- Ziff Davis press release (NASDAQ:ZD): Q1 Non-GAAP EPS of $1.27 beats by $0.12.
- Revenue of $314.5M (+2.4% Y/Y) beats by $0.99M.
- Adjusted EBITDA for the quarter increased 6.8% to $100.8 million, compared to $94.3 million for Q1 2023.
- Net cash provided by operating activities was $75.6 million in Q1 2024 compared to $115.3 million in Q1 2023. Free cash flow was $47.4 million in Q1 2024 compared to $85.3 million in Q1 2023.
- Ziff Davis ended the quarter with approximately $891.1 million in cash, cash equivalents, and investments after deploying approximately $46.9 million during the quarter for current and prior year acquisitions.
- Guidance: The Company reaffirms its guidance for fiscal year 2024 outlook as follows (in millions, except per share data):
2024 Range of Estimates
Low
High
Revenue
$
1,411.0
$
1,471.0 vs. $1.44B consensus
Adjusted EBITDA
$
500.0
$
521.0
Adjusted diluted EPS
$
6.43
$
6.77 vs. $6.58 consensus
Ziff Davis beats top-line and bottom-line estimates; reaffirms FY24 outlook | Invesloan.com
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