Mission Statement, Vision, & Core Values (2024) of Ziff Davis, Inc. (ZD)

An Overview of Ziff Davis, Inc. (ZD)

General Summary of Ziff Davis, Inc. (ZD)

Ziff Davis, Inc. (NASDAQ: ZD) is a global leader in digital media and online marketing, with a rich history dating back to its founding in 1927. The company has evolved from a print publisher to a significant player in the digital marketplace, focusing on technology, entertainment, and e-commerce sectors. Key products and services include advertising and performance marketing, subscription and licensing models, and a range of technology-related content. As of 2024, Ziff Davis reported total sales of approximately $988.9 million for the nine-month period ended September 30, marking a growth trajectory in its core segments.

Company's Financial Performance in the Latest Financial Reports

In the latest financial report for the three months ended September 30, 2024, Ziff Davis achieved revenues of $353.6 million, representing a 3.7% increase compared to the same period in 2023, which had revenues of $341.0 million. The nine-month revenue totaled $988.9 million, up from $974.1 million in 2023, reflecting a 1.5% year-over-year growth.

The Digital Media segment generated revenues of $283.6 million in Q3 2024, up from $267.9 million in Q3 2023, driven by a $10.6 million increase in advertising and performance marketing revenue. Subscription and licensing revenue in this segment also grew by $5.6 million. On the other hand, the Cybersecurity and Martech segment reported revenues of $70.0 million in Q3 2024, down from $73.1 million in Q3 2023, mainly due to declines in its consumer privacy services.

Despite the revenue growth, the company faced challenges with operating income, reporting a loss of $29.3 million for Q3 2024 compared to a loss of $13.3 million in Q3 2023. This was largely attributed to an increase in operating costs, including an impairment charge of $85.3 million in goodwill.

Introduction to Ziff Davis as a Leader in the Industry

Ziff Davis has established itself as a prominent leader in the digital media and cybersecurity sectors through strategic acquisitions and a robust portfolio of services. The company's focus on advertising and performance marketing, combined with its subscription-based models, has allowed it to capture significant market share. As of September 30, 2024, Ziff Davis served approximately 3.49 million customers, reflecting a steady increase in its customer base. The company continues to innovate and adapt in a competitive landscape, making it a key player worth following for insights into the evolving digital marketplace.

Mission Statement of Ziff Davis, Inc. (ZD)

Mission Statement of Ziff Davis, Inc. (ZD)

The mission statement of Ziff Davis, Inc. reflects its commitment to delivering high-quality digital content, services, and solutions across various sectors, including technology and media. This mission serves as a guiding compass for the company's strategic objectives and operational priorities, ensuring alignment with stakeholder expectations and market demands.

Core Component 1: Quality and Innovation

Ziff Davis emphasizes the importance of quality in its product offerings and services. The company aims to leverage innovation to enhance user experience and drive engagement. In the three months ended September 30, 2024, Ziff Davis reported revenues of $353.6 million, a 3.7% increase from $341.0 million in the same period of 2023, demonstrating its effective strategy in delivering quality content and services that resonate with consumers.

Core Component 2: Customer-Centric Approach

The company prioritizes a customer-centric approach by understanding and addressing the needs of its users. As of September 30, 2024, Ziff Davis served approximately 3.49 million customers across its Digital Media and Cybersecurity and Martech segments, reflecting a robust base that supports its mission to provide tailored solutions.

Core Component 3: Commitment to Growth

Ziff Davis demonstrates a strong commitment to growth through strategic acquisitions and market expansion. In 2024, the company completed acquisitions that contributed approximately $20.7 million in revenue for Q3 and $40.0 million for the nine months ended September 30, 2024. This growth strategy underlines its mission to enhance its portfolio and market reach.

Overall, Ziff Davis's mission statement encapsulates its dedication to quality, customer satisfaction, and growth, reinforcing its position as a leader in the digital media and cybersecurity sectors while adapting to evolving market dynamics.

Vision Statement of Ziff Davis, Inc. (ZD)

Vision Statement Components of Ziff Davis, Inc. (ZD)

The vision statement of Ziff Davis, Inc. (ZD) emphasizes its commitment to delivering innovative solutions in the digital media and cybersecurity sectors. The components of this vision can be broken down into several key areas:

Ziff Davis aims to lead in the digital media landscape by enhancing its product offerings and user engagement. As of September 30, 2024, the Digital Media segment reported revenues of $283.6 million, marking a 5.8% increase from the previous period, driven largely by successful advertising and performance marketing initiatives.

