Added to YB: 2026-08-11
Pitch date: 2026-08-08
ZD [neutral]
Ziff Davis, Inc.
-3.37%
current return
Author Info
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Company Info
Ziff Davis, Inc., together with its subsidiaries, operates as a digital media and internet company in the United States and internationally.
Market Cap
$1.8B
Pitch Price
$56.20
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.90
P/E
-69.66
EV/Sales
0.79
Sector
Interactive Media and Services
Category
special_situation
$ZD: the buyback is the whole story, and the cash pile is smaller than advertised
ZD (overview): Post-Connectivity sale net cash $738.5M (41% of $1.78B cap), not $940M pro forma; spendable ~$553M after $185.6M tax bill. EV ~$1.05B <4x annualized adj EBITDA. Retiring ~15% shares/yr. But Q2 rev -2.7% (structural, Google-dependent), adj NI fell 0.6% while adj EPS +13.2% purely on lower share count. GAAP $44.7M op loss incl $54.8M impairment. 6-month strategic review still names no asset—buyback machine or polite liquidation.
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