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Sep 30, 2020
Ziff Davis Q3 2020 Earnings Report
Reported record third quarter revenues and raised full year 2020 estimates.
Key Takeaways
J2 Global reported a 3.7% increase in quarterly revenues to a record $357.0 million compared to Q3 2019. GAAP earnings per diluted share increased 111.7% to $1.31, and adjusted non-GAAP earnings per diluted share increased 19.1% to $2.02.
Q3 2020 quarterly revenues increased 3.7% to $357.0 million compared to $344.1 million for Q3 2019.
Net cash provided by operating activities increased to $114.4 million compared to $97.1 million for Q3 2019.
Q3 2020 free cash flow increased 19.9% to $93.7 million compared to $78.2 million for Q3 2019.
GAAP earnings per diluted share increased 111.7% to $1.31 in Q3 2020 compared to $0.62 for Q3 2019.
Ziff Davis
Ziff Davis
Forward Guidance
For fiscal year 2020, the Company is increasing its estimates, expecting to achieve revenues between $1.447 billion and $1.462 billion; Adjusted EBITDA between $595 million and $605 million; and Adjusted non-GAAP earnings per diluted share of between $7.85 and $8.00.