Ziff Davis reported second quarter 2026 revenue of $286.7 million, a 2.7% decline year-over-year, while adjusted diluted EPS rose 13.2% to $1.03. The company completed the sale of its Connectivity business to Accenture for $1.2 billion, generating cash proceeds that contributed to a $1.6 billion cash balance as of June 30, 2026. Management repurchased 2.6 million shares for $121.5 million during the quarter, bringing total year-to-date buybacks to over $200 million and reducing shares outstanding by nearly 11% over seven months. AI now authors approximately 50% of new or updated code, doubling within a single quarter and enabling 24% more code shipped with lower engineering headcount. The company expects third quarter revenue to decline low to mid-single digits year-over-year, with adjusted EBITDA margin improving modestly.
Ziff Davis IncZiff Davis reported Q2 earnings with EPS up 13.2%, completed a $1.2B sale, and repurchased shares, all positive financial events.
Accenture plc