Filing Flows › Ziff Davis (ZD) › Q3 2025
Ziff Davis (ZD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Ziff Davis (ZD) reported revenue of $364M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +3% from the quarter before. Operating margin was 7.8%, net loss $3.6M (1.0% of revenue).
Ziff Davis, Q3 2025: revenue $364M (+3% year over year), operating margin 7.8%, net loss $3.6M, operating cash flow $138M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $364M | +3% | +3% |
| Operating profit | $28.4M | -15% | — |
| Net earnings | −$3.6M | -114% | — |
| Operating cash flow | $138M | +142% | +31% |
| Free cash flow | $108M | — | — |
What changed
Revenue was $363.7M in Q3 2025, up 3% year over year and up 3% from the previous quarter.
Operating profit was $28.4M, a 7.8% margin (up 16.1 points year over year). Total costs fell 12% while revenue rose 3%. The quarter ended with a net loss of $3.6M, after a profit of $26.3M the previous quarter. Net interest and other expense of $19.2M was the main reason.
Operating cash flow was $138.3M (up 31% year over year). Non-cash charges added back $57.3M of depreciation and amortization and $12.2M of share-based compensation. Working capital and other items added $72.4M. After purchases of property and equipment ($30.1M), free cash flow as the company reports it was $108.2M.
Questions
What was Ziff Davis' revenue in the third quarter 2025?
Ziff Davis (ZD) reported revenue of $364M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +3% from the quarter before.
Was Ziff Davis profitable in the third quarter 2025?
Operating profit was $28.4M (7.8% of revenue) and net loss $3.6M.
Source: Ziff Davis 10-Q on SEC EDGAR.