Ziff Davis, Inc. (NASDAQ: ZD) saw its shares tumble by 6% in the 24-hour period ending on Monday, following the release of its fourth-quarter earnings results that fell short of analysts' expectations.
The digital media and internet company reported adjusted earnings per share of $2.58 for the quarter ended December 31, 2024, missing the consensus estimate of $2.63 per share. Revenue also came in below expectations at $412.8 million, compared to the analysts' forecast of $424.5 million.
While Ziff Davis posted year-over-year growth in revenue and net income, the weaker-than-anticipated financial results appear to have dampened investor sentiment, leading to the sharp sell-off in the company's stock during the after-hours trading session on Monday.
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