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Achieves Record Third Quarter Revenues of $178.7 million (up 16.8% vs. Q3 2014), EBITDA of $84.3 million (up 30.3% vs. Q3 2014), 47.2% EBITDA margins and Adjusted Non-GAAP EPS of $1.04 (up 25.3% vs. Q3 2014)
Announces Seventeenth Consecutive Quarterly Dividend Increase
LOS ANGELES, CA – November 3, 2015 — /BackupReview.info/ — j2 Global, Inc. (NASDAQGS: JCOM) today reported financial results for the third quarter ended September 30, 2015 and announced that its Board of Directors has declared an increased quarterly cash dividend of$0.3150 per share.
j2 achieved several all-time quarterly records, notably:
THIRD QUARTER 2015 RESULTS
GAAP earnings per diluted share(2) for the quarter increased 28.3% to $0.77 compared to $0.60 for Q3 2014. Adjusted Non-GAAP earnings per diluted share(2)(3) for the quarter increased 25.3% to a Q3 record $1.04 compared to $0.83 for Q3 2014.
Quarterly EBITDA(1) increased 30.3% to a Q3 record $84.3 million compared to $64.7 million for Q3 2014.
Q3 2015 free cash flow(5) increased 26.9% to $49.6 million compared to $39.1 million for Q3 2014.
j2 ended the quarter with approximately $410.7 million in cash and investments after deploying $202 million during the quarter for acquisitions and j2′s regular quarterly dividend.
Key financial results for Q3 2015 versus Q3 2014 are set forth in the following table (in millions, except per share amounts). Reconciliations of earnings per diluted share, EBITDA and free cash flow to their nearest comparable GAAP financial measures are attached to this Press Release.
“I am extremely pleased with another record quarter,” said Hemi Zucker, CEO of j2 Global®. ”Our Q3 Revenue increased 17% year over year while Adjusted Non-GAAP EPS and EBITDA increased 25% and 30% respectively, validating our integration capabilities and growth strategy of disciplined, accretive M&A, expense optimization and organic growth initiatives. We are also proud to report that we crossed the 3,000,000 paying subscriber mark while maintaining record low monthly churn just under 2%. Our 47% EBITDA margins this quarter reflect impressive EBITDA margin improvement in both our Cloud Services and Digital Media segments as we scale our businesses and integrate acquisitions.”
Adjusted Non-GAAP earnings per diluted share for 2015 excludes share-based compensation of between $11 and $12 million, amortization of acquired intangibles and the impact of any currently unanticipated items, in each case net of tax.
It is anticipated that the normalized tax rate for 2015 (excluding certain expenses that may not be indicative of our recurring core business operating results) will be at the higher end of the provided business outlook range between 27% and 29%.
About j2 Global
For detailed Financial reports, visit:
Source: j2 Global, Inc.
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