Ziff Davis Inc

Latest Results (23.05.2026):

Ziff Davis, Inc. reported results for the first quarter of 2026 (Q1 2026). Total revenues from continuing operations were $267.6 million (down 1.9% year-over-year). GAAP operating income from continuing operations fell to $2.9 million and the company reported a net loss from continuing operations of $0.8 million (‑$0.02 diluted EPS). Key non‑GAAP results: Adjusted EBITDA was $63.4 million and adjusted net income was $27.5 million (adjusted diluted EPS $0.73). The company announced a definitive agreement to sell its Connectivity business (classified as discontinued operations) and deferred fiscal 2026 guidance while it pursues value-creating opportunities; Q1 operating cash flow improved to $30.0 million and the company repurchased approximately $51.6 million of shares in the quarter.

Top-line and GAAP profitability

Total revenues (continuing operations) were $267.6M in Q1 2026 vs. $272.8M in Q1 2025. Operating income from continuing operations declined to $2.9M (margin 1.1%) from $14.5M (5.3%) a year earlier. Net (loss) income from continuing operations was $(0.8)M, or $(0.02) diluted, versus $9.8M ($0.23) in Q1 2025.

Non-GAAP results

Adjusted EBITDA from continuing operations was $63.4M (down 11.2% YoY) with an Adjusted EBITDA margin of 23.7% (vs. 26.2% prior year). Adjusted net income was $27.5M and adjusted diluted EPS was $0.73 (down slightly from $0.77 in Q1 2025).

Segment performance

Revenue by continuing segment in Q1 2026: Technology & Shopping $71.1M (‑12.9% YoY), Gaming & Entertainment $40.8M (+7.2%), Health & Wellness $85.9M (+0.2%), Cybersecurity & Martech $69.8M (+3.6%). Operating results showed a Technology & Shopping operating loss (~$6.5M) while Cybersecurity & Martech and Health & Wellness delivered the largest positive operating contributions.

Cash flow and capital deployment

Net cash provided by operating activities (continuing + discontinued) rose 45.3% to $30.0M. Free cash flow (continuing + discontinued) improved to a negative $3.2M from negative $5.0M a year earlier. The company repurchased approximately $51.6M of common stock in Q1 2026.

Connectivity divestiture and reporting changes

Ziff Davis entered into a definitive agreement to sell its Connectivity business in Q1 2026. Connectivity is classified as discontinued operations for all periods presented and is no longer a reportable segment; the business will be operated in the ordinary course until closing.

Balance sheet and working capital notes

As of March 31, 2026, continuing-operations cash and cash equivalents were $519.7M. Accounts receivable (net) decreased materially to $397.5M from $623.4M at year-end 2025; total current liabilities declined versus December 31, 2025.

Guidance and next steps

Ziff Davis has deferred fiscal 2026 guidance while it continues to evaluate strategic options and complete the Connectivity sale; management is engaging advisors and exploring additional value-creating transactions.

Investor event

The company hosted an earnings webcast and conference call on May 8, 2026; replay and presentation materials are available on www.ziffdavis.com.