Ziff Davis, Inc. (ZD)

Ziff Davis Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,379	1,364	1,391	1,417	1,159	1,050
Revenue Growth (YoY)	0.58%	-1.94%	-1.82%	22.25%	10.32%	-12.99%
Cost of Revenue	201.52	197.29	195.55	188.05	178.4	187.33
Gross Profit	1,177	1,167	1,195	1,229	980.43	863.13
Selling, General & Admin	910.96	908.62	897.62	951.05	779.32	723.94
Research & Development	65.36	68.86	74.09	78.87	57.15	44.65
Operating Expenses	976.32	977.48	971.71	1,030	836.47	768.59
Operating Income	200.92	189.26	223.74	198.75	143.96	94.54
Interest Expense	-9.85	-20.03	-33.84	-72.02	-56.19	-26.89
Earnings From Equity Investments	8.43	-9.33	-7.73	35.85	-11.34	-0.17
Currency Exchange Gain (Loss)	-6	-3.9	8.2	2	-3.1	-2.6
Other Non Operating Income (Expenses)	5.04	-5.57	0.24	-0.71	3.17	0.3
EBT Excluding Unusual Items	198.55	150.43	190.6	163.86	76.5	65.18
Impairment of Goodwill	-85.27	-56.85	-27.37	-32.63	-	-
Gain (Loss) on Sale of Investments	-6.59	-28.14	-53.89	281.81	-20.99	-4.21
Gain (Loss) on Sale of Assets	-3.78	-	-	-21.8	17.12	-
Asset Writedown	-	-	-	-	-3.6	-
Other Unusual Items	0.2	0.2	14.08	-4.05	-2.02	-6.32
Pretax Income	103.1	65.65	123.42	387.2	67.01	54.65
Income Tax Expense	40.72	24.14	57.96	-14.2	38.35	13.76
Earnings From Continuing Operations	62.38	41.5	65.47	401.4	28.66	40.89
Earnings From Discontinued Operations	-	-	-1.71	95.32	122.01	177.91
Net Income	62.38	41.5	63.76	496.71	150.67	218.81
Preferred Dividends & Other Adjustments	0	0	0.02	0.33	0.12	0.38
Net Income to Common	62.38	41.5	63.74	496.39	150.55	218.43
Net Income Growth	36.95%	-34.90%	-87.16%	229.67%	-31.14%	70.03%
Shares Outstanding (Basic)	45	46	47	46	46	48
Shares Outstanding (Diluted)	45	46	47	48	47	49
Shares Change (YoY)	-3.08%	-1.19%	-1.75%	1.59%	-3.90%	0.20%
EPS (Basic)	1.38	0.89	1.36	10.82	3.25	4.58
EPS (Diluted)	1.38	0.89	1.35	10.37	3.20	4.46
EPS Growth	41.38%	-34.25%	-86.95%	224.16%	-28.24%	72.16%
Free Cash Flow	218.47	211.23	230.29	402.8	387.53	341.95
Free Cash Flow Per Share	4.82	4.55	4.90	8.42	8.23	6.97
Dividend Per Share	-	-	-	-	-	0.900
Dividend Growth	-	-	-	-	-	-46.43%
Gross Margin	85.38%	85.54%	85.94%	86.73%	84.60%	82.17%
Operating Margin	14.57%	13.88%	16.08%	14.03%	12.42%	9.00%
Profit Margin	4.52%	3.04%	4.58%	35.04%	12.99%	20.79%
Free Cash Flow Margin	15.85%	15.49%	16.56%	28.43%	33.44%	32.55%
EBITDA	422.5	426.23	457.14	448.04	349.94	316.3
EBITDA Margin	30.64%	31.25%	32.86%	31.62%	30.20%	30.11%
D&A For EBITDA	221.58	236.97	233.4	249.29	205.98	221.76
EBIT	200.92	189.26	223.74	198.75	143.96	94.54
EBIT Margin	14.57%	13.88%	16.08%	14.03%	12.42%	9.00%
Effective Tax Rate	39.50%	36.78%	46.96%	-	57.23%	25.18%
Advertising Expenses	-	120.8	128.8	143.5	96	115.7

Source: S&P Capital IQ. Standard template. Financial Sources.