ZIFF DAVIS, INC.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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Dec 31, 2024 · Filed Mar 27, 2025
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Contents
APPENDIX A
Reconciliation of U.S. GAAP Financial Performance Figures to
Adjusted Non-GAAP Financial Information
| Adjusted EBITDA ($, in millions) | ||
|---|---|---|
| Year ended December 31, | ||
| 2024 | 2023 | |
| Net income | 63.0 | 41.5 |
| Interest expense, net | 14.0 | 20.0 |
| Gain on debt extinguishment, net | — | — |
| Loss on sale of businesses | 3.8 | — |
| Loss on investments, net | 7.6 | 28.1 |
| Other (income) loss, net | (5.0) | 9.5 |
| Income tax expense | 41.4 | 24.1 |
| (Income) loss from equity method investments, net | (11.2) | 7.8 |
| Depreciation and amortization | 211.9 | 237.0 |
| Share-based compensation | 40.9 | 31.9 |
| Acquisition, integration, and other costs | 40.2 | 21.0 |
| Disposal related costs | 0.2 | 2.2 |
| Lease asset impairments and other charges | 1.4 | 2.3 |
| Goodwill impairment | 85.3 | 56.9 |
| Adjusted EBITDA | 493.5 | 482.3 |
| Percent change compared to prior year | 2.3% | |
| Adjusted Net Income ($, in millions) | ||||
|---|---|---|---|---|
| Year ended December 31, | ||||
| 2024 | Per diluted share | 2023 | Per diluted share | |
| Net income | 63.0 | 1.42 | 41.5 | 0.89 |
| Interest, net | 0.1 | — | 5.9 | 0.13 |
| Loss on sale of businesses | 0.1 | — | 3.8 | 0.08 |
| Loss on investments, net | 8.0 | 0.18 | 21.1 | 0.45 |
| (Income) loss from equity method investments, net | (11.2) | (0.25) | 8.2 | 0.18 |
| Amortization | 87.1 | 1.96 | 106.6 | 2.30 |
| Share-based compensation | 31.0 | 0.70 | 27.1 | 0.58 |
| Acquisition, integration, and other costs | 29.8 | 0.67 | 13.5 | 0.29 |
| Disposal related costs | 0.2 | — | 1.5 | 0.03 |
| Lease asset impairments and other charges | 1.1 | 0.02 | 1.3 | 0.04 |
| Goodwill impairment | 85.3 | 1.92 | 56.9 | 1.22 |
| Adjusted Net Income | 294.5 | 6.62 | 287.4 | 6.19 |
| Percent change compared to prior year | 2.4% | 6.9% | ||
Appendix A
| Free Cash Flow ($, in millions) | ||
|---|---|---|
| Year ended December 31, | ||
| 2024 | 2023 | |
| Cash from operating activities | 390.3 | 320.0 |
| Less: Purchases of property and equipment | (106.6) | (108.7) |
| Free Cash Flow | 283.7 | 211.3 |
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