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NEW YORK, August 06, 2026--(BUSINESS WIRE)--Ziff Davis, Inc. (NASDAQ: ZD) ("Ziff Davis" or "the Company") today reported unaudited financial results for the second quarter ended June 30, 2026.

"With the successful sale of our Connectivity business, our significant share repurchases, and our robust free cash flow, Ziff Davis is in a very strong financial position," said Vivek Shah, CEO of Ziff Davis. "We are focused on deploying capital strategically to maximize long-term shareholder returns."

SECOND QUARTER 2026 RESULTS

During the second quarter of 2026, the Company completed the sale of its Connectivity business. The results of the Connectivity business are classified as discontinued operations for all periods presented in this press release. Unless otherwise noted, all amounts, percentages, and any discussion in this press release reflect the results from continuing operations, except for the Statements of Cash Flows and Free cash flow, which are presented on a combined continuing and discontinued operations basis. Furthermore, upon the classification of Connectivity as a discontinued operation, the Company determined that Connectivity was no longer a reportable segment.

• Revenues (1) decreased to $286.7 million compared to $294.8 million for Q2 2025.

• Operating (loss) income decreased to an operating loss of $(44.7) million compared to operating income of $13.8 million for Q2 2025. This includes a $54.8 million goodwill impairment recognized in Q2 2026 compared to none in Q2 2025.

• Net (loss) income from continuing operations (2) decreased to $(52.2) million compared to $14.3 million for Q2 2025.

• Net (loss) income per diluted share from continuing operations (2) decreased to $(1.43) compared to $0.34 for Q2 2025.

• Adjusted EBITDA (3) decreased to $76.8 million compared to $79.8 million for Q2 2025.

• Adjusted net income (2) (3) decreased to $37.8 million compared to $38.1 million for Q2 2025.

• Adjusted net income per diluted share (2) (3) (or "Adjusted diluted EPS") increased 13.2% to $1.03 compared to $0.91 for Q2 2025.

• Net cash provided by operating activities from continuing and discontinued operations increased 55.9% to $89.0 million compared to $57.1 million in Q2 2025. Free cash flow from continuing and discontinued operations (3) increased 100.3% to $54.0 million compared to $26.9 million in Q2 2025.

• Ziff Davis completed the sale of its Connectivity division for total proceeds of approximately $1,216.1 million, consisting of approximately $1,179.1 million cash received at closing, or $1,134.1 million net of cash divested, and $37.0 million held in escrow.

• Ziff Davis deployed approximately $9.2 million for current and prior year acquisitions during the quarter and $121.5 million related to share repurchases in Q2 2026.