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Jun 30, 2024
Ziff Davis Q2 2024 Earnings Report
Ziff Davis's financial performance declined slightly due to acquisition activity.
Key Takeaways
Ziff Davis reported a slight decrease in quarterly revenues and operating income, but an increase in net income. The company reaffirms its guidance for fiscal year 2024.
Q2 2024 quarterly revenues decreased 1.6% to $320.8 million.
Income from operations decreased 26.5% to $28.6 million.
Net income increased to $36.9 million.
Free cash flow was $25.1 million.
Revenue by Segment
Forward Guidance
The Company reaffirms its guidance for fiscal year 2024.
Positive Outlook
- Revenue between $1,411.0 million and $1,471.0 million
- Adjusted EBITDA between $500.0 million and $521.0 million
- Adjusted diluted EPS between $6.43 and $6.77
- Adjusted diluted EPS excludes amortization of acquired intangibles and the impact of any currently unanticipated items, in each case net of tax.
- Adjusted effective tax rate for 2024 will be between 23.25% and 25.25%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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