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Ziff Davis, Inc. (ZD)
NASDAQ:ZD
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.14Last Year’s EPS
1.14Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mixed but overall constructive picture: management reported modest full-year revenue growth (3.5%), solid adjusted EBITDA and robust free cash flow generation, a strong balance sheet and active share repurchases, and notable strength across several segments (Health & Wellness, Connectivity, DTC and Cybersecurity). However, material near-term headwinds remain in the Tech & Shopping segment driven by an 18% Q4 decline and a $25M YoY drop in affiliate commerce, along with short-term guidance deferral and AI licensing uncertainty. Management expects the Tech & Shopping pain to moderate in H2 2026 and reiterated confidence in profitable growth, margin stability (~34%) and continued M&A activity.Company Guidance
Full-Year Revenue and Adjusted EBITDA Growth
Fiscal year 2025 total revenue grew 3.5% to $1,451.3 (as reported) and adjusted EBITDA increased to $495.1 million, with a full-year adjusted EBITDA margin of 34.1%.
Strong Free Cash Flow Generation
2025 free cash flow was $287.9 million (described as almost $290M); Q4 2025 free cash flow was $157.8 million, up from $131.1 million in Q4 2024. Free cash flow represented 58.1% of 2025 adjusted EBITDA.
Robust Balance Sheet and Low Leverage
Year-end cash and cash equivalents were $607 million with $93 million in long-term investments. Gross leverage was 1.8x trailing 12-month adjusted EBITDA and net leverage was 0.5x (0.3x including investments).
Active Capital Return Program
Deployed $174 million (~60% of free cash flow) to repurchase ~4.8 million shares in 2025 (reducing shares outstanding by >10% in 2025 and >18% since end of 2022). Q4 buyback: 1.75 million shares for $60.6 million; board increased repurchase authorization by 10 million shares to 10.7 million.
Segment-Level Strength — Health & Wellness
Health & Wellness delivered a record year for revenue and adjusted EBITDA and grew Q4 year-over-year revenues 8.6%. Halo AI-powered data activation is now standard in pharma RFPs and contributed to performance gains; consumer subscriptions (Lose It!) and pharma ad spend were drivers.
Segment-Level Strength — Connectivity
Connectivity delivered a record fourth quarter with revenues up 11% YoY. New product launches (Speedtest Pulse handheld diagnostic device and Speedtest Certified verification program) position the segment for meaningful growth in 2026 and management expects continued double-digit revenue growth in Connectivity.
Digital Engagement and Direct-to-Consumer Momentum
CNET Group video and social views grew ~100% in Q4 and over 80% for full-year to 1 billion views. IGN Facebook views rose 22% to 300 million and X views increased 19% to 45 million. IGN Store sales tripled. Humble Bundle had its best revenue quarter in 5 years; DTC revenues reached almost $90 million in 2025.
Gaming & Entertainment and Cybersecurity Resilience
Gaming & Entertainment revenue grew 1.5% in Q4 (consistent with full-year growth) and Cybersecurity & Martech revenues grew 2.7% in Q4, with consumer VPN and cloud backup performing well and new product enhancements (threat protection, VIPRE email security).
Disciplined M&A Activity
Closed 7 acquisitions in 2025, investing $68.7 million net of cash received; management expects to remain an active and disciplined acquirer in 2026 given attractive market valuations and strong cash generation.
ZD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ZD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 23, 2026 | $29.55 | $26.51 | -10.29% |
Nov 06, 2025 | $32.65 | $32.59 | -0.18% |
Aug 06, 2025 | $30.99 | $37.69 | +21.62% |
May 08, 2025 | $32.38 | $30.91 | -4.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ziff Davis, Inc. (ZD) report earnings?
Ziff Davis, Inc. (ZD) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Ziff Davis, Inc. (ZD) earnings time?
Ziff Davis, Inc. (ZD) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ZD EPS forecast?
ZD EPS forecast for the fiscal quarter 2026 (Q1) is 1.14.