ZIFF DAVIS INC
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
ZD$51.14+1.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited, in thousands except share and per share data)
| Three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Total revenues | $314,485 | $307,142 |
| Operating costs and expenses: | ||
| Direct costs | 47,067 | 45,730 |
| Sales and marketing | 117,000 | 115,920 |
| Research, development, and engineering | 17,774 | 17,914 |
| General, administrative, and other related costs | 96,783 | 101,263 |
| Total operating costs and expenses | 278,624 | 280,827 |
| Income from operations | 35,861 | 26,315 |
| Interest expense, net | (1,769) | (4,480) |
| Loss on sale of businesses | (3,780) | — |
| Unrealized loss on short-term investments held at the reporting date, net | (10,705) | (20,345) |
| Gain on investments, net | — | 357 |
| Other loss, net | (104) | (908) |
| Income before income tax (expense) benefit and loss from equity method investment | 19,503 | 939 |
| Income tax (expense) benefit | (8,231) | 616 |
| Loss from equity method investment, net of income taxes | (645) | (9,182) |
| Net income (loss) | $10,627 | $(7,627) |
| Net income (loss) per common share: | ||
| Basic | $0.23 | $(0.16) |
| Diluted | $0.23 | $(0.16) |
| Weighted average shares outstanding: | ||
| Basic | 45,860,033 | 46,987,249 |
| Diluted | 45,955,365 | 46,987,249 |
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