases. Managed services spending is expected to rise to 18% of IT budgets. The survey included over 950 IT professionals across North America and Europe, highlighting optimism around tech investments driving future growth.
Ziff Davis (NASDAQ: ZD) has appointed Layth Taki as its new Chief Accounting Officer, effective September 27, 2022. Taki joins from Altice USA, where he served as SVP and Chief Accounting Officer, overseeing a $10 billion revenue operation. His experience includes managing acquisitions and compliance, enhancing Ziff Davis’ financial leadership. Taki holds a Master’s degree from the University of Denver and is a Certified Public Accountant. Bret Richter, CFO of Ziff Davis, expressed confidence in Taki's fit within the company's growth strategy.
Ziff Davis (NASDAQ: ZD) announced its participation in two significant investor conferences in September 2022.
The Citi's 2022 Global Technology Conference will take place on September 7, 2022, at the Hilton Midtown in New York, with no webcast presentation planned.
Additionally, Ziff Davis will attend the Evercore ISI 2nd Annual Technology Conference on September 8, 2022, at the Westin New York at Times Square, starting at 12:00 PM ET. A webcast will be available at this link.
Ziff Davis reported its Q2 2022 financial results, revealing a revenue decrease of 1.1% to $337.4 million compared to Q2 2021. Despite this, pro-forma revenues increased by 2.2%. The GAAP net loss per diluted share rose to $0.99, primarily due to investment losses in Consensus, while adjusted non-GAAP earnings improved by 5.3% to $1.58 per share. Adjusted EBITDA grew marginally by 0.9%, reaching $118 million. The company revised its full-year revenue guidance down to a range of $1,410 million to $1,435 million. Ziff Davis aims to strengthen its balance sheet and pursue growth through acquisitions.
Ookla has acquired CellRebel, enhancing its capabilities in mobile network performance by integrating advanced analytics and consumer experience insights. This acquisition aims to provide telecommunications companies with a deeper understanding of network quality through billions of daily data points. CellRebel's technology promises sophisticated data visualization and real-world measurements, positioning Ookla to better serve the global telecommunications market. The combined strengths of both companies are expected to improve connectivity solutions.
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