ZIFF DAVIS Reports Positive Financial Results for FY2022 Fourth Quarter
April 3, 2023
Earnings Overview
ZIFF DAVIS ($NASDAQ:ZD) disclosed their financial outcomes for the fourth quarter of FY2022 on February 16 2023. The quarter concluded on December 31 2022, and the generated revenue amounted to USD 67.5 million, representing a decrease of 81.2% compared to the same period of the prior year. Net income was USD 396.7 million, with a drop of 2.9% from the year before.
Transcripts Simplified
Ziff Davis reported Q4 2022 revenue of $396.7 million, a decline of 2.9% on a year-over-year basis. Adjusted EBITDA was $168.3 million, an increase of 4.1%, while adjusted diluted EPS was $2.26, a 3.7% increase. For fiscal year 2022, total revenue grew 0.6% to $1.391 billion, with adjusted EBITDA growing 4.6% to $507.2 million and adjusted diluted EPS increasing 7.1% to $6.65. Advertising revenue in Q4 2022 declined 8%, negatively impacted by foreign currency markets, while subscription revenue grew 4%, with average quarterly revenue per subscriber of $46.33.
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 |
| 1.39k | 63.74 | 7.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ziff Davis. More…
| Operations | Investing | Financing |
| 336.44 | -220.77 | -140.83 |
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 |
| 3.53k | 1.64k | 40.04 |
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 |
| 0.5% | -6.5% | 11.9% |
| FCF Margin | ROE | ROA |
| 16.6% | 5.6% | 2.9% |
Stock Price
The company’s stocks opened at $84.6 and closed at $82.0, representing a 7.7% drop from the last closing price of 88.9. Despite this decrease, analysts are optimistic about the company’s prospects, citing the strong year-on-year revenue growth reported by ZIFF DAVIS. The company’s success is attributed to their broad portfolio of digital media assets, which includes well-known publications such as PCMag, AskMen, and ExtremeTech. The positive financial report also indicates that the investments made in these assets are beginning to pay off and that the company is well positioned to continue its success in future quarters. Live Quote…
Analysis
At GoodWhale, we’ve analyzed the fundamentals of ZIFF DAVIS and given it a high risk rating. Our analysis has revealed three risk warnings – in the income sheet, balance sheet, and non financial areas. We highly advise investors to register on our website, goodwhale.com, to review these warnings and take caution when investing in ZIFF DAVIS. More…
Peers
In the world of publishing and media, there is intense competition between companies to maintain the highest levels of quality and profitability. One such company is Ziff Davis Inc, which faces stiff competition from the likes of Salem Media Group Inc, Fame Productions Inc, and PT Media Nusantara Citra Tbk. While each company has its own unique strengths and weaknesses, all are striving to be the best in the business.
– Salem Media Group Inc ($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
Investors reacted negatively to the financial results reported by ZIFF DAVIS for the fourth quarter of FY2022, as total revenue decreased 81.2% and net income decreased 2.9% year-over-year. The company’s stock price recorded a sharp decline on February 16 2023, the same day these results were released. Analysts remain cautious on the company’s outlook, citing the poor performance and lack of a clear growth strategy. Investors should closely monitor the company’s progress in the coming quarters to gauge their future prospects.
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