Ziff Davis (ZD) Tops Q1 EPS by 4c; Offers FY23 Guidance
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Ziff Davis Reports First Quarter 2023 Financial Results and Reaffirms 2023 Guidance
May 9, 2023 5:30 PM EDTNEW YORK--(BUSINESS WIRE)-- Ziff Davis, Inc. (NASDAQ: ZD) (Ziff Davis or the Company) today reported unaudited financial results for the first quarter ended March 31, 2023.
While the operating environment remains challenging, were pleased to see incremental improvements in several of our businesses, said Vivek Shah, Chief Executive Officer of Ziff Davis. The quarter's strong free cash flow reinforces our healthy balance sheet while we actively seek capital allocation opportunities."
FIRST QUARTER 2023 RESULTS
Q1 2023 quarterly revenues decreased 2.5% to $307.1 million compared to $315.1 million for Q1 2022. Income from operations decreased 14.1% to $26.3... More