ZIFF DAVIS Reports Earnings for FY2023 Q3, Ending September 30 2023
November 21, 2023
🌥️Earnings Overview
On November 9 2023, ZIFF DAVIS ($NASDAQ:ZD) reported their earnings results for the third quarter of FY2023, ending September 30 2023. Total revenue for the period amounted to USD 341.0 million, a slight dip of 0.3% from the same quarter in the previous year. Net income, however, decreased significantly from 18.2 million to USD -31.0 million.
Share Price
On Thursday, ZIFF DAVIS reported its earnings for the third quarter of fiscal year 2023, which ended on September 30, 2023. Despite positive performance in the market, ZIFF DAVIS stock opened at $61.0 but closed at $60.5. This marked a decrease of 0.8% when compared to the previous closing price of $61.0. Despite the slight dip in the overall market performance, the company has seen positive growth in the past few quarters and is looking forward to continuing positive performance in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ziff Davis. More…
| Total Revenues | Net Income | Net Margin |
| 1.37k | 45.53 | 6.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ziff Davis. More…
| Operations | Investing | Financing |
| 271.07 | -125.65 | -115.81 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ziff Davis. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.38k | 1.58k | 39.23 |
Key Ratios Snapshot
Some of the financial key ratios for Ziff Davis are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.3% | -13.8% | 8.3% |
| FCF Margin | ROE | ROA |
| 11.9% | 3.9% | 2.1% |
Analysis
GoodWhale has conducted an analysis of the financials of ZIFF DAVIS. Our analysis finds that ZIFF DAVIS is classified as an ‘elephant’, meaning it is rich in assets after deducting off liabilities. With regard to its profitability, asset, dividend and growth, ZIFF DAVIS falls into the strong, medium and weak categories respectively. We believe that this type of company may be of interest to investors who are looking for a stable and reliable source of income with a high health score of 8/10 with regard to cashflows and debt. The company is capable to sustain future operations in times of crisis, which makes it an attractive prospect for long-term investing. Additionally, the company’s strong profitability speaks to its potential for future growth, which may be appealing to those seeking capital appreciation. More…
Peers
In the world of publishing and media, there is intense competition between companies to maintain the highest levels of quality and profitability. One such company is Ziff Davis Inc, which faces stiff competition from the likes of Salem Media Group Inc, Fame Productions Inc, and PT Media Nusantara Citra Tbk. While each company has its own unique strengths and weaknesses, all are striving to be the best in the business.
– Salem Media Group Inc ($NASDAQ:SALM)
Salem Media Group is a publicly traded radio broadcasting company in the United States. The company owns and operates radio stations in small and mid-sized markets. Salem Media Group also owns and operates Salem Radio Network, a syndicated talk radio service. The company was founded in 1985 and is headquartered in Camarillo, California.
– Fame Productions Inc ($OTCPK:FMPR)
PT Media Nusantara Citra Tbk is one of the largest media companies in Indonesia. The company is involved in the production, distribution, and broadcasting of television programs, movies, and music. The company also owns and operates a number of radio and television stations. PT Media Nusantara Citra Tbk has a market cap of 10.52T as of 2022, a Return on Equity of 12.38%.
Summary
ZIFF DAVIS experienced a decline in revenue compared to the same quarter in the prior year. The company reported a total revenue of USD 341.0 million and a net income of USD -31.0 million. Investors should be aware of the financials of the company before investing, and should consider the potential risks associated with such a drastic drop in net income. Additionally, investors should consider any potential events or changes that may have been the cause of this decline.
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