Ziff Davis Inc

Ziff Davis turned in a modest miss on both top and bottom lines in Q3 2025, as the digital media company reported adjusted diluted EPS of $1.76 — falling 1.40% short of the $1.785 consensus — while revenue of $363.71 million grew 2.9% year-over-year but trailed estimates by $2.73 million. The headline numbers were held back in part by a $17.58 million goodwill impairment charge in the Cybersecurity & Martech segment and a $17.57 million provision for credit losses on investments, both of which weighed on GAAP results, though the net loss of $3.60 million represented a sharp improvement from the $48.58 million loss a year ago. Segment performance was uneven, with Health & Wellness delivering 12.7% revenue growth to $102.31 million while Technology & Shopping and Gaming & Entertainment both contracted. Analysts have since trimmed their 2026 forecasts, though Ziff Davis reaffirmed full-year 2025 guidance for revenues of $1.44 billion to $1.50 billion and adjusted EPS of $6.64 to $7.28. Perhaps the more consequential disclosure was the company's announcement that it has engaged outside advisors to evaluate strategic alternatives, including the potential sale of entire divisions, following inbound interest from third parties.