J2 Global Reports Fourth Quarter and Year End 2019 Results and Provides 2020 Outlook
j2 Global, Inc. (JCOM)
Last j2 global, inc. earnings: 2/10 05:26 pm
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Source: Business Wire
Achieves Record RevenuesProvides Fiscal 2020 Financial Estimates LOS ANGELES--(BUSINESS WIRE)--J2 Global, Inc. (NASDAQ: JCOM) today reported financial results for the fourth quarter and year ended December 31, 2019, and provided fiscal 2020 financial estimates.“We had a tremendous finish to a very strong year and have more than doubled our revenues from five years ago,” said Vivek Shah, CEO of J2 Global. “We’re excited to carry that momentum into 2020 with a strong portfolio, balance sheet and leadership team.”FOURTH QUARTER 2019 HIGHLIGHTSQ4 2019 quarterly revenues increased 17.2% to a Q4 record of $405.6 million compared to $346.1 million for Q4 2018.Net cash provided by operating activities decreased 3.7% to $103.2 million compared to $107.2 million for Q4 2018. Q4 2019 free cash flow(2) decreased 14.3% to $82.1 million compared to $95.8 million for Q4 2018. The decrease over the prior comparable period is primarily due to a greater percentage of revenues and EBITDA coming from
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