Q2 26 EPS Adjusted
$1.03
BEAT +23.19%
Est. $0.84
Q2 26 Revenue
$286.7M
BEAT +0.29%
Est. $285.9M
vs S&P Since Q2 26
+0.9%
BEATING MARKET
ZD +0.9% vs S&P 0.0%
Market Reaction
Did ZD Beat Earnings? Q2 2026 Results
Ziff Davis delivered a mixed but broadly resilient second quarter, beating analyst expectations on adjusted earnings even as reported revenue reflected the deliberate reshaping of its business. The company posted adjusted diluted EPS of $1.03, well a… Read more Ziff Davis delivered a mixed but broadly resilient second quarter, beating analyst expectations on adjusted earnings even as reported revenue reflected the deliberate reshaping of its business. The company posted adjusted diluted EPS of $1.03, well ahead of the $0.83 consensus, on revenue of $286.74 million, a decline of 18.6% year over year that analysts had largely anticipated given the reclassification of its divested Connectivity segment as discontinued operations. The $1.22 billion sale of that business, which generated $1.18 billion in cash at closing, dominated the quarter's headline numbers, swinging total net income to $624.46 million once the $676.61 million gain was included, even as continuing operations produced a GAAP net loss of $52.20 million, partly due to a $54.84 million goodwill impairment in the Health and Wellness segment. The divestiture also left Ziff Davis with a dramatically strengthened balance sheet, with cash surging to $1.61 billion, supporting $121.50 million in share repurchases during the quarter, a buyback pace that helped lift adjusted EPS 13.2% despite a modest dip in adjusted net income.
Key Takeaways
- • Adjusted diluted EPS increased 13.2% driven by share count reduction from repurchases
- • Free cash flow from continuing and discontinued operations increased 100.3% year-over-year
- • Advertising and performance marketing revenues declined 6.0% year-over-year
- • Subscription and licensing revenues were roughly flat at approximately $98 million
- • Health & Wellness segment recorded $54.8 million goodwill impairment
- • Operating cash flow from continuing and discontinued operations increased 55.9%
ZD YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
ZD Revenue by Segment
With YoY comparisons, source: SEC Filings
“With the successful sale of our Connectivity business, our significant share repurchases, and our robust free cash flow, Ziff Davis is in a very strong financial position. We are focused on deploying capital strategically to maximize long-term shareholder returns.”
— Vivek Shah, Q2 2026 Earnings Press Release
ZD Earnings Trends
ZD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ZD EPS Trend
Earnings per share: estimate vs actual
ZD Revenue Trend
Quarterly revenue: estimate vs actual
ZD Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.84 | $1.03 | +23.19% | $286.7M | +0.29% |
| Q4 25 MISS FY | $2.70 | $2.56 | -5.13% | $406.7M | -2.38% |
| FY Full Year | $6.85 | $6.63 | -3.22% | $1.45B | -0.68% |
| Q3 25 MISS | $1.79 | $1.76 | -1.40% | $363.7M | -0.74% |
| Q2 25 BEAT | $1.19 | $1.24 | +4.52% | $352.2M | +4.13% |
| Q1 25 MISS | $1.25 | $1.14 | -8.55% | $328.6M | +1.82% |