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Sep 30, 2022
Ziff Davis Q3 2022 Earnings Report
Ziff Davis reported a revenue decrease of 3.7% and an increase in GAAP net income from continuing operations.
Key Takeaways
Ziff Davis reported Q3 2022 results with a revenue of $341.9 million, a decrease of 3.7% compared to Q3 2021. GAAP net income increased to $18.2 million. The company revised its full year 2022 guidance for revenue, Adjusted EBITDA and Adjusted non-GAAP diluted EPS.
Q3 2022 quarterly revenues decreased 3.7% to $341.9 million compared to $355.1 million for Q3 2021.
GAAP net income from continuing operations increased to $18.2 million compared to $6.8 million for Q3 2021.
Adjusted non-GAAP net income from continuing operations increased by 6.0% to $74.3 million as compared to $70.1 million for Q3 2021.
Adjusted EBITDA for the quarter increased 0.3% to $120.1 million compared to $119.7 million for Q3 2021.
Ziff Davis
Ziff Davis
Forward Guidance
The Company is revising its guidance for Revenue, Adjusted EBITDA and Adjusted non-GAAP diluted EPS for the fiscal year 2022.