Ziff Davis Q3 revenue misses estimates on soft demand across segments

Ziff Davis

05/11/2026 23:08

Overview
US digital media firm's Q3 revenue fell 5.6% yr/yr, missing analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company repurchased $92 mln of shares in Q3, $265 mln year-to-date

Outlook
Company did not provide specific financial guidance for the current or future periods

Result Drivers
SEGMENT REVENUE DECLINES - Co reported lower revenue across Technology & Shopping, Gaming & Entertainment, Health & Wellness, and Cybersecurity & Martech segments
GOODWILL AND ASSET IMPAIRMENTS - Q3 results included $29.6 mln goodwill impairment and $14.6 mln long-lived assets impairment
CHALLENGING OPERATING ENVIRONMENT - CEO cited a challenging operating environment as a factor impacting results

Company press release: ID:nBwb12Hywa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$289.30 mln
$295.32 mln (6 Analysts)
Q3 Adjusted EPS
Beat
$1.39
$1.25 (5 Analysts)
Q3 Adjusted Net Income
Beat
$48.30 mln
$44.21 mln (5 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Ziff Davis Inc is $64.00, about 12.8% above its November 4 closing price of $56.75
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Nov 5 - Shutterstock Q3 revenue falls 33% on weak new customer additions
Nov 3 - UK's Clarivate Q3 revenue falls 9%, misses estimates
Nov 5 - Cardlytics Q3 revenue falls on lower user activity

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)