Ziff Davis, Inc. reported a revenue increase of 2.9% for the third quarter of 2025, totaling $363.7 million, compared to $353.6 million in the same period last year. For the nine months ending September 30, 2025, revenues rose by 5.6% to $1.045 billion from $988.9 million in 2024. The company achieved a net loss of $3.6 million for the quarter, a significant improvement from a loss of $48.6 million in the prior year. For the nine-month period, Ziff Davis recorded a net income of $47.0 million, contrasting with a loss of $1.0 million in 2024.
The financial performance was bolstered by a $11.5 million increase in advertising and performance marketing revenues, primarily driven by growth in the Health & Wellness and Technology & Shopping segments. However, the Gaming & Entertainment segment experienced a decline of $3.0 million in revenues. The company also noted a decrease in other revenues, which fell by $4.3 million, largely due to a drop in the Technology & Shopping segment. Operating costs for the quarter were $335.3 million, down from $382.9 million a year earlier, reflecting a reduction in goodwill impairment charges, which were $17.6 million in 2025 compared to $85.3 million in 2024.
Ziff Davis has continued its strategic growth through acquisitions, completing seven immaterial acquisitions in 2025 for a total consideration of $81.6 million. These acquisitions are expected to enhance the company's service offerings and customer base. The company also reported a significant increase in its employee headcount, reflecting its ongoing investment in talent to support its expanding operations.
Operationally, Ziff Davis reported a customer count of 634,599 in the Technology & Shopping segment, with a quarterly revenue per customer of $132,849. The Health & Wellness segment saw a customer base of 1.9 million, with an average revenue per customer of $7.17. The company is also focusing on geographic expansion and product adoption, particularly in its Cybersecurity & Martech segment, which generated $71.5 million in revenues for the quarter.
Looking ahead, Ziff Davis anticipates continued growth driven by its strategic initiatives, including further acquisitions and enhancements to its service offerings. The company remains cautious about macroeconomic conditions that could impact its operations, including inflation and interest rates. Management is committed to leveraging its digital media and internet capabilities to sustain growth and profitability in the coming quarters.
About ZIFF DAVIS, INC.
Ziff Davis is a digital media and internet company specializing in technology, gaming, health, connectivity, cybersecurity, and marketing technology. It offers trusted content, advertising, subscription services, and data insights to consumers and businesses worldwide. The company leverages acquisitions, proprietary technology, and diverse revenue streams to maintain its competitive edge in high-growth digital markets.
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