Filing Flows › Ziff Davis (ZD) › Q1 2025
Ziff Davis (ZD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Ziff Davis (ZD) reported revenue of $329M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -20% from the quarter before. Operating margin was 10.7%, net earnings $24.2M (7.4% of revenue).
Ziff Davis, Q1 2025: revenue $329M (+4% year over year), operating margin 10.7%, net earnings $24.2M, operating cash flow $20.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $329M | -20% | +4% |
| Operating profit | $35.1M | -55% | -2% |
| Net earnings | $24.2M | -62% | +128% |
| Operating cash flow | $20.6M | -87% | -73% |
What changed
Revenue was $328.6M in Q1 2025, up 4% year over year and down 20% from the previous quarter.
Operating profit was $35.1M, a 10.7% margin (down 0.7 points year over year). Operating profit fell $731K even though revenue rose $14.2M versus a year earlier, so costs grew faster than sales. Total costs grew 5% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+15%). Net earnings were $24.2M, up 128% year over year. The effective tax rate was 26.2%.
Operating cash flow was $20.6M (down 73% year over year), 85% of net earnings. Non-cash charges added back $55.8M of depreciation and amortization and $9.8M of share-based compensation. Working capital and other items used $69.2M. Capital expenditures of $25.6M exceeded it, leaving free cash flow of −$5.0M.
Questions
What was Ziff Davis' revenue in the first quarter 2025?
Ziff Davis (ZD) reported revenue of $329M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -20% from the quarter before.
Was Ziff Davis profitable in the first quarter 2025?
Operating profit was $35.1M (10.7% of revenue) and net earnings $24.2M.
Source: Ziff Davis 10-Q on SEC EDGAR.