ZIFF DAVIS, INC.

Listed Company

ZDCIK 0001084048NasdaqLarge AcceleratedTelegraph & Other Message CommunicationsFY ends Dec 31

Period

FY 2025

Revenue

$1.45B

Net Income

$47.35M

Total Assets

$3.66B

Equity

$1.75B

Shares Out

37.65M

Op. Cash Flow

$407.07M

Business

Ziff Davis, Inc. is a vertically focused digital media and internet company that operates and acquires brands across technology, shopping, gaming and entertainment, health and wellness, connectivity, cybersecurity, and marketing technology. It offers publishing and editorial content, performance and display advertising, subscription and licensed SaaS products, network testing hardware and software, digital storefronts and marketplaces, and cybersecurity and martech tools. The company organizes into five reportable segments: Technology & Shopping; Gaming & Entertainment; Health & Wellness; Connectivity; and Cybersecurity & Martech. Its offerings reach consumers, professionals, enterprises, advertisers, service providers, and partners globally through owned digital properties, apps, direct sales, channel partners, and third-party platforms.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	1,451	1,402	1,364	1,391	—
Direct costs	207	200	186	185	188
Sales and marketing	543	520	487	491	493
Research, development, and engineering	62	67	69	74	79
General, administrative, and other related costs	210	203	196	182	457
Depreciation and amortization	229	212	237	233	—
Goodwill impairment	18	85	57	27	33
Total operating costs and expenses	1,268	1,288	1,231	1,192	1,249
Income from operations	183	114	133	199	167
Interest expense, net	−26	−14	−20	−34	—
Loss on sale of businesses	−58	−4	0	0	−22
Gain (loss) on investments, net	5	−8	−28	−54	—
Provision for credit losses on investments	−18	0	0	—	—
Other (loss) income, net	−6	5	−9	8	1
Income before income tax expense and (loss) income from equity method investment	81	93	75	131	351
Income tax expense	−25	−41	−24	−58	14
(Loss) income from equity method investment, net of tax	−8	11	−9	−8	36
Net income	47	63	42	64	497
Basic (in dollars per share)	1.16	1.42	0.89	1.36	10.81
Diluted (in dollars per share)	1.15	1.42	0.89	1.36	10.37
Basic (in shares)	41	44	46	47	46
Diluted (in shares)	41	45	46	47	48

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	607	506	738	653	695
Accounts receivable, net of allowances of $9,216 and $8,148, respectively	667	660	338	305	316
Prepaid expenses and other current assets	96	106	89	68	60
Total current assets	1,370	1,272	1,191	1,084	1,301
Long-term investments	93	158	141	128	123
Property and equipment, net	213	197	188	178	161
Trade names and trademarks, net	129	153	156	191	—
Customer relationships, net	177	215	137	208	275
Other purchased intangibles, net	38	57	32	64	150
Goodwill	1,608	1,580	1,546	1,591	1,531
Deferred income taxes	5	7	9	9	6
Other assets	29	63	71	80	76
TOTAL ASSETS	3,663	3,704	3,471	3,533	3,770
Accounts payable and accrued expenses	709	671	217	—	227
Income taxes payable, current	10	20	14	20	3
Deferred revenue, current	190	200	185	—	—
Current portion of long-term debt	149	0	—	0	55
Other current liabilities	17	9	16	22	27
Total current liabilities	1,075	900	432	432	497
Long-term debt	718	864	1,001	999	1,036
Deferred revenue, noncurrent	19	6	8	—	—
Liability for uncertain tax positions	20	30	36	40	43
Deferred income taxes	41	46	46	79	109
Other noncurrent liabilities	37	48	47	69	91
TOTAL LIABILITIES	1,910	1,893	1,578	1,641	1,803
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred stock	0	0	0	0	0
Common stock, $0.01 par value. Authorized 95,000,000; total issued and outstanding 38,376,859 and 42,848,339 shares at December 31, 2025 and 2024, respectively	384,000	428,000	461,000	473,000	474,000
Additional paid-in capital	473	492	472	440	509
Retained earnings	1,338	1,401	1,492	1,538	1,515
Accumulated other comprehensive loss	−57	−82	−72	−85	−57
TOTAL STOCKHOLDERS EQUITY	1,754	1,811	1,893	1,893	1,968
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	3,663	3,704	3,471	3,533	3,770

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	229	212	237	233	258
Non-cash operating lease costs	9	11	11	13	1
Share-based compensation	45	41	32	27	25
Provision for credit losses on accounts receivable	4	3	3	−255,000	9
Deferred income taxes, net	4	−19	−30	−13	—
Changes in fair value of contingent consideration	−3	0	−200,000	−3	−1
Loss (income) from equity method investments	8	−11	9	8	—
Other	3	4	5	4	39
Accounts receivable	−8	−153	−35	15	−18
Prepaid expenses and other current assets	−9	−17	−9	10	−16
Other assets	10	11	−6	−16	11
Accounts payable and income taxes payable	3	171	9	—	—
Deferred revenue	−5	5	−7	−21	14
Accrued liabilities and other current liabilities	−17	−27	−27	−33	−42
Net cash provided by operating activities	407	390	320	336	517
Purchases of property and equipment	−119	−107	−109	−106	−114
Acquisitions, net of cash received	−67	−218	−9	−104	−141
Purchase of equity investments	0	0	−12	0	−23
Proceeds from sale of equity investments	25	19	3	5	14
Proceeds from sale of equity method investment	860,000	0	0	—	—
Distribution from equity method investment	11	0	0	0	15
Proceeds from sale of businesses, net of cash divested	4	8	0	0	49
Other	338,000	−565,000	−503,000	−50,000	—
Net cash used in investing activities	−146	−297	−127	−221	59
Payment of debt	0	−135	0	−167	−512
Debt extinguishment costs	0	−277,000	0	−756,000	−1
Repurchase of common stock	−174	−185	−109	−78	−78
Issuance of common stock under employee stock purchase plan	7	8	9	9	9
Deferred payments for acquisitions	−1	−8	−15	−16	−14
Other	−2	−1	250,000	−630,000	−4
Net cash used in financing activities	−170	−321	−115	−141	−113
Effect of exchange rate changes on cash and cash equivalents	10	−4	7	—	—
Net change in cash and cash equivalents	101	−232	85	−42	452

Filings

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