Ziff Davis: 3 Key Takeaways for Long-Term Investors

Ziff Davis reported Q3 2026 revenue of $289 million while facing significant headwinds from a 37% year-over-year decline in organic Google search referrals due to AI expansion. The company is responding by shifting toward subscription software, direct mobile apps, and social media channels. Management is deploying capital through aggressive share repurchases (reducing shares by 14% YTD), cutting headcount by 10%, and leveraging its $1.4 billion cash balance to protect margins during industry disruption.