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Ziff Davis Reports First Quarter 2026 Financial Results

ZD
  • Ziff Davis reported unaudited financial results for the first quarter ended March 31, 2026.
  • The Company entered into a definitive agreement to sell its Connectivity business, which is classified as discontinued operations.
  • Total revenues decreased 1.9% to $267.6 million from $272.8 million in Q1 2025.
  • Operating income decreased 79.7% to $2.9 million from $14.5 million in Q1 2025.
  • Net loss from continuing operations was $0.8 million, compared to net income of $9.8 million in Q1 2025.
  • Adjusted EBITDA decreased 11.2% to $63.4 million from $71.4 million in Q1 2025.
  • Adjusted net income decreased 16.5% to $27.5 million, or $0.73 per diluted share, from $33.0 million in Q1 2025.
  • Net cash provided by operating activities increased 45.3% to $30.0 million compared to $20.6 million in Q1 2025.
  • Free cash flow improved to a loss of $3.2 million from a loss of $5.0 million in Q1 2025.
  • Ziff Davis deployed approximately $51.6 million for share repurchases in Q1 2026.
  • Segment revenues showed a 12.9% decrease in Technology & Shopping, a 7.2% increase in Gaming & Entertainment, a 0.2% increase in Health & Wellness, & a 3.6% increase in Cybersecurity & Martech.
  • The Company deferred its fiscal 2026 guidance while evaluating value-creating opportunities.
  • An earnings conference call & audio webcast is scheduled for May 8, 2026, at 8:30 AM ET.