Ziff Davis, Inc. (ZD) SEC Filings & Earnings Calls
EquiReason read 18 Ziff Davis, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-08-07 — Released earnings results and quarterly financials; issued a Regulation FD disclosure (forward guidance or material update).
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
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Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
7 Aug 202610-QZiff Davis completed the sale of its Connectivity business to Accenture for $1.2 billion cash, generating a pre-tax gain of $860.6 million and significantly boosting cash reserves.open
Figures in the filing · each found in the filing text
| Total revenues · Q2-2026 | $287M | -3% y/y |
| Net income from continuing operations · Q2-2026 | $-52M | |
| Operating cash flow · H1-2026 | $119M | +53% y/y |
| Free cash flow · H1-2026 | $51M | |
| Technology & Shopping revenue · Technology & Shopping · Q2-2026 | $77M | -5% y/y |
| Gaming & Entertainment revenue · Gaming & Entertainment · Q2-2026 | $47M | +1% y/y |
| Health & Wellness revenue · Health & Wellness · Q2-2026 | $95M | -5% y/y |
| Cybersecurity & Martech revenue · Cybersecurity & Martech · Q2-2026 | $69M | +1% y/y |
Risks flagged
Goodwill impairment risk in Health & Wellness
“Goodwill impairment $54,839 for Q2 2026; 'the Company assessed the recoverability of certain of its assets in its Health & Wellness reportable segment following reductions in forecasted revenue and EBITDA'.”
Revenue decline in core segments
“Health & Wellness revenues $94,658 for Q2 2026 vs $99,452 for Q2 2025; Technology & Shopping revenues $76,757 for Q2 2026 vs $80,776 for Q2 2025.”
8 May 202610-QRevenue $268M (-2% y/y); Net income $22M (-8% y/y); Operating cash flow $30M (+45% y/y)open
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $268M | -2% y/y |
| Net income · Q1-2026 | $22M | -8% y/y |
| Operating cash flow · Q1-2026 | $30M | +45% y/y |
| Free cash flow · Q1-2026 | $-3M | |
| Technology & Shopping Revenue · Technology & Shopping · Q1-2026 | $71M | -13% y/y |
| Gaming & Entertainment Revenue · Gaming & Entertainment · Q1-2026 | $41M | +7% y/y |
| Health & Wellness Revenue · Health & Wellness · Q1-2026 | $86M | +0% y/y |
| Cybersecurity & Martech Revenue · Cybersecurity & Martech · Q1-2026 | $70M | +4% y/y |
| Technology & Shopping Net advertising and performance marketing revenue retention · Technology & Shopping · Q1-2026 | 90.0% | |
| Health & Wellness Net advertising and performance marketing revenue retention · Health & Wellness · Q1-2026 | 102.6% |
Risks flagged
Advertising revenue decline due to traffic pressures
“The decline in revenues during the quarter was driven by traffic pressures impacting affiliate commerce and programmatic display advertising.” · word for word
Connectivity business sale may not close
“The sale is expected to close in the next couple of months, subject to the receipt of customary regulatory approvals and satisfaction of other closing conditions.” · word for word
Litigation risk from copyright and antitrust lawsuits
“On April 24, 2025, the Company and certain of its subsidiaries filed a lawsuit against OpenAI, Inc. ... On February 6, 2026, the Company filed a lawsuit against Google LLC and Alphabet Inc.” · word for word
26 Mar 2026DEF 14AZiff Davis DEF 14A proxy statement discloses FY2025 results, sale of Connectivity division for $1.2B, and compensation changes in response to shareholder feedback.open
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $1.45B | +4% y/y |
| Net Income · FY2025 | $47M | -25% y/y |
| Adjusted EBITDA · FY2025 | $495M | +0% y/y |
| Free Cash Flow · FY2025 | $288M | +2% y/y |
| Cash from Operating Activities · FY2025 | $407M | +4% y/y |
| Cash and long-term investments · FY2025 | $700M | |
| Stock repurchases · FY2025 | $174M | |
| Acquisition spend · FY2025 | $69M | |
| Connectivity division sale price · Connectivity · FY2025 | $1.20B | |
| Employees · FY2025 | 3,900 |
4 Mar 20268-K · 1.01Ziff Davis agreed to sell its Connectivity division to Accenture for $1.2B cash, subject to closing conditions.being acquiredopen
Risks flagged
Transaction may not close due to regulatory or other conditions
