Loading...
•
Mar 31, 2021
Ziff Davis Q1 2021 Earnings Report
Reported record results and raised full year guidance.
Key Takeaways
J2 Global reported a record first quarter with revenues increasing by 19.8% to $398.2 million and adjusted non-GAAP EPS increasing by 55.8% to $2.18. The company also raised its full year 2021 guidance for revenue, adjusted EBITDA, and adjusted non-GAAP EPS.
Q1 2021 quarterly revenues increased 19.8% to a Q1 record of $398.2 million compared to $332.4 million for Q1 2020.
GAAP earnings per diluted share increased to $1.67 in Q1 2021 compared to $(0.13) for Q1 2020.
Adjusted non-GAAP earnings per diluted share for the quarter increased 55.8% to $2.18 as compared to $1.40 for Q1 2020.
Based on better-than-expected operating performance, the Company is raising its revenue, Adjusted EBITDA, and Adjusted non-GAAP EPS estimates.
Ziff Davis
Ziff Davis
Forward Guidance
The Company is raising its revenue, Adjusted EBITDA, and Adjusted non-GAAP EPS estimates for the full year 2021.
Positive Outlook
- Revenue raised from a range of $1,630 - $1,676 million to $1,676 - $1,700 million
- Adjusted EBITDA raised from a range of $646 - $666 million to $666 - $680 million
- Adjusted non-GAAP EPS raised from a range of $8.93 - $9.27 to $9.27 - $9.51