Ziff Davis, Inc. (NASDAQ:ZD) disclosed its plans today to engage in the RBC Capital Markets Global Technology, Internet, Media, and Telecommunications Conference. The company, known for its presence in the telegraph and other message communications sector, will be part of this significant industry event taking place today.
The conference will be an opportunity for Ziff Davis to present and discuss its business strategies and performance with investors and industry peers. Interested parties can access the webcast of the conference through a provided link.
Ziff Davis, headquartered in New York, operates under the SIC code for Telegraph & Other Message Communications, indicating its role within the technology sector. The company, previously known as J2 Global (NASDAQ:ZD), Inc., has undergone several name changes in its history, with the most recent transition to Ziff Davis, Inc.
The company's stock is traded on The Nasdaq Stock Market under the ticker symbol ZD. As per the information based on a press release statement, there have been no reported changes to the company's name or address since the last update.
This announcement is in accordance with the Regulation FD Disclosure, which ensures that all publicly traded companies disclose material information to all investors simultaneously. Ziff Davis's participation in the RBC conference is a testament to its active role in the technology and telecommunications industry.
Investors and analysts following Ziff Davis will likely monitor the outcomes of the conference for insights into the company's current market position and future initiatives. The company's presentation at the conference could provide valuable information regarding its operational strategies and financial health.
In other recent news, Ziff Davis has reported a growth in its Q3 earnings, with a focus on AI and mergers and acquisitions. The company's total revenue increased by 3.7% to $353.6 million, and adjusted EBITDA grew by 9.6% to $124.7 million. The company's management also reaffirmed its fiscal year 2024 guidance, expecting high single-digit revenue and adjusted EBITDA growth, and double-digit adjusted EPS growth in Q4.
Ziff Davis has also been successful in integrating CNET, strengthening its digital media segment, and launching AI-driven products. These developments have contributed to its positive outlook, alongside a commitment to ESG initiatives. The company is also exploring AI licensing deals and sees premium publisher content as essential for training AI models.
Despite noted challenges in the cyber and martech sectors and a decline in advertising and performance marketing revenue in the first half of 2024, Ziff Davis remains optimistic. The company plans to focus on growth, product improvement, and strategic acquisitions moving forward.
InvestingPro Insights
As Ziff Davis prepares to present at the RBC Capital Markets Global Technology, Internet, Media, and Telecommunications Conference, investors may find additional context from recent financial data and analyst insights valuable. According to InvestingPro, Ziff Davis boasts impressive gross profit margins, with the latest data showing a gross profit margin of 85.38% for the last twelve months as of Q3 2024. This strong profitability metric underscores the company's efficiency in its core operations, which could be a key talking point at the conference.
Moreover, InvestingPro Tips highlight that Ziff Davis has been aggressively buying back shares, signaling management's confidence in the company's value. This strategy aligns with the company's focus on shareholder returns, as evidenced by its high shareholder yield. These factors may be of particular interest to investors attending the conference, as they reflect the company's financial strategy and commitment to shareholder value.
For those seeking a more comprehensive analysis, InvestingPro offers 14 additional tips on Ziff Davis, providing a deeper understanding of the company's financial health and market position.
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