Ziff Davis Files Q3 2024 10-Q

TL;DR

ZIFF DAVIS 10-Q FILED: Q3 2024 financials out. Check preferred stock details.

AI Summary

Ziff Davis, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position. Key financial data points such as common stock and preferred stock values as of September 30, 2024, and December 31, 2023, are presented.

Why It Matters

This filing provides investors with an update on Ziff Davis's financial health and operational performance for the third quarter of 2024, influencing investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Latest financial data available)
• 2023-12-31 — Previous Year End Date (For comparative financial analysis)

Key Players & Entities

• ZIFF DAVIS, INC. (company) — Filer of the 10-Q
• 20240930 (date) — End of the reporting period
• 20241108 (date) — Filing date
• J2 GLOBAL, INC. (company) — Former company name

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value ZD The Nasdaq Stock Market LL

Filing Documents

• zd-20240930.htm (10-Q) — 1558KB
• zd20240930ex-311.htm (EX-31.1) — 11KB
• zd20240930ex-312.htm (EX-31.2) — 11KB
• zd20240930ex-321.htm (EX-32.1) — 5KB
• zd20240930ex-322.htm (EX-32.2) — 5KB
• zd-20240930_g1.jpg (GRAPHIC) — 67KB
• 0001084048-24-000079.txt ( ) — 9025KB
• zd-20240930.xsd (EX-101.SCH) — 50KB
• zd-20240930_cal.xml (EX-101.CAL) — 74KB
• zd-20240930_def.xml (EX-101.DEF) — 360KB
• zd-20240930_lab.xml (EX-101.LAB) — 704KB
• zd-20240930_pre.xml (EX-101.PRE) — 533KB
• zd-20240930_htm.xml (XML) — 1399KB

Financial Statements

Financial Statements Condensed Consolidated Balance Sheets (Unaudited) 3 Condensed Consolidated Statements of Operations (Unaudited) 4 Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) 5 Condensed Consolidated Statements of Cash Flows (Unaudited) 6 Condensed Consolidated Statements of Stockholders' Equity (Unaudited) 7 Notes to Condensed Consolidated Financial Statements (Unaudited) 9 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 45 Item 4.

Controls and Procedures

Controls and Procedures 46 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 47 Item 1A.

Risk Factors

Risk Factors 47 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 47 Item 3. Defaults Upon Senior Securities 47 Item 4. Mine Safety Disclosures 48 Item 5. Other Information 48 Item 6 . Exhibits 48

Signatures

Signatures 49 -2-

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements ZIFF DAVIS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited, in thousands except share and per share data) September 30, 2024 December 31, 2023 ASSETS Cash and cash equivalents $ 386,122 $ 737,612 Short-term investments — 27,109 Accounts receivable, net of allowances of $ 7,352 and $ 6,871 , respectively 470,550 337,703 Prepaid expenses and other current assets 94,345 88,570 Total current assets 951,017 1,190,994 Long-term investments 152,817 140,906 Property and equipment, net of accumulated depreciation of $ 348,322 and $ 327,015 , respectively 197,482 188,169 Intangible assets, net 470,774 325,406 Goodwill 1,572,854 1,546,065 Deferred income taxes 8,622 8,731 Other assets 65,879 70,751 TOTAL ASSETS $ 3,419,445 $ 3,471,022 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable $ 371,498 $ 123,256 Accrued employee related costs 33,829 50,068 Other accrued liabilities 36,557 43,612 Income taxes payable, current 10,470 14,458 Deferred revenue, current 204,029 184,549 Other current liabilities 11,011 15,890 Total current liabilities 667,394 431,833 Long-term debt 863,741 1,001,312 Deferred income taxes 53,577 45,503 Income taxes payable, noncurrent — 8,486 Deferred revenue, noncurrent 7,513 8,169 Other long-term liabilities 74,908 82,721 TOTAL LIABILITIES 1,667,133 1,578,024 Commitments and contingencies (Note 8 ) Preferred stock, $ 0.01 par value. Authorized 1,000,000 and none issued — — Preferred stock - Series A, $ 0.01 par value. Authorized 6,000 ; total issued and outstanding zero — — Preferred stock - Series B, $ 0.01 par value. Authorized 20,000 ; total issued and outstanding zero — — Common stock, $ 0.01 par value. Authorized 95,000,000 ; total issued and outstanding 42,740,848 and 46,078,464 shares at September 30, 2024 and December 31, 2023, respectively 427 461 Additional paid-in capital 480,271 472,201 Retained earnings 1,335,083 1,491,956 Accumulated

View Full Filing

View this 10-Q filing on SEC EDGAR