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Jun 30, 2020
Ziff Davis Q2 2020 Earnings Report
J2 Global achieved record second-quarter revenues, driven by adaptability and focus in a challenging environment.
Key Takeaways
J2 Global reported a record second-quarter revenue of $331.0 million, a 2.7% increase compared to Q2 2019. The company's GAAP earnings per diluted share increased by 21.1% to $0.80, and adjusted non-GAAP earnings per diluted share increased by 7.0% to $1.71. J2 Global also announced a share repurchase program of up to 10 million shares.
Record second quarter revenues of $331.0 million, up 2.7% year-over-year.
GAAP earnings per diluted share increased 21.1% to $0.80.
Free cash flow increased 35.1% to $115.9 million.
Share repurchase program of up to 10 million shares approved.
Ziff Davis
Ziff Davis
Forward Guidance
The Company has reinstated full-year guidance and now estimates that for fiscal year 2020 it will achieve revenues between $1.380 billion and $1.400 billion; Adjusted EBITDA between $556 million and $570 million; and Adjusted non-GAAP earnings per diluted share of between $7.17 and $7.41.