Ziff Davis Reports Revenue Growth and Improved Cash Flow in 2025 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
0mins
Should l Buy ZD?
Source: Businesswire
- Revenue Growth: Ziff Davis reported total revenues of $1.451 billion for 2025, reflecting a 3.5% increase year-over-year, with the Health & Wellness segment leading the charge, growing 11% to $402 million, indicating strong market demand in this sector.
- Improved Free Cash Flow: The company generated $287.9 million in free cash flow in 2025, a 1.5% increase from 2024, demonstrating ongoing improvements in operational efficiency and capital management, which enhances financial flexibility.
- Stock Buyback Program: Ziff Davis repurchased $174 million in shares during 2025, showcasing management's confidence in the intrinsic value of the company while providing additional returns to shareholders, thereby increasing market attractiveness for its stock.
- Uncertain Future Outlook: Despite strong performance in 2025, the company has deferred its fiscal 2026 guidance as it evaluates potential value-creating opportunities, including the possible sale of certain business units, which may affect investor expectations for future growth.
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Analyst Views on ZD
Wall Street analysts forecast ZD stock price to fall
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 42.210
Low
34.00
Averages
39.25
High
50.00
Current: 42.210
Low
34.00
Averages
39.25
High
50.00
About ZD
Ziff Davis, Inc. is a vertically focused digital media and Internet company. Its Technology & Shopping segment includes advertising on publishing platforms and commerce sites and publishing of specialized technology-based content and provision of authoritative content relating to products, services, shopping and savings. Its Gaming & Entertainment segment provides authoritative content relating to video games and entertainment Website. Health & Wellness segment includes a collection of interactive tools and mobile applications that are designed to enable consumers to manage a broad array of health and wellness needs on a daily basis. Connectivity segment includes several data and services businesses that sit at the center of the broadband economy and are sources of information on Internet connectivity and network performance. Cybersecurity & Martech segment offers cloud-based Software-as-a-Service offerings for various communication, customer marketing, and other needs of end-users.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ziff Davis Under Investigation for Possible Securities Law Violations
- Investigation Launched: Levi & Korsinsky has initiated an investigation into Ziff Davis, Inc. for potential violations of federal securities laws, highlighting investor concerns regarding the company's financial transparency.
- Financial Performance Discrepancy: In Q2 2025, Ziff Davis CFO reported an adjusted diluted EPS of $1.24, which appeared strong; however, significant discrepancies with GAAP results indicate a troubling financial health that investors may overlook.
- Revenue Decline: In Q4 2025, Ziff Davis reported a 1.5% year-over-year revenue decline to $406.7 million, with adjusted EPS missing both market consensus and internal projections, leading to a double-digit stock drop in a single session.
- Investor Confidence Eroded: The inconsistencies in the company's financial reporting have undermined investor confidence in Ziff Davis, potentially impacting its future financing and market performance.
See More
Ziff Davis Faces Investigation After Q4 2025 Earnings Miss
- Earnings Miss: Ziff Davis reported a 1.5% year-over-year revenue decline in Q4 2025, contradicting management's previous assurances of mid-single-digit growth, resulting in a stock price drop of over 10%, significantly impacting investor confidence.
- Management Assurances: During the Q2 2025 earnings call, CEO Vivek Shah indicated expectations for mid-single-digit growth in Q3 and Q4, reaffirming the fiscal year 2025 guidance range, which demonstrated confidence in future performance.
- Earnings Expectations Not Met: Adjusted diluted earnings per share came in at $2.56, below the consensus estimate of $2.70, reflecting a significant misstep in revenue growth that may lead to decreased trust in management.
- Legal Investigation: Levi & Korsinsky, LLP is investigating whether Ziff Davis misled investors, encouraging those who suffered losses during this period to submit their information for legal support, highlighting concerns over corporate governance and transparency.
See More
Ziff Davis Faces Investigation After Q4 2025 Earnings Miss
- Earnings Miss: Ziff Davis reported a 1.5% year-over-year revenue decline in Q4 2025, contradicting management's previous assurances of mid-single-digit growth, resulting in over a 10% loss in shareholder value, highlighting a significant operational failure.
- Management Confidence Eroded: CEO Vivek Shah expressed confidence in revenue growth during the Q2 2025 earnings call, yet the actual results fell short of expectations, indicating a potential misjudgment of market conditions that could undermine future investor confidence.
