M&A - ZIFF DAVIS, INC.

Form Type: 10-Q

Filing Date: 2025-05-09

Corporate Action: Acquisition

Type: Update

Accession Number: 000108404825000044

Filing Summary: For the quarterly period ended March 31, 2025, Ziff Davis, Inc. reported a net income of $24.239 million, up from $10.627 million in the previous year. Total revenues grew to $328.636 million, marking an increase from $314.485 million compared to the same quarter in 2024. The operational expenses were reported to be $293.506 million, including direct costs of $47.208 million and sales and marketing expenses totaling $127.680 million. The company also incurred an interest expense of $6.131 million. Notable transactions in the quarter included provisions for lost investments and losses from the sale of businesses, indicating continued strategic acquisitions and divestitures. The balance sheet reflects total assets of $3.515 billion and a total stockholders’ equity of $1.821 billion. The cash and cash equivalents at the end of the period were $431.007 million, down from $505.880 million at the beginning of the period. There were 42,087,573 shares outstanding as of May 5, 2025, with substantial efforts ongoing in managing acquisitions to enhance market presence in the technology and shopping sectors.