Ziff Davis Reports Flat Revenues For Q2

Ziff Davis experienced a 1.1% decrease in Q2 revenues to $337.4 million, the company reported on Tuesday. 

In addition, there was a GAAP net loss from continuing operations of $46.4 million, up from $23.0 million in Q2 2021. 

This was mostly due to the company’s investment in Consensus Cloud Solutions, Inc., which was spun off last year. 

Digital media revenue grew by 1.8%. But cybersecurity and martech revenue declined by 9.7% to $79 million. 

Ziff Davis has adjusted its guidance for the year. Originally, it forecast revenue of $1,410 million to $1,435 million. But it now expects $1,497 million to $1,535 million, with a higher EBIDTA of $538 million to $555 million.

Meanwhile, the firm reports total revenue of $652.4 million for the year to date, an 0.1% increase YoY. Digital revenue has hit $493 million for the year to date, a 2.6% hike YoY.   



"We continue to skillfully navigate a difficult and challenging operating environment with a strategy of producing near-term earnings growth while positioning the company for an eventual macro-economic recovery," states Ziff Davis Vivek Shah, 

Shah adds, "At the same time, we continue to strengthen our balance sheet as we seek acquisition opportunities that enhance our businesses and grow and diversify our revenue streams."


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