ZIFF DAVIS INC
For the period ended Sep 30, 2024. Filed Nov 8, 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.
Sep 30, 2024 · Filed Nov 8, 2024
ZD$51.14+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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 September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Total revenues | $353,580 | $340,985 | $988,865 | $974,143 |
| Operating costs and expenses: | ||||
| Direct costs | 53,243 | 55,526 | 152,900 | 148,677 |
| Sales and marketing | 127,418 | 125,062 | 369,184 | 360,916 |
| Research, development, and engineering | 15,255 | 17,597 | 49,824 | 53,328 |
| General, administrative, and other related costs | 101,695 | 99,269 | 296,558 | 302,481 |
| Goodwill impairment on business | 85,273 | 56,850 | 85,273 | 56,850 |
| Total operating costs and expenses | 382,884 | 354,304 | 953,739 | 922,252 |
| (Loss) income from operations | (29,304) | (13,319) | 35,126 | 51,891 |
| Interest expense, net | (4,024) | (2,817) | (7,597) | (17,780) |
| Loss on sale of businesses | — | — | (3,780) | — |
| Loss on investments, net | — | (6,019) | (7,654) | (29,203) |
| Other (loss) income, net | (2,633) | (3,571) | 2,530 | (5,982) |
| (Loss) income before income tax expense and (loss) income from equity method investment | (35,961) | (25,726) | 18,625 | (1,074) |
| Income tax expense | (12,539) | (5,335) | (27,760) | (11,180) |
| (Loss) income from equity method investment, net of tax | (77) | 90 | 8,095 | (9,665) |
| Net loss | $(48,577) | $(30,971) | $(1,040) | $(21,919) |
| Net loss per common share: | ||||
| Basic | $(1.11) | $(0.67) | $(0.02) | $(0.47) |
| Diluted | $(1.11) | $(0.67) | $(0.02) | $(0.47) |
| Weighted average shares outstanding: | ||||
| Basic | 43,924,158 | 46,062,097 | 45,088,272 | 46,612,660 |
| Diluted | 43,924,158 | 46,062,097 | 45,088,272 | 46,612,660 |
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