Ziff Davis Annual Report: 10-K Fiscal Year 2022

Key insights

7 takeaways · ~3 min read

01
Ziff Davis's total share-based compensation expense for 2022 was $26,601, an increase from $24,129 in 2021 and $22,520 in 2020.
02
As of February 24, 2023, Ziff Davis had 47,260,252 shares of common stock outstanding, with an aggregate market value of $2,056,960,448 held by non-affiliates as of the last business day of the second fiscal quarter.
03
Digital Media revenues, primarily from advertising and subscriptions (including video games and related content), are seasonal, peaking in the fourth quarter due to holiday retail activity.
04
Ziff Davis completed the spin-off of its cloud fax business, Consensus, in October 2021, retaining a 19.9% interest and receiving $259.1 million in cash and $500.0 million in senior notes due 2028.
05
In 2022, Ziff Davis exchanged 2,800,000 shares of its investment in Consensus to extinguish $112.3 million of principal from its Term Loan Facilities and sold an additional 73,919 shares of Consensus common stock in the open market.
06
Ziff Davis faces competition in Cybersecurity and Martech from companies like Campaign Monitor Group, Constant Contact, Dialpad, and Constellation Software, with key competitive factors including financial strength, pricing, reputation, and customer support.
07
Future payments for long-term contractual obligations related to business acquisitions total $26,567,000, with $19,208,000 due in 2023 and $7,359,000 in 2024.