“subject to satisfaction or waiver of closing conditions”
3 Mar 20268-K · 8.01Purchase price $1.20Bopen
Figures in the filing · each found in the filing text
| Purchase price · Connectivity · point_in_time | $1.20B |
Risks flagged
Regulatory approvals and closing conditions remain
“whether and when the required regulatory approvals... will be obtained” · word for word
24 Feb 20268-K · 2.02, 7.01Revenues $407M (-2% y/y); Revenues $1.45B (+4% y/y); Income from operations $86M (+10% y/y)earningsopen
Figures in the filing · each found in the filing text
| Revenues · Q4-2025 | $407M | -2% y/y |
| Revenues · FY2025 | $1.45B | +4% y/y |
| Income from operations · Q4-2025 | $86M | +10% y/y |
| Net income · Q4-2025 | $400000.00 | -99% y/y |
| Net income per diluted share · Q4-2025 | $0.01 | -99% y/y |
| Adjusted EBITDA · Q4-2025 | $163M | -5% y/y |
| Adjusted EBITDA · FY2025 | $495M | +0% y/y |
| Adjusted net income per diluted share · Q4-2025 | $2.56 | -1% y/y |
| Adjusted net income per diluted share · FY2025 | $6.63 | +0% y/y |
| Net cash provided by operating activities · Q4-2025 | $191M | +21% y/y |
Risks flagged
Revenue decline in Q4 and in key segments (Technology & Shopping -18%)
“Q4 revenue -1.5% YoY; Technology & Shopping segment -18% Q4, -1.5% FY”
Goodwill impairment and loss on sale of business
“$17.6M goodwill impairment in FY2025; $58.0M loss on sale of business”
24 Feb 202610-KTotal Revenues $1.45B (+4% y/y); Income from operations as % of revenues 13; Goodwill impairment $18M (-79% y/y)open
Figures in the filing · each found in the filing text
| Total Revenues · FY2025 | $1.45B | +4% y/y |
| Income from operations as % of revenues · FY2025 | 13.0% | |
| Goodwill impairment · Cybersecurity & Martech · FY2025 | $18M | -79% y/y |
Risks flagged
Cybersecurity & Martech segment underperformance
“Goodwill impairment was $17.6 million for the year ended December 31, 2025 and related to a reporting unit within the Cybersecurity & Martech reportable segment.” · word for word
7 Nov 202510-QZiff Davis reported Q3 2025 revenue of $363.7M (+2.9% YoY) and a net loss of $3.6M (improved from $(48.6)M YoY), with lower goodwill impairment but a significant credit loss on an investment.earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q3-2025 | $364M | +3% y/y |
| Net income (loss) · Q3-2025 | $-4M | +93% y/y |
| Operating cash flow · 9M-2025 | $216M | -7% y/y |
| Free cash flow · 9M-2025 | $130M | -15% y/y |
Risks flagged
Goodwill impairment risk
“Goodwill impairment $17,579k in Q3 2025, following $85,273k in Q3 2024.”
Investment credit loss
“Provision for credit losses on investments $17,566k in Q3 2025.”
7 Nov 20258-K · 2.02, 7.01Revenues $364M (+3% y/y); Net loss $-4M (+93% y/y); Adjusted EBITDA $124M (-0% y/y); Guidance: FY2025 revenue $1.442B-$1.502B; Adjusted EBITDA $505M-$542M; Adjusted diluted EPS $6.64-$7.28earningsopen
Figures in the filing · each found in the filing text
| Revenues · Q3-2025 | $364M | +3% y/y |
| Net loss · Q3-2025 | $-4M | +93% y/y |
| Adjusted EBITDA · Q3-2025 | $124M | -1% y/y |
| Adjusted diluted EPS · Q3-2025 | $1.76 | +7% y/y |
| Free cash flow · Q3-2025 | $108M | +35% y/y |
| Technology & Shopping revenue · Technology & Shopping · Q3-2025 | $85M | -2% y/y |
| Health & Wellness revenue · Health & Wellness · Q3-2025 | $102M | +13% y/y |
| Cybersecurity & Martech revenue · Cybersecurity & Martech · Q3-2025 | $71M | +2% y/y |
Guidance
FY2025 revenue $1.442B-$1.502B; Adjusted EBITDA $505M-$542M; Adjusted diluted EPS $6.64-$7.28
Reaffirmed FY2025 guidance; management expressed confidence in long-term growth.
Risks flagged
Goodwill impairment of $17.6M in Q3 2025 indicates potential asset overvaluation.
“Includes a $17.6 million goodwill impairment recognized in Q3 2025” · word for word
Ziff Davis, Inc. — questions
- What did Ziff Davis, Inc. file recently?
- 18 SEC filings in the last 12 months. Latest: 8-K on 2026-08-07 — Released earnings results and quarterly financials; issued a Regulation FD disclosure (forward guidance or material update)
Every figure on this page comes from Ziff Davis, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.