Ziff Davis’ Operating Results Swing to Loss as Revenue Falls 5.6%

Ziff Davis’ continuing-operations revenue fell 5.6% to $289.326 million in the third quarter, while operating results from those operations swung to a loss from a year-earlier profit.

Ziff Davis announced unaudited results Thursday, Nov. 5, for the quarter ended Sept. 30. Revenue from continuing operations was $306.532 million in the third quarter of 2025. Adjusted diluted earnings per share were $1.39, compared with $1.40 a year earlier. The GAAP diluted loss from continuing operations was $0.85 per share, compared with a $0.39 loss in the year-earlier quarter.

Operating results from continuing operations moved from $11.411 million in income in Q3 2025 to a $33.610 million loss in Q3 2026. The quarter included $29.6 million in goodwill impairment and $14.6 million in long-lived asset impairments.

Cybersecurity & Martech revenue declined 4.6% to $68.202 million. The segment generated $4.081 million in operating income, compared with an operating loss of $6.425 million in Q3 2025. Ziff Davis has four segments: Cybersecurity & Martech, Technology & Shopping, Gaming & Entertainment, and Health & Wellness.

The Connectivity business sale to Accenture closed June 17, 2026. The divestiture brought in $1.216 billion and produced a pretax gain of $860.6 million. The third-quarter revenue figures cover continuing operations.

Share repurchases reached about $265 million through the first three quarters of 2026, while the company’s share count declined nearly 14%.

CEO Vivek Shah said results were “in line with the expectations we set last quarter.” He also cited sequential revenue growth despite a challenging operating environment.