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TheStreet Open House

J2 Global Reports Q4 And Year End 2012 Results And Provides 2013 Outlook

j2 Global, Inc. (NASDAQGS:JCOM) today reported financial results for the fourth quarter and year ended December 31, 2012, provided fiscal 2013 financial estimates and announced that its Board of Directors has declared an increased quarterly cash dividend of $0.2325 per share.

FOURTH QUARTER 2012 RESULTS

Quarterly revenues increased 19.9% to a record $102 million compared to $85.1 million for Q4 2011.

Earnings per diluted share for the quarter increased 4.8% to $0.65 compared to $0.62 for Q4 2011. Non-GAAP earnings per diluted share (1)(2) increased 9.4% to $0.70 compared to $0.64 for Q4 2011.

Quarterly EBITDA (3) increased 13.4% to a record $52.3 million compared to $46.1 million for Q4 2011.

Q4 2012 free cash flow (4) increased 12.7% to $45.2 million compared to $40.1 million for Q4 2011.

Cancel rate (5) for the quarter continued to decline to an all-time record of 2.2%.

j2 ended the quarter with $344 million in cash and investments after deploying $173.4 million during the quarter for the acquisition of Ziff Davis, Inc. and j2's regular quarterly dividend.

Key financial results for fourth quarter 2012 versus fourth quarter 2011 are set forth in the following table (in millions, except per share). Reconciliations of non-GAAP earnings per diluted share, EBITDA and free cash flow to their nearest comparable GAAP financial measures are attached to this Press Release.

                   
      Q4 2012     Q4 2011     % Change  
Revenues     $102 million     $85.1 million     19.9 %
Earnings per Diluted Share (1)     $ 0.65     $ 0.62     4.8 %
Non-GAAP Earnings per Diluted Share (1) (2)     $ 0.70     $ 0.64     9.4 %
EBITDA (3)     $52.3 million     $46.1 million     13.4 %
Free Cash Flow (4)     $45.2 million     $40.1 million     12.7 %
       

FULL YEAR 2012 RESULTS

Annual revenues increased 12.5% to a record $371.4 million compared to $330.2 million for 2011.

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