Ziff Davis, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Ziff Davis, Inc. has filed its annual report for the fiscal year ended December 31, 2023.</b>

AI Summary

ZIFF DAVIS, INC. (ZD) filed a Annual Report (10-K) with the SEC on February 26, 2024. Ziff Davis, Inc. filed its 2023 Form 10-K on February 26, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business address is 114 5th Avenue, New York, NY. Ziff Davis, Inc. was formerly known as J2 Global, Inc. The SIC code for Ziff Davis, Inc. is 4822 (Telegraph & Other Message Communications).

Why It Matters

For investors and stakeholders tracking ZIFF DAVIS, INC., this filing contains several important signals. The 10-K filing provides a comprehensive overview of the company's financial performance, risk factors, and business operations for the past fiscal year. Investors and analysts can use this filing to assess the company's financial health, strategic direction, and potential risks.

Risk Assessment

Risk Level: low — ZIFF DAVIS, INC. shows low risk based on this filing. The filing is a standard annual report (10-K) and does not contain immediate red flags, indicating a routine disclosure of financial and operational information.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-K to understand Ziff Davis's performance and outlook for the upcoming year.

Key Numbers

• 2023-12-31 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
• 2024-02-26 — Filing Date (FILED AS OF DATE)
• 114 5TH AVENUE — Business Street (BUSINESS ADDRESS)
• NEW YORK — Business City (BUSINESS ADDRESS)
• NY — Business State (BUSINESS ADDRESS)
• 10011 — Business Zip (BUSINESS ADDRESS)
• 212-503-3500 — Business Phone (BUSINESS PHONE)
• 000-25965 — SEC File Number (SEC FILE NUMBER)

Key Players & Entities

• ZIFF DAVIS, INC. (company) — FILER
• ZD (company) — tk
• 10-K (filing) — ft
• 2024-02-26T00:00:00.000Z (date) — dt
• J2 GLOBAL, INC. (company) — FORMER COMPANY
• J2 GLOBAL COMMUNICATIONS INC (company) — FORMER COMPANY
• JFAX COM INC (company) — FORMER COMPANY
• 4822 (industry) — STANDARD INDUSTRIAL CLASSIFICATION

FAQ

Industry Context

Ziff Davis, Inc. operates within the Telegraph & Other Message Communications industry.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934.

What Investors Should Do

1. Review Ziff Davis's financial statements for the fiscal year ended December 31, 2023.
2. Analyze the risk factors section to understand potential challenges and uncertainties.
3. Compare the current year's performance with previous years using the historical data provided.

Year-Over-Year Comparison

This is the initial filing of the 2023 Form 10-K, providing the latest annual financial and operational data for Ziff Davis, Inc.

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value ZD Nasdaq Stock Market LLC
• $3.0 billion — gh 2023, we have deployed approximately $3.0 billion on more than 80 acquisitions across the

Filing Documents

• zd-20231231.htm (10-K) — 2668KB
• zd20231231ex-34.htm (EX-3.4) — 128KB
• zd20231231ex-211.htm (EX-21.1) — 25KB
• zd20231231ex-231.htm (EX-23.1) — 3KB
• zd20231231ex-232.htm (EX-23.2) — 3KB
• zd20231231ex-311.htm (EX-31.1) — 11KB
• zd20231231ex-312.htm (EX-31.2) — 11KB
• zd20231231ex-321.htm (EX-32.1) — 13KB
• zd20231231ex-971.htm (EX-97.1) — 27KB
• zd-20231231_g1.jpg (GRAPHIC) — 67KB
• zd-20231231_g2.jpg (GRAPHIC) — 106KB
• 0001084048-24-000013.txt (&nbsp;) — 16443KB
• zd-20231231.xsd (EX-101.SCH) — 93KB
• zd-20231231_cal.xml (EX-101.CAL) — 152KB
• zd-20231231_def.xml (EX-101.DEF) — 670KB
• zd-20231231_lab.xml (EX-101.LAB) — 1312KB
• zd-20231231_pre.xml (EX-101.PRE) — 980KB
• zd-20231231_htm.xml (XML) — 2534KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 13 Item 1B. Unresolved Staff Comments 37

C

Item 1 C . Cybersecurity 37 Item 2.

Properties

Properties 38 Item 3.

Legal Proceedings

Legal Proceedings 38 Item 4. Mine Safety Disclosures 38 PART II. Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 39 Item 6. [Reserved] 42 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 42 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 55 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 57 Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 113 Item 9A.

Controls and Procedures

Controls and Procedures 113 Item 9B. Other Information 115 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 115 PART III. Item 10. Directors, Executive Officers and Corporate Governance 115 Item 11.

Executive Compensation

Executive Compensation 115 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 115 Item 13. Certain Relationships and Related Transactions, and Director Independence 115 Item 14. Principal Accounting Fees and Services 115 PART IV. Item 15. Exhibits and Financial Statement Schedules 115 Item 16. Form 10-K Summary 118 -2- Cautionary Note on Forward-Looking Information This Annual Report on Form 10-K contains "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements appear throughout this report, including without limitation, in the following sections: Part I, Item 1 "Business"; Part I, Item 1A "Risk Factors"; and Part II, Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations". These forward-looking statements include, but are not limited to, statements concerning our strategy, prospects and plans, objectives of management, competition, future mergers, acquisitions, and divestitures and related strategy, future financial position and liquidity, future revenues, projected costs, profitability, capital adequacy, expectations regarding demand and acceptance for our technologies, our human capital strategies and priorities, and growth opportunities and trends in the markets in which we operate. Forward-looking statements generally can be identified by words such as "anticipates", "believes", "estimates", "expects", "intends", "plans", "predicts", "projects", "will be", "will continue", "may", "could", "should", "will likely result", and similar expressions. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause our actual results to differ materially from those reflected in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in this Annual Repor

Business

Item 1. Business Overview Ziff Davis, Inc., together with its subsidiaries ("Ziff Davis", the "Company", "our", "us", or "we"), is a vertically focused digital media and internet company whose portfolio includes leading brands in technology, shopping, gaming and entertainment, connectivity, health, cybersecurity, and martech. Our Digital Media business specializes in the technology, shopping, gaming and entertainment, connectivity, and healthcare markets, offering content, tools, and services to consumers and businesses. Our Cybersecurity and Martech business provides cloud-based subscription services to consumers and businesses including cybersecurity, privacy, and marketing technology. Our Digital Media business generates revenues from advertising and sponsorships, subscriptions, performance marketing, and licensing fees. This business also generates revenues from the sale of display and video advertising; customer clicks to online merchants, and commissions on sales attributed to clicks to online merchants; the sale of content, including advertising, data, and lead generation information to clients; and the sale of subscription services to consumers and businesses. Our Cybersecurity and Martech business generates revenues primarily from customer subscription and usage fees. Our consolidated revenues are currently generated primarily from two basic business models, each with a different financial profile and variability. Our Digital Media business is driven primarily by advertising revenues, has relatively higher sales and marketing expenses, and has seasonal strength in the fourth quarter. Our Cybersecurity and Martech business is driven by subscription revenues (including usage fees), with relatively stable and predictable margins from quarter to quarter. We continue to pursue additional acquisitions, which may include companies operating under business models that differ from those we operate under today. Such acquisitions could impact our consolidated profi

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