Quarterly ResultMay 8, 2026, 06:09 AM
Ziff Davis Q1 Revenue $267.6M, Net Loss $(0.8)M; Divests Connectivity
AI Summary
Ziff Davis reported preliminary unaudited financial results for Q1 2026, with revenues decreasing to $267.6 million and a net loss from continuing operations of $(0.8) million. The company is divesting its Connectivity business, which is now classified as discontinued operations. Despite declines in profitability metrics, net cash provided by operating activities increased by 45.3% to $30.0 million. The company also deferred its fiscal 2026 guidance due to ongoing strategic evaluations and completed its Annual Meeting, electing directors and ratifying auditors.
Key Highlights
- Divested Connectivity business, now classified as discontinued operations.
- Q1 2026 Revenues decreased 1.9% to $267.6 million.
- Net loss from continuing operations was $(0.8) million, down 107.9% YoY.
- Adjusted EBITDA decreased 11.2% to $63.4 million.
- Adjusted diluted EPS decreased 5.2% to $0.73.
- Net cash provided by operating activities increased 45.3% to $30.0 million.
- Deployed approximately $51.6 million related to share repurchases in Q1 2026.
- Deferred fiscal 2026 guidance due to ongoing strategic review.