ZD · Ziff Davis, Inc. · Financials

$56.83 -0.89 (-1.53%) Q2 2026 earnings call transcript

S&P 600 member Russell 2000 member Rebalance outlook locked

Market Cap

$1.95B

34.29M

Volume · Oct 27 173.23K Avg daily vol (3M) 583.55K

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Pull these statements through the financial statements API or MCP →

Revenue

$1.45B +3.5%

FY2025

Net Income

$47.35M -24.9%

FY2025

Gross Margin

85.76% 0pp

FY2025

Operating Margin

12.62% +4.5pp

FY2025

Diluted EPS

$1.15 -19%

FY2025

Operating Cash Flow

$407.07M +4.3%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow Adjusted All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Revenue	+1.4%	+4.6%	+7.2%	$1.44B	$1.45B	$1.4B	$1.36B^G	$1.39B	$1.42B^G	$1.16B^G	$1.05B	$1.21B	$1.12B	$874.26M	$720.82M	$599.03M	$520.8M	$371.4M	$330.16M	$255.39M	$245.57M	$241.51M
Net Interest Income	—	—	—	—	—	—	-$20.03M	-$33.84M	-$72.02M	-$56.19M	-$26.89M	-$61.99M	-$67.78M	-$41.37M	-$42.46M	-$31.2M	-$21.25M	-$7.65M	$629K	—	—	—
Cost of Revenue	+3.8%	+3.0%	—	$215.56M	$206.6M	$200.32M	$185.65M	$184.55M	$188.05M	$178.4M	$187.33M	$201.07M	$172.31M	$147.1M	—	—	—	—	—	—	—	—
Gross Profit	+1.0%	+4.9%	+7.6%	$1.22B	$1.24B^d	$1.2B^d	$1.18B^d	$1.21B^d	$1.23B	$980.43M	$863.13M	$1.01B	$945.53M	$727.16M	$597.86M	$493.04M	$433.91M	$304.38M	$269.55M	$211.31M	$200.84M	$195.26M
Gross Margin	—	—	—	—	85.76%^d	85.71%^d	86.39%^d	86.73%^d	86.73%	84.6%	82.17%	83.35%	84.59%	83.17%	82.94%	82.31%	83.32%	81.96%	81.64%	82.74%	81.79%	80.85%
Research & Development	-5.8%	+1.6%	+6.1%	$61.85M	$61.96M	$67.37M	$68.86M	$74.09M	$78.87M	$57.15M	$44.65M	$48.37M	$46M	$38.05M	$34.33M	$30.68M	$25.49M	$18.62M	$16.37M	$12.83M	$11.66M	$12.03M
Selling & Marketing	+3.4%	+8.2%	+13.1%	$541.28M	$543.33M	$519.69M	$487.37M	$490.78M	$493.05M	$366.36M	$327.66M	$338.3M	$330.3M	$206.87M	$159.01M	$141.97M	$131.32M	$62.83M	$59.07M	$46.33M	$37.01M	$41.27M
General & Administrative	+4.9%	-12.9%	+0.2%	$212.21M	$210.03M	$203.46M	$195.73M	$181.87M	$456.78M	$418.58M	$402.6M	$375.27M	$323.52M	$239.67M	$205.14M	$134.19M	$101.68M	$60.77M	$58.16M	$48.23M	$45.28M	$44.03M
Amortization of Intangibles	-8.1%	-4.9%	+5.1%	$113.6M	$121.7M	$117.5M	$144.9M	$156.7M	$185.7M	$156.4M	$173.8M	$145.9M	$129M	$95.3M	$74M	$47.4M	$30.2M	$16M	$13.4M	$8.8M	—	—
Depreciation & Amortization	-0.7%	0.0%	+9.4%	$219.18M	$228.69M	$211.92M	$236.97M	$233.4M	$258.3M	$228.74M	$232.03M	$187.17M	$162.04M	$122.09M	$93.21M	$62.95M	$39.79M	$22.16M	$19.76M	$14.51M	$14.71M	$13.18M
Total Operating Expenses	—	—	—	—	—	—	—	—	$1.06B	$842.09M	$774.91M	$761.94M	$699.82M	$484.59M	$398.48M	$306.84M	$258.49M	$142.22M	$133.6M	$107.39M	$96.38M	$97.33M
Total Costs & Expenses	—	—	—	—	—	—	—	—	—	—	—	$1.08B	—	—	—	—	—	—	—	—	—	—
Operating Costs & Expenses	+2.1%	+4.4%	—	$1.32B	$1.27B	$1.29B	$1.23B	$1.19B	$1.25B	$1.02B	—	—	—	—	—	—	—	—	—	—	—	—
