Filing Flows › Ziff Davis (ZD) › Q2 2025
Ziff Davis (ZD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Ziff Davis (ZD) reported revenue of $352M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +7% from the quarter before. Operating margin was 9.5%, net earnings $26.3M (7.5% of revenue).
Ziff Davis, Q2 2025: revenue $352M (+10% year over year), operating margin 9.5%, net earnings $26.3M, operating cash flow $57.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $352M | +7% | +10% |
| Operating profit | $33.5M | -5% | +17% |
| Net earnings | $26.3M | +9% | -29% |
| Operating cash flow | $57.1M | +177% | +13% |
| Free cash flow | $26.9M | — | — |
What changed
Revenue was $352.2M in Q2 2025, up 10% year over year and up 7% from the previous quarter.
Operating profit was $33.5M, a 9.5% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 9% margin then. Total costs grew 9% against revenue growth of 10%. The fastest-growing cost line was Sales & marketing (+13%). Net earnings were $26.3M, down 29% year over year. The effective tax rate was 14.0%.
Operating cash flow was $57.1M (up 13% year over year), 217% of net earnings. Non-cash charges added back $57.6M of depreciation and amortization and $11.7M of share-based compensation. Working capital and other items used $38.6M. After purchases of property and equipment ($30.1M), free cash flow as the company reports it was $26.9M.
Questions
What was Ziff Davis' revenue in the second quarter 2025?
Ziff Davis (ZD) reported revenue of $352M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +7% from the quarter before.
Was Ziff Davis profitable in the second quarter 2025?
Operating profit was $33.5M (9.5% of revenue) and net earnings $26.3M.
Source: Ziff Davis 10-Q on SEC EDGAR.