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Ziff Davis

Ziff Davis (ZD) Q1 2025 Earnings

Reported May 8, 2025 at 2:41 PM ET · SEC Source

Q1 25 EPS

$1.14

MISS 8.55%

Est. $1.25

Q1 25 Revenue

$328.6M

BEAT +1.82%

Est. $322.8M

vs S&P Since Q1 25

+23.7%

BEATING MARKET

ZD +55.8% vs S&P +32.1%

Market Reaction

Did ZD Beat Earnings? Q1 2025 Results

Ziff Davis opened 2025 on a stronger-than-expected footing, with CEO Vivek Shah acknowledging the quarter exceeded internal targets even as the earnings picture remained nuanced. The digital media company posted Q1 2025 revenue of $328.64 million, up… Read more Ziff Davis opened 2025 on a stronger-than-expected footing, with CEO Vivek Shah acknowledging the quarter exceeded internal targets even as the earnings picture remained nuanced. The digital media company posted Q1 2025 revenue of $328.64 million, up 4.5% year-over-year, powered by a 12.3% surge in advertising and performance marketing revenues to $175.00 million, a standout in an environment where revenue consistency has been elusive across tech-adjacent names. Adjusted diluted EPS slipped 10.2% to $1.14 from $1.27 a year ago, reflecting margin pressure as Adjusted EBITDA edged down 0.6% to $100.18 million, with margins contracting to 30.5%. The Technology & Shopping segment led growth at 17.9%, while Cybersecurity & Martech remained a drag, declining 10.8% to $67.31 million. GAAP net income more than doubled to $24.24 million, aided by the absence of prior-year investment losses. Ziff Davis reaffirmed full-year 2025 guidance, targeting revenue of $1.44 billion to $1.50 billion and Adjusted diluted EPS of $6.64 to $7.28, implying roughly 5% midpoint growth across key metrics.

Key Takeaways

  • • Advertising and performance marketing revenue grew 12.3% YoY to $175M
  • • Technology & Shopping segment led growth at 17.9% YoY
  • • Health & Wellness segment revenue grew 7.3% with improved advertising retention rate of 94.9%
  • • GAAP net income benefited from absence of prior-year investment losses and gains from equity method investments
  • • Subscription and licensing revenue declined 2.0% YoY
  • • Organic revenue declined 3% while total revenue grew 4.5%, indicating acquisition contribution
24/7 Wall St

ZD YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

ZD Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q4 25

“We are pleased with our overall first quarter performance, which surpassed our internal targets. The combination of accelerating revenue growth, a healthy M&A cadence, and our active share buyback program has us optimistic about our prospects for the balance of the year.”

— Vivek Shah, Q1 2025 Earnings Press Release

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