Ziff Davis Sells Connectivity, Buys Back Shares | Business and Finance News

Ziff Davis just dropped a major financial update: they sold their Connectivity business to Accenture for $1.2 billion, bought back nearly 11% of their shares, and are now AI-powered — with AI writing most of their code by end of 2026. Despite a 2.7% revenue dip, adjusted EPS jumped 13%, free cash flow hit $54M, and key brands like CNET and IGN are thriving. Gaming and cybersecurity segments grew, while Tech & Shopping stabilized — all while shrinking engineering headcount and boosting innovation. This is a bold move to unlock shareholder value and position for the future. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/08bb947d5998cbcd