The following is a summary of the Ziff Davis, Inc. (ZD) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Ziff Davis reported Q3 2024 revenue of $353.6 million, reflecting a 3.7% increase year-over-year.

• Adjusted EBITDA for Q3 2024 was $124.7 million, a 9.6% increase from the prior year, with the margin improving by 200 basis points to 35.3%.

• Q3 adjusted diluted EPS rose by 9.3% compared to Q3 2023, indicating strong profitability improvements.

Business Progress:

• The digital media segment grew by nearly 6% in revenue and over 14% in adjusted EBITDA in Q3.

• The company successfully closed the acquisition of CNET, enhancing its technology publishing portfolio.

• Several AI-driven products were launched across key verticals, including Ekahau AI Pro online and Viper AI Advisor, enhancing product capabilities and user experience.

Opportunities:

• The acquisition of CNET is expected to strengthen Ziff Davis's position in technology publishing and advertising, with anticipated benefits from integrated, large-scale advertising programs.

• Expanded capabilities in email marketing, including new SMS marketing services, are expected to leverage rising costs in paid media, enhancing the marketing channel's value.

Risks:

• The Cybersecurity and Martech segments experienced a revenue decline of over 4%, although adjusted EBITDA remained stable, reflecting challenges in these areas.

• Ongoing pressure in the health and wellness sector, particularly on the provider side, could impact future growth in this segment.

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