Operating Income	-2.7%	+5.8%	-0.8%	$113.06M	$183.09M	$113.65M	$132.61M	$198.94M	$167.34M	$138.34M	$88.22M	$244.28M	$245.71M	$242.57M	$199.38M	$186.21M	$175.42M	$162.16M	$135.95M	$103.92M	$104.46M	$97.93M
Operating Margin	—	—	—	—	12.62%	8.11%	9.72%	14.3%	11.81%	11.94%	8.4%	20.23%	21.98%	27.75%	27.66%	31.08%	33.68%	43.66%	41.18%	40.69%	42.54%	40.55%
EBITDA	-1.6%	+2.3%	+3.5%	$332.24M	$411.78M	$325.56M	$369.58M	$432.34M	$425.64M	$367.08M	$320.26M	$431.45M	$407.75M	$364.66M	$292.6M	$249.16M	$215.21M	$184.33M	$155.71M	$118.43M	$119.17M	$111.11M
Interest Expense	+0.4%	-8.3%	-1.5%	—	$37.6M	$35.3M	$41.6M	$37.1M	$79.6M	$58.1M	$26.1M	$63.5M	$59.2M	$42.7M	$43.6M	$32.5M	$22.3M	$9M	—	—	—	—
Other Non-Operating Income	—	—	—	-$1.91M	-$5.89M	$4.97M	-$9.47M	$8.44M	$1.29M	$65K	-$2.31M	-$4.63M	$22.04M	$10.24M	-$5000	$165K	-$11.47M	$410K	$537K	$6.71M	-$6.68M	$4.22M
Equity in Earnings of Unconsolidated Entities	—	—	—	-$14.69M	-$7.95M	$11.22M	-$9.33M	-$7.73M	$35.85M	-$11.34M	-$168K	-$4.14M	$0	$0	—	$0	$0	$0	—	—	—	—
Investment Income (Loss)	—	—	—	—	$5.02M	-$7.65M	-$28.14M	-$53.89M	-$16.68M	-$20.99M	-$4.21M	-$73K	—	—	—	—	—	—	—	—	—	—
Pretax Income	-14.9%	+0.6%	-6.4%	$10.47M	$80.75M	$93.19M	$74.97M	$131.15M	$351.35M	$78.35M	$54.82M	$177.59M	$199.97M	$211.44M	$156.92M	$155.17M	$142.7M	$154.92M	$137.12M	$110.64M	$97.78M	$102.15M
Income Tax	-24.0%	-7.9%	+0.9%	$25.48M	$25.45M	$41.37M	$24.14M	$57.96M	-$14.2M	$38.35M	$13.76M	$44.76M	$60.54M	$59M	$23.28M	$29.84M	$35.18M	$33.26M	$22.35M	$27.59M	$30.95M	$29.59M
Net Income	-9.4%	-20.7%	-9.9%	$643.49M	$47.35M	$63.05M	$41.5M	$63.76M	$496.71M	$150.67M	$218.81M	$128.69M	$139.43M	$152.44M	$133.64M	$124.34M	$107.52M	$121.58M	$114.77M	$83.05M	$66.83M	$72.56M
Net Margin	—	—	—	—	3.26%	4.5%	3.04%	4.58%	35.06%	13%	20.83%	10.66%	12.47%	17.44%	18.54%	20.76%	20.65%	32.74%	34.76%	32.52%	27.21%	30.04%
Net Income Attributable to Noncontrolling Interests	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$0	$0	$83K	$0	$0	—	—
Net Income Available to Common Stockholders	-10.2%	—	—	$643.49M	$47.35M	$63.05M	$41.5M	$65.45M	$401.07M	—	—	—	—	—	—	—	—	—	—	—	—	—
Comprehensive Income	+26.9%	-12.6%	-4.2%	$628.17M	$72.75M	$52.2M	$55.26M	$35.61M	$494.3M	$142.32M	$218.32M	$111.8M	$164.98M	$126.91M	$111.64M	-$11.36M	$111.85M	$124.97M	$113.32M	$81.99M	$69.75M	$65.71M
EPS (Basic) USD/shares	-5.2%	-18.6%	-8.3%	$17.71	$1.16	$1.42	$0.89	$1.36	$10.81	$3.24	$4.52	$2.64	$2.89	$3.15	$2.76	$2.60	$2.31	$2.63	$2.46	$1.86	$1.52	$1.63
EPS (Diluted) USD/shares	-5.4%	-18.4%	-8.3%	$17.70	$1.15^G	$1.42^G	$0.89^G	$1.36^G	$10.37^G	$3.18^G	$4.39	$2.59	$2.83	$3.13	$2.73	$2.58	$2.28	$2.61	$2.43	$1.81	$1.48	$1.58
Shares Outstanding (Basic Avg) shares	-4.4%	-2.4%	-1.5%	—	40.98M	44.46M	46.4M	46.95M	45.89M	46.31M	47.65M	47.95M	47.59M	47.67M	47.63M	46.78M	45.55M	45.46M	45.8M	44.58M	43.94M	44.61M
Shares Outstanding (Diluted Avg) shares	-4.4%	-2.7%	-1.6%	—	41.1M	44.52M	46.46M	47.03M	47.86M	47.12M	49.03M	48.93M	48.67M	47.96M	48.09M	47.11M	46.14M	45.78M	46.38M	45.94M	45.14M	45.94M

