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Mar 31, 2023
Ziff Davis Q1 2023 Earnings Report
Ziff Davis's financial performance saw a revenue decrease, a net loss, and reaffirmed guidance for 2023.
Key Takeaways
Ziff Davis reported a slight decrease in revenue for Q1 2023, alongside a decrease in income from operations and a net loss, primarily due to unrealized losses from equity securities. However, the company reaffirmed its financial guidance for fiscal year 2023.
Q1 2023 revenues decreased by 2.5% to $307.1 million compared to Q1 2022.
Net loss decreased to $(7.6) million compared to net income of $24.5 million for Q1 2022.
Adjusted EBITDA decreased by 6.4% to $94.3 million compared to Q1 2022.
The company reaffirmed its guidance for fiscal year 2023 with revenue between $1,350.0 million and $1,408.0 million.
Ziff Davis
Ziff Davis
Forward Guidance
Ziff Davis reaffirms its guidance for fiscal year 2023, estimating revenue between $1,350.0 million and $1,408.0 million and Adjusted diluted EPS between $6.02 and $6.54.