Ziff Davis envisions a secure digital environment by expanding its cybersecurity offerings. The Cybersecurity and Martech segment generated revenues of $70.0 million in Q3 2024, although this represented a slight decrease from $73.1 million in Q3 2023. The company continues to invest in strengthening its cybersecurity solutions to meet evolving market demands.

To enhance its market position, Ziff Davis has actively pursued acquisitions. In 2024, the company completed acquisitions totaling $358.2 million, which are expected to bolster its capabilities in digital media and cybersecurity. These acquisitions include TDS Gift Cards and CNET Media, which are anticipated to expand Ziff Davis's reach and service offerings.

Ziff Davis's financial performance reflects its vision to grow sustainably. For the nine months ending September 30, 2024, the total revenue reached $988.9 million, up from $974.1 million in the same period of 2023, indicating a 1.5% growth.

Ziff Davis places significant emphasis on customer satisfaction and retention. The average quarterly revenue per customer was $42.21 in Q3 2024, with a churn rate of 2.85%, reflecting the company's efforts to maintain a strong customer base amid market challenges.

These components of the vision statement reveal Ziff Davis's strategic direction and operational focus as it navigates the complexities of the digital landscape in 2024.

Core Values of Ziff Davis, Inc. (ZD)

Core Value: Integrity

Integrity is a fundamental value at Ziff Davis, Inc. (ZD), emphasizing transparency, ethical behavior, and accountability in all business dealings. This commitment is vital for building trust with customers, partners, and employees.

In 2024, Ziff Davis has reinforced its integrity through various initiatives:

• Implementation of a robust code of conduct that outlines expectations for ethical behavior.
• Regular training programs for employees on compliance and ethical decision-making.
• Establishment of an anonymous reporting system for ethical concerns, ensuring that employees can voice issues without fear of retaliation.

Core Value: Innovation

Innovation drives Ziff Davis to continuously improve its offerings and adapt to changing market conditions. The company invests significantly in research and development to foster creativity and technological advancements.

Specific examples of ZD's commitment to innovation in 2024 include:

• A reported $49.8 million spent on research and development as part of total operating costs.
• The launch of new digital media platforms that leverage artificial intelligence to enhance user experience.
• Acquisition of TDS Gift Cards and CNET Media, expanding its digital product offerings and capabilities.

Core Value: Customer Focus

Customer focus is at the heart of Ziff Davis's operations, ensuring that all products and services are designed with the customer in mind. This value underpins the company’s commitment to delivering exceptional customer experiences.

In 2024, ZD has demonstrated its customer focus through:

• A churn rate of 2.85%, reflecting a commitment to retaining customers and addressing their needs effectively.
• Average quarterly revenue per customer reported at $42.21, showcasing the company's ability to meet customer expectations while driving revenue.
• Enhanced customer support services, including 24/7 availability for technical assistance and account management.

Core Value: Collaboration

Collaboration is essential for Ziff Davis, promoting teamwork across all levels of the organization. This core value enhances creativity and problem-solving, leading to better outcomes for the company and its stakeholders.

Examples of ZD's collaborative efforts in 2024 include:

• Formation of cross-departmental teams to drive innovation and streamline processes, resulting in improved operational efficiency.
• Partnerships with other tech firms to co-develop products, expanding market reach and technological capabilities.
• Employee engagement initiatives that foster a collaborative culture, including team-building exercises and joint project management platforms.

Core Value: Excellence

Excellence is a guiding principle at Ziff Davis, pushing the company to strive for the highest standards in every aspect of its business. This commitment is reflected in the quality of products, services, and customer interactions.

In 2024, ZD has showcased its dedication to excellence through:

• Recognition as a leader in the digital media and cybersecurity sectors, driven by a commitment to quality and performance.
• Investment in employee training programs aimed at enhancing skills and knowledge, ensuring that staff are equipped to excel in their roles.
• Continuous improvement processes that involve regular assessments of performance metrics and customer feedback to refine offerings.

Ziff Davis, Inc. remains firmly committed to these core values, continuously striving to integrate them into its daily operations and long-term strategies. The company's focus on integrity, innovation, customer focus, collaboration, and excellence not only defines its corporate culture but also positions it as a leader in the industry.

Updated on 16 Nov 2024

Resources:

1. Ziff Davis, Inc. (ZD) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Ziff Davis, Inc. (ZD)' financial performance, including balance sheets, income statements, and cash flow statements.
2. SEC Filings – View Ziff Davis, Inc. (ZD)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.