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Ziff Davis — Third Quarter 2026 Earnings Summary

  • Total revenue declined 5.6% year-over-year to $289.3 million, while operating results shifted from $11.4 million income to a $33.6 million loss due to $29.6 million in goodwill and $6.4 million in long-lived asset impairments.
  • Adjusted EBITDA fell 16.0% to $82.2 million and adjusted net income dropped 15.0% to $48.3 million, with all four reportable segments (Technology & Shopping, Gaming & Entertainment, Health & Wellness, Cybersecurity & Martech) posting revenue declines between 2.1% and 9.5%.
  • The company executed significant capital returns and strategic shifts, including $92.0 million in share repurchases during the quarter and a total of $265 million for the first three quarters, alongside the sale of the Connectivity business which generated $1,134.1 million in net proceeds and an $860.6 million gain.
  • Liquidity remains robust with cash and cash equivalents rising to $1,407.7 million at September 30, 2026, though operating cash flow turned negative at $(77.1) million and free cash flow at $(100.1) million compared to positive figures in the prior year period.
Company
ZIFF DAVIS INC
Sector
Communication Services
Industry
Advertising Agencies