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Mar 31, 2022
Ziff Davis Q1 2022 Earnings Report
Ziff Davis reported strong financial results, demonstrating the strength and quality of its businesses.
Key Takeaways
Ziff Davis reported a 1.1% increase in quarterly revenues to $315.1 million. GAAP net income per diluted share decreased to $0.51, while adjusted non-GAAP net income per diluted share decreased 1.0% to $1.23. The company ended the quarter with approximately $988.7 million in cash, cash equivalents, and investments.
Q1 2022 quarterly revenues increased 1.1% to $315.1 million compared to $311.7 million for Q1 2021.
GAAP net income per diluted share from continuing operations decreased to $0.51 in Q1 2022 compared to $0.83 for Q1 2021.
Adjusted non-GAAP net income per diluted share from continuing operations for the quarter decreased 1.0% to $1.23 as compared to $1.24 for Q1 2021.
Free cash flow from continuing operations was $86.0 million in Q1 2022.
Forward Guidance
The Company reaffirms its guidance for fiscal year 2022 as follows (in millions, except per share data):
Positive Outlook
- Revenue: $1,497-$1,535 million
- Adjusted EBITDA: $538-$555 million
- Adjusted non-GAAP Diluted EPS: $6.52-$6.79
- Non-GAAP effective tax rate for 2022 (exclusive of the release of reserves for uncertain tax positions) will be between 23.5% and 25%.
- Share-based compensation of between $24 million and $28 million
Challenges Ahead
- amortization of acquired intangibles
- impact of any currently unanticipated items
- costs related to acquisitions
- taxation
- variability of these items to have a potentially unpredictable and significant impact on our future non-GAAP financial results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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