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J2 Global, Inc. (NASDAQ:JCOM) announced its participation in two virtual investor conferences in November. The RBC Virtual TIMT Conference will take place on November 18, 2020, at 2:40 PM ET, with a webcast available for attendees. Additionally, J2 Global will attend the Furey Gems Conference on November 19, 2020, though there will be no formal presentation. J2 Global is known for its diverse portfolio, reaching over 230 million people monthly and boasting 24 consecutive years of revenue growth.
RetailMeNot, a subsidiary of J2 Global, has launched its second annual Cash Back Day from November 5-6, 2020. This event allows shoppers to earn up to 20% cash back from hundreds of retailers like Macy's and GameStop. The platform aims to enhance customer engagement by introducing new features including flash offers. Last year, participants earned an average of $19 cash back per order, leading to a total payout exceeding $450,000. Cash back rewards will be distributed by December 21, aligning with holiday shopping needs.
J2 Global, Inc. (NASDAQ: JCOM) reported a strong Q3 2020, with revenues reaching a record $357.0 million, a 3.7% increase from Q3 2019. Net income surged by 98% to $60.9 million, and GAAP earnings per diluted share jumped 111.7% to $1.31. Free cash flow rose 19.9% to $93.7 million. The company has completed its $420 million acquisition of RetailMeNot and increased its fiscal 2020 outlook, projecting revenues between $1.447 billion and $1.462 billion. The performance reflects robust operational strength amidst market uncertainty.
J2 Global, Inc. (Nasdaq: JCOM) will announce its Third Quarter 2020 Earnings on November 2, 2020, at 6:00 PM ET, followed by a live audio Webcast on November 3, 2020, at 8:30 AM ET. CEO Vivek Shah and CFO Scott Turicchi will host the call. Participants can access the materials via j2global.com or dial in at (844) 985-2014. This session is part of J2 Global's ongoing commitment to transparency, having achieved 24 consecutive years of revenue growth as of December 31, 2019.
J2 Global (NASDAQ: JCOM) announced a $6 million contribution in advertising inventory to the NAACP over three years. This partnership aims to support essential NAACP messages and initiatives, enhancing civic participation and promoting social justice. The collaboration, which began post-George Floyd's death, includes involvement in the #WeAreDoneDying campaign. J2's CEO, Vivek Shah, reaffirmed the company’s commitment to racial equity amidst significant societal challenges.
J2 Global, Inc. (NASDAQ: JCOM) has appointed Pamela M. Sutton-Wallace to its Board of Directors. Sutton-Wallace, who has over 25 years of healthcare experience, is currently the Senior Vice President and Regional Chief Operating Officer at New York Presbyterian. Previous roles include Chief Executive Officer at the University of Virginia Medical Center and Senior Vice President of Hospital Operations at Duke University Hospital. This addition highlights J2 Global's commitment to strengthening its presence in the healthcare sector, leveraging Sutton-Wallace's expertise.
J2 Global (Nasdaq: JCOM) announced the completion of three acquisitions and one divestiture in Q3 2020, expanding its global customer base and product offerings. Acquisitions include certain assets from ibVPN and Kickbox, as well as equity in SpatialBuzz, enhancing its Cloud Services notably in Canada and Romania. J2 Global also divested its Australia and New Zealand Cloud Services voice businesses, Fonebox and Zintel Communications. The financial impact of these acquisitions is not expected to be material. J2 Global has maintained 24 consecutive years of revenue growth.
J2 Global (NASDAQGS:JCOM) has announced the pricing of $750 million in 4.625% senior notes due 2030. The offering is set to close on October 7, 2020, under exemptions from the Securities Act. The notes will bear interest payable semi-annually, starting April 15, 2021, and will be secured by certain subsidiaries. J2 Global intends to use proceeds to redeem existing 6.0% senior notes due 2025 and terminate its current secured credit facility, with plans to establish a new one. Remaining funds will go toward general corporate purposes, acquisitions or further debt management.
J2 Global (NASDAQGS:JCOM) announced plans to offer $1.2 billion in senior notes due 2030 in a private offering, subject to market conditions. The unsecured notes will be guaranteed by certain domestic subsidiaries. Proceeds will primarily be used to redeem $650 million of existing senior notes due 2025 and for general corporate purposes, including potential acquisitions. The offering is exempt from registration under the Securities Act, targeting qualified institutional buyers and non-U.S. persons outside the U.S.
