2023-11-09 04:01:17 ET
- Ziff Davis press release ( NASDAQ: ZD ): Q3 Non-GAAP EPS of $1.50 misses by $0.03 .
- Revenue of $341M (-0.3% Y/Y) misses by $1.43M .
- Adjusted EBITDA for the quarter decreased 5.3% to $113.7 million compared to $120.1 million for Q3 2022.
- Net cash provided by operating activities was $72.8 million in Q3 2023 compared to $100.7 million in Q3 2022. Free cash flow was $45.6 million in Q3 2023 compared to $73.8 million in Q3 2022.
- Outlook: The Company reaffirms its guidance for fiscal year 2023 as follows (in millions, except per share data):
2023 Range of Estimates
Low
High
Revenue
$
1,350.0
$
1,408.0 vs. the consensus of $1.38B
Adjusted EBITDA
$
479.0
$
514.0
Adjusted diluted EPS
$
6.02
$
6.54 vs. the consensus of $6.35
For further details see:
Ziff Davis misses Q3 top and bottom line estimates; reaffirms FY23 outlook