NASDAQ$ZD

Ziff Davis, Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

J2 Global reported record first-quarter revenues, but GAAP net income and EPS decreased due to investment write-downs.

J2 Global reported a 10.8% increase in revenue to $332.4 million, a record for the first quarter. However, GAAP net loss was $(6.4) million, and GAAP loss per diluted share was $(0.13), due to the write-down of certain investments. Adjusted non-GAAP EPS remained at $1.40.

  • Q1 2020 revenues increased 10.8% to a record $332.4 million compared to $299.9 million for Q1 2019.
  • GAAP net (loss) income decreased by 119.7% to $(6.4) million as compared to $32.4 million for Q1 2019.
  • Adjusted non-GAAP earnings per diluted share for the quarter remained at $1.40 as compared to Q1 2019.
  • Q1 2020 free cash flow decreased 8.7% to $95.2 million compared to $104.3 million for Q1 2019.

Headline financials

Total Revenue

$332M

Previous: $300M+10.8%
EPS (adj)

$1.40

Previous: $1.40+0.0%
Capital Expenditures

-$26.9M

Previous: -$12.5M-114.5%
Free Cash Flow

-$33.3M

Previous: $19.9M-267.1%
Net Income

-$6.4M

Previous: $32.4M-119.7%
Operating Income

$55.2M

Previous: $50.9M+8.6%
Gross Profit

$273M

Previous: $249M+9.8%
Cash & Equivalents

$527M

Previous: $227M+132.4%
Total Assets

$3.37B

Previous: $2.64B+27.5%
Stock-Based Comp

$6.31M

Previous: $5.09M+24.1%

Revenue & EPS history

Ziff Davis · Revenue · Quarterly

$332M

Q1 2020+10.8%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The Company is withdrawing its previously issued financial guidance for fiscal 2020. Based on our current performance and expectations, we anticipate Q2 2020 revenues to be slightly down versus Q2 2019 and Adjusted EBITDA and Adjusted non-GAAP EPS to be down single digit percentages versus Q2 2019.

Headwinds

  • The Company is withdrawing its previously issued financial guidance for fiscal 2020.
  • Anticipate Q2 2020 revenues to be slightly down versus Q2 2019.
  • Adjusted EBITDA to be down single digit percentages versus Q2 2019.
  • Adjusted non-GAAP EPS to be down single digit percentages versus Q2 2019.
  • Limited visibility into the macroeconomic factors that would inform our financial projections for Q3 and Q4 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.9%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+2.8%

Avg return

30 days after

49%

33 / 68 earnings

Positive

+20.4%

Q3 2024

Best reaction

-15.1%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.2%-6.4%+5.9%
Q4 2025-15.1%-8.4%+46.6%
Q3 2025-2.3%-3.3%+5.5%
Q1 2025-4.6%+3.3%+2.8%
Q4 2024-9.5%-15.9%-19.7%
Q3 2024+20.4%+18.0%+19.2%
Q2 2024+3.6%+6.3%+16.4%
Q1 2024-2.4%+4.2%+3.7%
Q4 2023+5.2%+7.2%-3.0%
Q3 2023-0.4%+8.2%+3.7%
Q2 2023-3.0%-6.5%-5.7%
Q1 2023-1.9%-1.8%+1.4%
Q4 2022+0.1%-0.6%-7.7%
Q3 2022+17.3%+17.6%+16.3%
Q2 2022+0.0%+1.4%-6.9%
Q1 2022-2.7%-11.5%-13.5%
Q4 2021+5.1%+4.2%-3.1%
Q3 2021-1.9%+1.7%-16.6%
Q2 2021-2.3%-3.7%-3.7%
Q1 2021+3.7%+4.4%+8.2%
Q4 2020-0.2%+2.6%+11.0%
Q3 2020+4.0%+7.5%+24.4%
Q2 2020+3.3%+16.2%+17.0%
Q1 2020+5.7%-6.6%+5.0%
Q4 2019-2.9%-1.0%-16.7%
Q3 2019-0.9%+3.3%+1.8%
Q2 2019-1.8%-0.2%+7.7%
Q1 2019+1.9%+2.2%-3.2%
Q4 2018+10.8%+14.2%+15.1%
Q3 2018+4.6%+3.7%-0.2%
Q2 2018-6.1%-4.0%-5.3%
Q1 2018+4.8%+3.6%+3.7%
Q4 2017-1.2%-4.6%+8.2%
Q3 2017+2.2%+0.4%+0.6%
Q2 2017-6.7%-7.5%-10.1%
Q1 2017-1.8%-6.4%-6.6%
Q4 2016+3.1%-0.6%+1.0%
Q3 2016-5.1%-4.6%+4.0%
Q2 2016+2.4%+2.1%+2.0%
Q1 2016+2.6%
Q4 2015+17.5%
Q3 2015-0.5%
Q2 2015+6.4%
Q1 2015-1.1%
Q4 2014+10.5%
Q3 2014+1.7%
Q2 2014+1.9%
Q1 2014+5.2%
Q4 2013+6.7%
Q3 2013-9.1%
Q2 2013+4.6%
Q1 2013-7.7%
Q4 2012+14.8%
Q3 2012+1.9%
Q2 2012-1.3%
Q1 2012+2.1%
Q4 2011-3.3%
Q3 2011-3.1%
Q2 2011-2.8%
Q1 2010+1.5%
Q1 2011-0.4%
Q4 2008-1.0%
Q4 2010-1.0%
Q3 2009+2.1%
Q3 2010+2.1%
Q2 2010-2.9%
Q4 2009-2.9%
Q2 2009-2.9%

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