This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

J2 Reports Q3 2013 Results

j2 Global, Inc. (NASDAQGS:JCOM) today reported financial results for the third quarter ended September 30, 2013 and announced that its Board of Directors has declared a quarterly cash dividend of $0.255 per share, j2’s ninth consecutive quarterly dividend increase.

THIRD QUARTER 2013 RESULTS

Quarterly revenues increased 37.0% to $127.8 million compared to $93.2 million for Q3 2012 driven primarily by Digital Media revenues of $33.5 million compared to nil for Q3 2012 and 4.2% growth in Business Cloud Services subscription revenues to $93.4 million compared to $89.6 million for Q3 2012, partially offset by a decrease in intellectual property (IP) licensing revenues to $1.0 million from $3.0 million for Q3 2012.

GAAP earnings per diluted share (EPS) was impacted by $0.13 in the quarter due to $0.07 of “additional income tax benefit from prior years” recognized in Q3 2012 but not in Q3 2013, $0.03 from the shortfall in IP licensing revenues and $0.02 in additional interest expense recognized in Q3 2013 from a full-quarter of interest on j2’s Senior Notes versus approximately nine weeks of such interest in Q3 2012, resulting in Q3 2013 GAAP EPS of $0.59 compared to $0.69 for Q3 2012. Non-GAAP EPS (1)(2) was impacted by $0.06 in the quarter due to $0.03 from the shortfall in IP licensing revenues and $0.02 from the incremental interest expense on j2’s Senior Notes, resulting in Q3 2013 Non-GAAP EPS of $0.64 compared to $0.65 for Q3 2012.

Quarterly EBITDA (3) increased 5.6% to $52.8 million compared to $50.0 million for Q3 2012, despite a reduction of $2.0 million in EBITDA from IP licensing.

Free cash flow (4) for the quarter decreased to $22.3 million compared to $37.1 million for Q3 2012, primarily due to increases in accounts receivable related to the Digital Media division and the timing of payments of accounts payable and accrued expenses versus Q3 2012 resulting in a change in the Company’s working capital accounts of $11.5 million and an increase in capital additions of $4.2 million versus Q3 2012.

Cancel rate (5) for the quarter improved to 2.27% versus 2.28% for Q3 2012, remaining at near historic lows.

Net paid DIDs grew by approximately 29,000 during the quarter and total net paid DIDs deployed at quarter-end reached an all-time high of 2.22 million.

Stock quotes in this article: JCOM 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,399.90 -24.95 -0.15%
S&P 500 1,862.50 +0.19 0.01%
NASDAQ 4,087.6510 +1.4260 0.03%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs