Ziff Davis, Inc. - ZD STOCK NEWS

Ziff Davis, Inc. (NASDAQ: ZD) announced the completion of an acquisition in Q2 2022. The acquisition of Lose It!, a health-focused platform, expands Ziff Davis’ global customer base and product offerings. Although the specific financial terms were not disclosed, the company stated that the financial impact is not expected to be material. This strategic move aims to provide Ziff Davis access to new markets within the health sector.

RetailMeNot announces its Summer of Savings campaign, aimed at helping shoppers save during the summer season. With 70% of Americans planning to attend celebrations, the initiative offers coupons, deals, and cashback offers at popular retailers like Home Depot and eBay. RetailMeNot emphasizes the importance of saving amidst inflationary pressures while shopping for weddings, travel, and home essentials. Key offers include up to 12% cash back at Home Depot and up to 50% off at eBay. For more details, visit www.retailmenot.com.

Ziff Davis (NASDAQ: ZD) announced participation in two notable investor conferences in June 2022. The first is the William Blair 42nd Annual Growth Stock Conference in Chicago on June 6, 2022 at 4:40 pm (CT). The second event is the Baird 2022 Global Consumer, Technology & Services Conference in New York on June 8, 2022 at 9:40 am (ET). Webcasts for both conferences are available online for investors and stakeholders.

Ziff Davis reported Q1 2022 financial results with revenues of $315.1 million, a 1.1% increase from Q1 2021. Pro-forma revenues rose 5.3%. GAAP net income per diluted share fell to $0.51, down 38.6%, while adjusted non-GAAP net income per share decreased slightly to $1.23. Adjusted EBITDA for the quarter was $100.8 million, reflecting a marginal increase. The company maintained strong liquidity with $988.7 million in cash post-share repurchase and debt repayment. Guidance for FY 2022 remains affirmatively set with revenues projected between $1,497 million and $1,535 million.

Ziff Davis (NASDAQ: ZD) has appointed Sarah Fay as the new Chair of the Board of Directors, effective immediately. She succeeds Richard Ressler, who retired after serving since 1997. Fay, a board member since 2018, is currently a Managing Director at Glasswing Ventures and has a strong background in digital marketing and media as the former CEO of Aegis Media North America. Fay expressed her commitment to continue delivering value through Ziff Davis' digital portfolio, emphasizing the company’s expertise in digital transformation.

Ziff Davis, Inc. (NASDAQ: ZD) will participate in two investor conferences in May 2022. The first is the Goldman Sachs 7th Annual Leveraged Finance and Credit Conference on May 12 at the Terranea Resort, Palos Verdes, CA, with no formal presentation. The second is the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 23 at The Westin Boston Seaport District, Boston, MA, starting at 10:40 am ET, which will be webcasted. For more information about Ziff Davis, visit www.ziffdavis.com.

Ziff Davis will announce its First Quarter 2022 Earnings on May 10, 2022, at 6:00 PM ET. A live audio Webcast of the earnings call will be hosted on May 11, 2022, at 8:30 AM ET by CEO Vivek Shah and CFO Bret Richter. Materials from the call will be accessible on ziffdavis.com and via their filed 8-K with the SEC. Participants can submit questions via email. The company focuses on digital media across sectors including technology and health.

VIPRE Security Group, a global leader in cybersecurity, has appointed Lee Schor as Chief Revenue Officer. Schor, with over 15 years in cybersecurity, will direct global sales, marketing, and operations for VIPRE and Inspired eLearning solutions. This strategic move aims to enhance growth in 2022 and strengthen service to small- to medium-sized businesses and consumers. Schor’s previous experience includes leadership roles at notable firms like StorageCraft and Sophos. The company, part of Ziff Davis (NASDAQ: ZD), provides comprehensive internet security solutions.

Ziff Davis, Inc. (NASDAQ: ZD) has completed three acquisitions in Q1 2022, aimed at expanding its global customer base and product offerings. The acquisitions include Lifecycle Marketing and Map Genie, both focusing on health and entertainment sectors in the UK, and BPHope, which targets health in the USA. The terms of the acquisitions are undisclosed, and Ziff Davis does not expect a material financial impact from these deals.