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

Stocks in this article: JCOM

Earnings per diluted share for the year increased 7.4% to a record $2.61 compared to $2.43 for 2011. 2012 Non-GAAP earnings per diluted share (6)(7) increased 6.3% to a record $2.69 compared to $2.53 for 2011.

Annual EBITDA (3) increased 16.1% to a record $196.0 million compared to $168.8 million for 2011.

Free cash flow (4) for the year increased 5.4% to a record $166.0 million compared to $157.5 million for 2011.

Annual cancel rate (5) was an all-time record low of 2.3%.

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

                 
      2012     2011   % Change
Revenues     $371.4 million     $330.2 million     12.5 %
Earnings per Diluted Share (6)     $ 2.61     $ 2.43     7.4 %
Non-GAAP Earnings per Diluted Share (6) (7)     $ 2.69     $ 2.53     6.3 %
EBITDA (3)     $196.0 million     $168.8 million     16.1 %
Free Cash Flow (4)     $166.0 million     $157.5 million     5.4 %
       

“I am proud of our accomplishments during 2012 and enthusiastic about the prospects for our business going forward,” said Hemi Zucker, CEO of j2 Global. “We grew our cloud services business by more than 9% and decreased our cancel rate to the lowest in the Company’s history, underscoring the value we deliver to our customers. We continue to pursue larger acquisitions for our cloud business. During 2012 we also established our digital media business with the acquisition of Ziff Davis and in 2013 have grown that business with our purchase of IGN, positioning us for additional acquisitions in the digital media space as well.”

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