ZIFF DAVIS, INC.

Ziff Davis, Inc. has completed the sale of its Connectivity division to Accenture Inc. for an aggregate purchase price of $1.2 billion in cash. The transaction, initially announced on March 2, 2026, closed on June 17, 2026. A consent agreement was secured on June 15, 2026, from lenders to permit the sale under the company's existing credit agreement. The company will file pro forma financial information related to this divestment in a subsequent amendment.

Ziff Davis, Inc. announced its participation in the J.P. Morgan 54th Annual Global Technology, Media and Communications Conference on May 18, 2026. The company will present at this industry event, which will be accessible to the public via a webcast.

Ziff Davis has entered into a definitive agreement to sell its Connectivity business to Accenture Inc. for $1.2 billion in cash, a strategic move to maximize shareholder value. The company reported a net loss from continuing operations of $0.775 million for the first quarter of 2026, a decrease from a net income of $9.812 million in the prior year period. However, net income from discontinued operations, primarily the Connectivity business, significantly increased to $23.036 million. The proceeds from the sale are intended for general corporate purposes and capital allocation activities.

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.