Ziff Davis
Buy-and-build holding company running six digital-media and software verticals across acquired consumer brands.
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Profile
Runs six digital-media and software verticals — Technology, Shopping, Gaming & Entertainment, Health & Wellness, Cybersecurity, and Martech — through a portfolio of acquired brands including PCMag, IGN, RetailMeNot, and IPVanish. Since 2013, the holding company has deployed capital across 97 acquisitions under a buy-and-build model.
Operates as a public holding company over six digital-media and software verticals: Technology, Shopping, Gaming & Entertainment, Health & Wellness, Cybersecurity, and Martech. Revenue flows through digital advertising, performance marketing, and subscription-based software services.
Portfolio brands span PCMag in technology, IGN and Mashable in gaming and entertainment, Everyday Health in wellness, RetailMeNot in shopping, and IPVanish and VIPRE in cybersecurity. Audience is concentrated in the United States, with cybersecurity and gaming properties extending internationally.
The operating model is a buy-and-build platform: since 2013, 97 acquisitions have been executed under CEO Vivek Shah, who has led the digital-media strategy since 2010. The 2021 Consensus Cloud Solutions spin-off and the 2026 Connectivity division sale to Accenture mark successive rounds of portfolio rationalization. Growth depends on the pace and quality of tuck-in acquisition activity.
Company facts
Categories
Key statistics
Year to date +64.3% · Average volume (30d) 580.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | UBS | Reiterate | Neutral | $40 | $59 | |
| Aug 10, 2026 | Susquehanna | Reiterate | Positive | $60 | $75 | |
| Aug 10, 2026 | Evercore ISI | Reiterate | Outperform | $61 | $64 | |
| May 12, 2026 | Evercore ISI | Target | $46 | $61 | ||
| May 11, 2026 | Piper Sandler | Target | $40 | $48 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.81 | $1.03 | +27.6% | $286.1M | $286.7M | +0.2% | +5.73% |
| May 7, 2026Q1 FY26 | $0.72 | $0.73 | +1.4% | $264.3M | $267.6M | +1.3% | −5.29% |
| Feb 23, 2026Q4 FY25 | $2.71 | $2.56 | −5.5% | $416.7M | $406.7M | −2.4% | −10.29% |
| Nov 6, 2025Q3 FY25 | $1.76 | $1.76 | 0.0% | $416.6M | $363.7M | −12.7% | −0.18% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $328.6M | $352.2M | $363.7M | $406.7M | $267.6M | $286.7M | |
| Gross profit | $281.4M | $245.6M | $310.6M | $291.6M | $178.4M | $241.0M | |
| Operating income | $35.1M | $33.5M | $28.4M | $94.0M | $3.1M | −$44.7M | |
| Net income | $24.2M | $26.3M | −$3.6M | $370.0K | $22.3M | $624.5M | |
| Diluted EPS | $0.56 | $0.62 | −$0.09 | $0.01 | $0.59 | $17.16 | |
| Gross margin | 85.6% | 69.7% | 85.4% | 71.7% | 66.7% | 84.1% | |
| Operating margin | 10.7% | 9.5% | 7.8% | 23.1% | 1.1% | -15.6% |
Fiscal years (4-quarter sums)FY21 $1.15B · FY22 $1.39B · FY23 $1.36B · FY24 $1.40B · FY25 $1.45B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.61B · Total debt $867.6M · Total assets $4.00B · Shareholders' equity $2.24B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 36.84M · Float 33.22M · 90.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.77M | 15.67% | 13F | Aug 7, 2026 |
| Jupiter Topco LLC | 3.59M | 9.74% | 13F | Aug 14, 2026 |
| Janus Henderson Group PLC | 3.44M | 8.40% | 13G | Nov 14, 2025 |
| Pale Fire Capital SE | 2.66M | 7.22% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 2.25M | 6.12% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | W. Brian Kretzmer | director | −2,513 | $55.31 |
| Aug 12, 2026 | Lori A. Tansley | officer: Chief Accounting Officer | −1,400 | $54.76 |
| Aug 10, 2026 | Jeremy Rossen | officer: EVP/General Counsel | −3,819 | $54.93 |
| Jun 10, 2026 | Bret Richter | officer: Chief Financial Officer | −18,000 | $46.88 |
| Jun 8, 2026 | Kirk P. McDonald | director | −1,075 | $46.65 |
Peers
- People
Structural digital-media analog overlapping health, lifestyle, and entertainment
- Gen Digital
Consumer cybersecurity giant competing directly in VPN and antivirus
- Groupon
Online deals marketplace competing for coupon and discount shoppers
- BuzzFeed
Digital-news and culture brand competing for social-native lifestyle audiences
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ziff Davis | $55.82 | −0.02% | $2.06B | 3.2 | 11.0 | 1.6 | −18.6% |
| People | $39.14 | 0.00% | $2.91B | 8.7 | 108.8 | 1.4 | −25.6% |
| Gen Digital | $30.79 | −0.73% | $18.57B | 18.0 | 10.3 | 3.7 | +6.3% |
| Groupon | $19.65 | +0.56% | $741.8M | — | 38.3 | 1.5 | −0.8% |
| BuzzFeed | $1.23 | −0.81% | $48.0M | — | — | 0.3 | −21.8% |
| Median | 13.4 | 38.3 | 1.4 | −11.3% |