^d Gross profit for periods the company did not report it, or tagged its operating income as gross profit, is Revenue − Cost of Revenue. Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $1.22B in buybacks, $481.46M in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balance	As of	Amount	Source
Long-term debt, including current maturities	2026-06-30	USD 867,640,000	10-Q filed 2026-08-07
Related accounting measures — not additional borrowing Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year. Current portion of long-term debt USD 148,937,000 Noncurrent debt carrying amount USD 718,703,000

Instrument and agreement coverage is incomplete. Additional filings are awaiting review.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

0.84×

Peer median 1.32×

EV/EBIT

10.69×

Peer median 24.49×

P/E (TTM common income)

3.03×

Peer median 26.37×

EV/Adj. EBITDA (TTM)

3.26×

Peer median 7.71×

Peer medians compare against the 11 similar-size Advertising Agencies companies (of 44 listed).

EV/Adj. EBITDA uses the company-stated “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.

Valuation over time computed as of each quarter's filing date

EV/Adj. EBITDA uses the company-stated “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Health and Wellness	$402,353,000	$362,408,000	$361,923,000	$335,883,000	—	—	—	—
Technology and Shopping	$356,596,000	$361,882,000	$330,557,000	$384,929,000	—	—	—	—
Cybersecurity and Martech Segment	$278,028,000	$283,502,000	$291,209,000	$312,606,000	$348,611,000	—	—	—
Connectivity	$230,733,000	$213,620,000	$211,518,000	$191,254,000	—	—	—	—
Gaming and Entertainment	$183,558,000	$180,276,000	$168,821,000	$166,325,000	—	—	—	—
Cloud Services	—	—	—	—	—	—	—	$597,975,000
Cybersecurity and Martech Segment	—	—	—	—	—	$347,697,000	$340,245,000	—
Fax and Martech	—	—	—	—	—	—	—	$360,479,000
Fax and Martech Segment	—	—	—	—	—	—	—	$360,479,000
Voice Backup Security and CPP	—	—	—	—	—	—	—	$237,496,000
Voice Backup Security and CPP Segment	—	—	—	—	—	—	—	$237,496,000
Corporate	—	—	—	—	—	—	—	$6,000
Corporate Non Segment	—	—	—	—	—	—	—	$6,000
Intersegment Elimination	—	—	—	—	—	—	—	-$60,000
Operating Segments	—	—	—	—	—	—	—	$1,207,289,000
Digital Media Segment	—	—	—	—	$1,069,300,000	$811,360,000	$710,511,000	$609,374,000

