Earnings: Online The Bright Spot For Ziff Davis; Rest Sucks

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Tech publisher Ziff Davis reported its Q3 numbers yesterday, and at least online is a big bright spot. Rest, well…
Its EBITDA (the cmpany doesn’t report GAAP earnings) increased to $4.4 million for Q3, compared to $1.5 million for the prior year period. This increase in EBITDA was primarily due to the growth in the company’s online businesses. The absence of losses from closed publications and cost reductions also contributed to the improvement. Consolidated revenues totaled $38.8 million.
Online revenues increased by 32%, while print revenues excluding the closed publications decreased by 14%, compared to a year ago. Including the closed publications print revenue declined 18.5% during the same time period.
Another point: At September 30, 2006 the company had $10.8 million of cash and cash equivalents. Since the end of Q206, the company’s cash and cash equivalents declined $5.4 million. More details on earnings here.
Meanwhile, the sale process for ZD continues, and it seems that the company will be sold in parts, and enterprise/B2B group being the most likely to be sold first.

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