Ziff Davis, Inc. (ZD) experienced a significant 24-hour plunge of 9.37% in post-market trading.

The sharp decline followed the digital media company's release of fourth-quarter 2025 financial results that fell short of analyst expectations. Quarterly revenue of $406.7 million missed the consensus estimate of $416.4 million, while adjusted earnings per share of $2.56 came in below the expected $2.71. Most notably, the company's net income plummeted 99.4% year-over-year to just $0.4 million, impacted by a $58 million pre-tax loss on the sale of a business and a $19.7 million loss on an equity method investment.

Adding to investor concerns, the company announced it is deferring its fiscal 2026 financial guidance as it evaluates strategic options, including potential sales of entire divisions. This combination of earnings misses, a dramatic profit decline, and near-term uncertainty prompted the sell-off.