Tuesday, May 12, 2020

J2 Global Sees Revenues Rise In Q1

Los Angeles-based J2 Global, which operates a large number of Internet related businesses, reported its first quarter results on Monday. According to J2 Global, its Q1 2020 quarterly revenues increased 10.8% for its first quarter, to $332.4M. The company--which is an avid acquirer of companies--said it deployed $19M for acquisitions in the quarter, and $36M in contingent payments from acquisitions from previous years. The company is now sitting on $625M in cash and investments. J2 Global operates such online services as IGN, