Every material Form 8-K Ziff Davis filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Ziff Davis appointed Lori Tansley as its new Chief Accounting Officer, effective December 2, 2024, succeeding Bret Richter, who had been interim principal accounting officer and remains Chief Financial Officer. Tansley previously served as SVP and Chief Accounting Officer at Ankura Consulting Group, and the filing describes her employment terms, including a $400,000 base salary.
Lori Tansley appointed Chief Accounting Officer and principal accounting officer, effective December 2, 2024
Base salary of $400,000 and annual target bonus of $200,000; one-time equity award worth about $250,000 at grant
Bret Richter resigns as interim principal accounting officer but continues as Chief Financial Officer
Tansley previously was SVP and Chief Accounting Officer at Ankura Consulting Group from March 2021 to July 2024
Ziff Davis reported unaudited third-quarter 2024 revenue of $353.6 million, up 3.7%, and adjusted diluted EPS of $1.64, up 9.3%. GAAP results were weaker: the net loss widened to $48.6 million, or $1.11 per diluted share, including an $85.3 million goodwill impairment. The company reaffirmed its fiscal 2024 guidance.
Q3 2024 revenue was $353.6 million, up from $341.0 million. Digital Media rose 5.8% to $283.6 million, while Cybersecurity and Martech fell 4.1% to $70.0 million.
Net loss was $48.6 million, or $1.11 per diluted share, compared with $31.0 million, or $0.67, in Q3 2023. The period included an $85.3 million goodwill impairment.
Adjusted diluted EPS rose 9.3% to $1.64 from $1.50, and adjusted EBITDA rose 9.6% to $124.7 million.
Fiscal 2024 guidance was reaffirmed: revenue of $1.411 billion to $1.471 billion and adjusted EBITDA of $500.0 million to $521.0 million. An earnings call is set for November 8, 2024, at 8:30 a.m. ET.
Ziff Davis reported unaudited second-quarter 2024 revenue of $320.8 million, down 1.6% from a year earlier, and adjusted diluted EPS of $1.18, down 7.1%. GAAP net income rose to $36.9 million, but income from operations fell 26.5%, and the company reaffirmed its fiscal 2024 guidance. The board also raised the share repurchase authorization by 5 million shares to 15 million, which may support per-share results if used.
Q2 2024 revenue $320.8 million, down 1.6% from $326.0 million; income from operations $28.6 million, down 26.5%
Adjusted diluted EPS $1.18, down 7.1% from $1.27; GAAP net income $36.9 million vs. $16.7 million
2024 guidance reaffirmed: revenue $1,411.0 million to $1,471.0 million; adjusted EBITDA $500.0 million to $521.0 million
Board authorized up to 5 million more shares for repurchase on August 2, 2024, for a total of up to 15 million; 8,241,308 shares remained and the program now expires August 2, 2029
Ziff Davis said Chief Accounting Officer Layth Taki resigned on July 19, 2024 to pursue another opportunity, effective August 16, 2024. The filing states the departure does not involve any disagreement with auditors or management on accounting or disclosure matters. CFO Bret Richter will serve as interim principal accounting officer without additional compensation until a replacement is named.
Layth Taki resigned as Chief Accounting Officer on July 19, 2024, effective August 16, 2024, to pursue another opportunity
The company states the resignation did not result from any disagreement on accounting principles, financial statement disclosure or internal controls
CFO Bret Richter will act as interim principal accounting officer from August 16, 2024 until a replacement is named
Richter will receive no additional compensation for the interim role
Ziff Davis issued $263.1 million of new 3.625% convertible senior notes due 2028 and paid about $135.0 million in cash to exchange $400.9 million of its 1.75% convertible notes due 2026. The exchange extends the maturity of that debt by about two years and adds a new obligation tied to the company's stock price, with potential dilution of up to 2,631,470 shares if converted in shares.
Exchanged $400,891,000 of 1.75% 2026 notes for $263,147,000 of new 3.625% 2028 notes plus about $134,989,000 in cash
New 2028 notes mature March 1, 2028; interest is paid semi-annually starting March 1, 2025
Initial conversion price is $100 per share, implying up to 2,631,470 common shares if settled in stock
Notes are senior unsecured and rank structurally below all subsidiary liabilities
Ziff Davis entered into a Joinder and Amendment to its credit agreement on June 18, 2024, increasing the revolving loan commitment by $250 million, adding JPMorgan Chase and Citibank as lenders, and extending the scheduled maturity date. The amendment also lowers the SOFR credit spread adjustment to 0.10% and allows borrowings to repay or refinance the company's 1.75% Convertible Senior Notes due 2026.
Revolving loan commitment increased by $250,000,000; JPMorgan Chase Bank, N.A. and Citibank N.A. added as new lenders
Scheduled maturity extended from April 7, 2026 to the earlier of June 7, 2027 or, in limited circumstances, August 2, 2026
SOFR credit spread adjustment reduced to 0.10% across all interest period tenors
Loans may be drawn to repay or refinance the 1.75% Convertible Senior Notes due 2026
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Ziff Davis filing is on SEC EDGAR ↗. 8-K briefs of other companies →