By Geography (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
United States	$1,219,221,000	$1,165,571,000	$1,137,857,000	$1,181,936,000	$1,187,207,000	$958,833,000	$843,136,000	$924,051,000
Non Us	$232,047,000	$236,117,000	$226,171,000	$209,061,000	$229,515,000	$199,996,000	$128,272,000	$140,211,000
Canada	—	—	—	—	—	—	$30,327,000	$73,742,000
Ireland	—	—	—	—	—	—	$48,729,000	$69,291,000
All Foreign Countries	—	—	—	—	—	—	$207,328,000	—

By Product & Service (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Advertising and Performance Marketing	$823,585,000	$777,843,000	$747,101,000	$787,582,000	—	—	—	—
Subscription and Licensing	$598,668,000	$585,660,000	$858,156,000	$801,766,000	$197,354,000	—	—	—
Other	$29,015,000	$38,185,000	$84,488,000	$92,686,000	$33,871,000	—	—	—
Other	—	—	—	$46,343,000	$33,871,000	$18,391,000	$17,310,000	$3,748,000
Subscription and Licensing	—	—	—	—	$545,965,000	$513,916,000	$504,297,000	—
Subscription	—	—	—	$557,320,000	$545,965,000	$1,191,929,000	—	$1,333,251,000
Advertising	—	—	$747,254,000	$1,576,270,000	$1,676,150,000	$627,198,000	$531,191,000	$468,325,000
Subscription	—	—	$291,209,000	$312,626,000	$348,611,000	—	—	—

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Health and Wellness	$89,384,000	$67,207,000	$63,575,000	$66,215,000	—	—	—	—
Connectivity	$76,113,000	$79,374,000	$70,591,000	$78,362,000	—	—	—	—
Gaming and Entertainment	$53,035,000	$54,001,000	$57,299,000	$53,425,000	—	—	—	—
Cybersecurity and Martech Segment	$28,597,000	$54,961,000	$43,210,000	$50,962,000	$10,147,000	—	—	—
Technology and Shopping	$9,302,000	-$71,072,000	-$50,498,000	$3,565,000	—	—	—	—
Business Cloud Services Segment	—	—	—	—	—	—	$237,804,000	$230,120,000
Cloud Services	—	—	—	—	—	$249,203,000	$247,540,000	$236,192,000
Cybersecurity and Martech Segment	—	—	—	$50,200,000	$10,147,000	$52,932,000	$58,683,000	—
Fax and Martech	—	—	—	—	—	—	$192,476,000	$194,957,000
Fax and Martech Segment	—	—	—	—	—	$203,791,000	$199,103,000	$185,571,000
Voice Backup Security and CPP	—	—	—	—	—	—	$45,328,000	$35,163,000
Voice Backup Security and CPP Segment	—	—	—	—	—	$45,412,000	$48,437,000	$50,621,000
Operating Segments	—	—	—	—	—	—	$304,428,000	$271,556,000
Digital Media Segment	—	—	$140,991,000	$198,932,000	$217,493,000	$139,080,000	$77,265,000	$47,288,000

Operating Margin by Segment (%)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Health and Wellness	22.2%	18.5%	17.6%	19.7%	—	—	—	—
Technology and Shopping	2.6%	-19.6%	-15.3%	0.9%	—	—	—	—
Cybersecurity and Martech Segment	10.3%	19.4%	14.8%	16.3%	2.9%	—	—	—
Connectivity	33%	37.2%	33.4%	41%	—	—	—	—
Gaming and Entertainment	28.9%	30%	33.9%	32.1%	—	—	—	—
Cloud Services	—	—	—	—	—	—	—	39.5%
Cybersecurity and Martech Segment	—	—	—	—	—	15.2%	17.2%	—
Fax and Martech	—	—	—	—	—	—	—	54.1%
Fax and Martech Segment	—	—	—	—	—	—	—	51.5%
Voice Backup Security and CPP	—	—	—	—	—	—	—	14.8%
Voice Backup Security and CPP Segment	—	—	—	—	—	—	—	21.3%
Operating Segments	—	—	—	—	—	—	—	22.5%
Digital Media Segment	—	—	—	—	20.3%	17.1%	10.9%	7.8%

Key facts CIK 1084048 CUSIP 48123V102 13F (30d) 49 filings 49 filers Visit website Investor relations