Ziff Davis Q2 revenue misses estimates on segment weakness
ZD•Quarterly revenue and EPS
Ziff Davis said second-quarter revenue fell 2.7% year over year, missing analyst expectations.
Adjusted earnings per share for the quarter matched analyst expectations.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Miss | $286.70 mln | $299.75 mln (5 Analysts) |
| Q2 Adjusted EPS | Meet | $1.03 | $1.03 (4 Analysts) |
| Q2 Adjusted Net Income | Miss | $37.80 mln | $39.40 mln (4 Analysts) |
Capital returns and outlook
Ziff Davis completed the sale of its Connectivity division for $1.2 bln and repurchased $121.5 mln of shares.
The company did not provide specific financial guidance for the current or future periods.
Segment weakness and impairment charge
Revenue fell in the Technology & Shopping and Health & Wellness segments, contributing to the overall decline.
The company recognized a in the second quarter, contributing to an operating loss.
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