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Dec 31, 2023
Ziff Davis Q4 2023 Earnings Report
Ziff Davis's financial performance decreased slightly due to various factors, including revenue decline and increased operating costs.
Key Takeaways
Ziff Davis reported a slight decrease in quarterly revenues, a decrease in income from operations, and a decrease in net income. However, adjusted net income from continuing operations increased slightly, and free cash flow saw a significant increase.
Q4 2023 revenues decreased by 1.7% to $389.9 million compared to Q4 2022.
Income from operations decreased by 13.6% to $80.7 million compared to Q4 2022.
Net income decreased by 6.1% to $63.4 million compared to Q4 2022.
Free cash flow was $65.9 million in Q4 2023, a significant increase compared to $17.8 million in Q4 2022.
Revenue by Segment
Forward Guidance
The Company’s full year 2024 outlook is as follows (in millions, except per share data):
Positive Outlook
- Revenue: $1,411.0 - $1,471.0
- Adjusted EBITDA: $500.0 - $521.0
- Adjusted diluted EPS*: $6.43 - $6.77
- Revenue Growth: 3.4 % - 7.8 %
- Adjusted EBITDA Growth: 3.7 % - 8.0 %
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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