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Ziff Davis Reports 2025 Results, Begins Strategic Review

Story Highlights
  • Ziff Davis posted modest 2025 revenue growth, higher operating income, but lower net income driven by losses on a business sale and an equity investment.
  • Strong cash generation funded acquisitions and large share buybacks as Ziff Davis reviews potential divisional sales and withholds 2026 financial guidance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ziff Davis Reports 2025 Results, Begins Strategic Review

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Ziff Davis ( (ZD) ) has shared an announcement.

Ziff Davis reported unaudited fourth-quarter and full-year 2025 results on February 23, 2026, showing modest full-year revenue growth of 3.5% to $1.45 billion and a 61.1% rise in income from operations, helped by lower goodwill impairment charges versus 2024. However, net income fell to $47.4 million for 2025 and dropped sharply in Q4 due to a $58 million loss on a business sale and losses on an equity method investment, while adjusted metrics were broadly flat, with adjusted EBITDA up 0.3% and adjusted diluted EPS edging to $6.63.

The company generated strong cash flows in 2025, with free cash flow rising to $287.9 million and operating cash flow up 4.3%, and it returned $173.8 million to shareholders through buybacks while spending $68.7 million on acquisitions. Against this backdrop, Ziff Davis has hired outside advisers to evaluate value-creation options including potential divestitures of entire divisions and, citing this ongoing strategic review, has deferred issuing fiscal 2026 guidance, signaling possible portfolio reshaping that could alter its business mix and capital allocation priorities.

The most recent analyst rating on (ZD) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Ziff Davis stock, see the ZD Stock Forecast page.

Spark’s Take on ZD Stock

According to Spark, TipRanks’ AI Analyst, ZD is a Neutral.

Ziff Davis shows a solid financial performance with strong revenue growth and improved profitability, which is the most significant factor. Technical analysis indicates mixed momentum, while valuation suggests reasonable pricing. The earnings call provides a balanced view of growth and challenges, contributing to a moderate overall score.

To see Spark’s full report on ZD stock, click here.

More about Ziff Davis

Ziff Davis, Inc. is a vertically focused digital media and internet company whose portfolio spans technology and shopping, gaming and entertainment, health and wellness, connectivity, cybersecurity, and marketing technology brands. The Nasdaq-listed group monetizes its online properties through advertising, subscriptions, lead generation, and related digital services across these niche verticals.

Average Trading Volume: 584,062

Technical Sentiment Signal: Strong Sell

Current Market Cap: $1.22B

See more insights into ZD stock on TipRanks’ Stock Analysis page.

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