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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 (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.
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.
