Short answer
ZIFF DAVIS, INC. (ZD) filed its fiscal 2025 10-K annual report with the SEC on Feb 24, 2026. It reported revenue of $1.5B (+3.5% year over year) and net income of $47M.
- Top risk flagged: FTC scrutiny on online advertising practices under Section 5 of the FTC Act, risk of enforcement actions impacting ad revenue
FY2025 key financial metrics · XBRL
- Revenue
- $1.5B
- +3.5% YoY
- Net income
- $47M
- −24.9% YoY
- Operating margin
- 12.6%
- +4.5 pp YoY
- EPS (diluted)
- $1.15
- −19.0% YoY
- ROE
- 2.7%
- −0.8 pp YoY
- Operating cash flow
- $407M
- +4.3% YoY
Source: XBRL data from the ZIFF DAVIS, INC. (ZD) FY2025 10-K on SEC EDGAR. USD.
ZIFF DAVIS, INC. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Digital media and cybersecurity platform with focus on brand development and protection to drive growth
- Emphasis on expanding trademark portfolio and domain name acquisition amid increasing regulatory complexity
- Continued strategic separation and tax risk management following 2021 spin-off of Consensus Cloud Solutions
- Notable risk surrounding billing system dependencies affecting revenue, with heightened attention on payment processing compliance and fraud control
- Increasing legal exposure from content liability, data privacy, and patent litigation with potential for significant operational impact
Management Discussion & Analysis
- Cash and cash equivalents $607.0M at Dec 31, 2025 vs $505.9M at Dec 31, 2024
- Credit Agreement revolving loan commitment increased to $350.0M with maturity extended to June 18, 2027
- Issued $263.1M 3.625% Convertible Notes due 2028 and repurchased $135.0M principal of 1.75% Convertible Notes
- No revenue, profitability, or segment performance data disclosed in provided text
- No forward-looking guidance or risk commentary provided in provided text
Risk Factors
- FTC scrutiny on online advertising practices under Section 5 of the FTC Act, risk of enforcement actions impacting ad revenue
- Exposure to macroeconomic downturns affecting consumer spending in Health & Wellness segment generating $402M revenue in 2025
- Dependence on third-party websites and advertising networks for delivery of ads risks operational disruptions and revenue loss
- Competition from Amazon and Google in digital advertising threatens Technology & Shopping advertising revenue of $351M in 2025
- Customer concentration risk with top 753 customers in Technology & Shopping segment contributing $144K average quarterly revenue each
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