- Profit Expectations Not Met: Adjusted diluted earnings per share came in at $2.56, below the consensus estimate of $2.70, reflecting a decline in the company's profitability and potentially exacerbating investor concerns regarding future financial performance.
- Legal Investigation Initiated: Levi & Korsinsky, LLP is investigating whether Ziff Davis management misled investors, and if confirmed, this could lead to broader legal liabilities and shareholder lawsuits, further impacting the company's reputation and stock price.
See More
Overview of 13D Filings
- Definition of 13D Filings: 13D filings are disclosures required to be submitted to the Securities and Exchange Commission within 10 days when an entity acquires more than 5% of any class of a company's securities, aimed at enhancing market transparency.
- Purpose of Disclosure: The primary purpose of these filings is to inform investors about changes in shareholding, which can influence market perceptions and investment decisions, thereby promoting information symmetry.
- Regulatory Requirements: Under securities law, investors holding more than 5% must promptly disclose their holdings to prevent insider trading and market manipulation, ensuring a fair trading environment.
- Market Impact: The release of 13D filings typically attracts market attention and may lead to stock price fluctuations for the affected companies, prompting investors to closely monitor these disclosures to make informed investment decisions.
See More
Investigation into Ziff Davis Financial Metrics Following Stock Decline
- Financial Performance Investigation: Levi & Korsinsky, LLP is investigating whether Ziff Davis presented misleading financial metrics prior to its Q4 2025 earnings report, which led to a misunderstanding of the company's actual performance and a subsequent stock decline of over 10%.
- Underperformance Against Expectations: Ziff Davis reported adjusted EBITDA of $495.1 million and adjusted diluted EPS of $6.63, both falling below the lower end of the company's projections, indicating potential issues with the company's financial health.
- Quarterly Report Impact: The Q4 2025 earnings report revealed a 1.5% year-over-year revenue decline to $406.7 million, with adjusted EPS missing both market consensus and internal projections, resulting in a significant single-day stock drop.
- Investor Rights Protection: Affected Ziff Davis shareholders are encouraged to submit their information to understand their legal rights, highlighting potential deficiencies in the company's transparency and financial reporting that could impact future investor confidence.
See More
Spring Savecation Launches with Unmissable Travel Deals
- Event Duration and Brands: From March 5 to 9, 2026, RetailMeNot kicks off its fourth annual Spring Savecation, featuring top brands like Expedia, Gap, and Samsonite, aimed at providing comprehensive discounts and cash back for travelers.
- Guaranteed Cash Back Program: The newly introduced Guaranteed Cash Back program spans over 4,000 retailers, ensuring consumers receive dependable cash back on top of promo codes and discounts, thereby enhancing shopping confidence.
- Specific Deal Highlights: Participating brands such as Expedia offer 10% cash back sitewide and 8% off hotels, while Puma provides up to 16% cash back, significantly boosting consumer purchasing intent and travel budgets.
- Convenient Access Methods: Consumers can easily access Spring Savecation deals through the RetailMeNot website, mobile app, or browser extension, further streamlining the shopping process and enhancing user experience.
See More
Ziff Davis Under Investigation for Possible Securities Law Violations
- Investigation Launched: Levi & Korsinsky has initiated an investigation into Ziff Davis, Inc. for potential violations of federal securities laws, highlighting investor concerns regarding the company's financial transparency.
- Financial Performance Discrepancy: In Q2 2025, Ziff Davis CFO reported an adjusted diluted EPS of $1.24, which appeared strong; however, significant discrepancies with GAAP results indicate a troubling financial health that investors may overlook.
- Revenue Decline: In Q4 2025, Ziff Davis reported a 1.5% year-over-year revenue decline to $406.7 million, with adjusted EPS missing both market consensus and internal projections, leading to a double-digit stock drop in a single session.
- Investor Confidence Eroded: The inconsistencies in the company's financial reporting have undermined investor confidence in Ziff Davis, potentially impacting its future financing and market performance.
See More
Ziff Davis Faces Investigation After Q4 2025 Earnings Miss
- Earnings Miss: Ziff Davis reported a 1.5% year-over-year revenue decline in Q4 2025, contradicting management's previous assurances of mid-single-digit growth, resulting in a stock price drop of over 10%, significantly impacting investor confidence.
