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Ziff Davis, Inc. reported impressive Q3 2024 earnings, surpassing expectations with an EPS of $1.64 against a forecast of $1.51. The company achieved a total revenue growth of 3.7% and adjusted EBITDA growth of 9.6%, marking its best quarter of the year. The digital media segment was a standout performer, with nearly 6% revenue growth and over 14% adjusted EBITDA growth.
The acquisition of CNET and the strong performance of consumer tech brands contributed significantly to the results. Ziff Davis also launched several AI-driven products, including Ekahau AI Pro and Viper AI Advisor, enhancing their offerings in network planning and cybersecurity. The company remains optimistic about future growth, particularly in the AI space, as it continues to leverage its balance sheet for strategic acquisitions.
• Ziff Davis launched AI-driven products enhancing network planning and cybersecurity.
• The company reported significant growth in digital media and adjusted EBITDA.
Ekahau AI Pro integrates advanced AI modeling for improved Wi-Fi network planning.
Viper AI Advisor simplifies threat analysis in cybersecurity through natural language processing.
Ziff Davis focuses on digital media and technology, leveraging AI for product enhancements.
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