Ziff Davis reported a 3.7% increase in revenue to $353.6 million for Q3 2024, with adjusted EBITDA up 9.6% to $124.7 million. However, the company experienced a net loss of $48.6 million, primarily due to an $85.3 million goodwill impairment. The company reaffirms its guidance for fiscal year 2024.
Q3 2024 revenues increased by 3.7% year-over-year to $353.6 million.
Adjusted EBITDA for Q3 2024 increased by 9.6% year-over-year to $124.7 million.
Net loss for Q3 2024 was $48.6 million, impacted by an $85.3 million goodwill impairment.
Free cash flow for Q3 2024 was $80.1 million, compared to $45.6 million in Q3 2023.
The Company reaffirms its guidance for fiscal year 2024.
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