- Management Assurances: During the Q2 2025 earnings call, CEO Vivek Shah indicated expectations for mid-single-digit growth in Q3 and Q4, reaffirming the fiscal year 2025 guidance range, which demonstrated confidence in future performance.
- Earnings Expectations Not Met: Adjusted diluted earnings per share came in at $2.56, below the consensus estimate of $2.70, reflecting a significant misstep in revenue growth that may lead to decreased trust in management.
- Legal Investigation: Levi & Korsinsky, LLP is investigating whether Ziff Davis misled investors, encouraging those who suffered losses during this period to submit their information for legal support, highlighting concerns over corporate governance and transparency.
See More
Ziff Davis Faces Investigation After Q4 2025 Earnings Miss
- Earnings Miss: Ziff Davis reported a 1.5% year-over-year revenue decline in Q4 2025, contradicting management's previous assurances of mid-single-digit growth, resulting in over a 10% loss in shareholder value, highlighting a significant operational failure.
- Management Confidence Eroded: CEO Vivek Shah expressed confidence in revenue growth during the Q2 2025 earnings call, yet the actual results fell short of expectations, indicating a potential misjudgment of market conditions that could undermine future investor confidence.
- Profit Expectations Not Met: Adjusted diluted earnings per share came in at $2.56, below the consensus estimate of $2.70, reflecting a decline in the company's profitability and potentially exacerbating investor concerns regarding future financial performance.
- Legal Investigation Initiated: Levi & Korsinsky, LLP is investigating whether Ziff Davis management misled investors, and if confirmed, this could lead to broader legal liabilities and shareholder lawsuits, further impacting the company's reputation and stock price.
See More
Overview of 13D Filings
- Definition of 13D Filings: 13D filings are disclosures required to be submitted to the Securities and Exchange Commission within 10 days when an entity acquires more than 5% of any class of a company's securities, aimed at enhancing market transparency.
- Purpose of Disclosure: The primary purpose of these filings is to inform investors about changes in shareholding, which can influence market perceptions and investment decisions, thereby promoting information symmetry.
- Regulatory Requirements: Under securities law, investors holding more than 5% must promptly disclose their holdings to prevent insider trading and market manipulation, ensuring a fair trading environment.
- Market Impact: The release of 13D filings typically attracts market attention and may lead to stock price fluctuations for the affected companies, prompting investors to closely monitor these disclosures to make informed investment decisions.
See More
Investigation into Ziff Davis Financial Metrics Following Stock Decline
- Financial Performance Investigation: Levi & Korsinsky, LLP is investigating whether Ziff Davis presented misleading financial metrics prior to its Q4 2025 earnings report, which led to a misunderstanding of the company's actual performance and a subsequent stock decline of over 10%.
- Underperformance Against Expectations: Ziff Davis reported adjusted EBITDA of $495.1 million and adjusted diluted EPS of $6.63, both falling below the lower end of the company's projections, indicating potential issues with the company's financial health.
- Quarterly Report Impact: The Q4 2025 earnings report revealed a 1.5% year-over-year revenue decline to $406.7 million, with adjusted EPS missing both market consensus and internal projections, resulting in a significant single-day stock drop.
- Investor Rights Protection: Affected Ziff Davis shareholders are encouraged to submit their information to understand their legal rights, highlighting potential deficiencies in the company's transparency and financial reporting that could impact future investor confidence.
See More
Spring Savecation Launches with Unmissable Travel Deals
- Event Duration and Brands: From March 5 to 9, 2026, RetailMeNot kicks off its fourth annual Spring Savecation, featuring top brands like Expedia, Gap, and Samsonite, aimed at providing comprehensive discounts and cash back for travelers.
- Guaranteed Cash Back Program: The newly introduced Guaranteed Cash Back program spans over 4,000 retailers, ensuring consumers receive dependable cash back on top of promo codes and discounts, thereby enhancing shopping confidence.
- Specific Deal Highlights: Participating brands such as Expedia offer 10% cash back sitewide and 8% off hotels, while Puma provides up to 16% cash back, significantly boosting consumer purchasing intent and travel budgets.
- Convenient Access Methods: Consumers can easily access Spring Savecation deals through the RetailMeNot website, mobile app, or browser extension, further streamlining the shopping process and enhancing user experience.
See More
