Business Wire·Aug 6, 2026, 6:00 PM ET

Ziff Davis Reports Second Quarter 2026 Financial Results

Ziff Davis reported unaudited financial results for the second quarter ended June 30, 2026, following the sale of its Connectivity business.
Total revenues for Q2 2026 decreased 2.7% to $286.7 million compared to $294.8 million in Q2 2025.
The company reported an operating loss of $(44.7) million for Q2 2026, compared to operating income of $13.8 million in the prior year period.
A $54.8 million goodwill impairment was recognized in Q2 2026, which was not present in Q2 2025.
Net loss from continuing operations was $(52.2) million for Q2 2026, a decrease from the $14.3 million net income recorded in Q2 2025.
Net loss per diluted share from continuing operations was $(1.43) for Q2 2026, compared to $0.34 in Q2 2025.
Adjusted EBITDA decreased 3.7% to $76.8 million in Q2 2026 from $79.8 million in Q2 2025.
Adjusted net income decreased slightly to $37.8 million in Q2 2026 from $38.1 million in Q2 2025.
Adjusted diluted EPS increased 13.2% to $1.03 in Q2 2026 from $0.91 in Q2 2025.
Net cash provided by operating activities from continuing and discontinued operations increased 55.9% to $89.0 million in Q2 2026.
Free cash flow from continuing and discontinued operations increased 100.3% to $54.0 million in Q2 2026.
The sale of the Connectivity division generated total proceeds of approximately $1,216.1 million, including $1,134.1 million net of divested cash.
Ziff Davis deployed $121.5 million for share repurchases and $9.2 million for acquisitions during the quarter.
Cash and cash equivalents increased to $1,606.1 million at June 30, 2026, from $573.8 million at December 31, 2025.
Connectivity was classified as a discontinued operation, removing it as a reportable segment for the period.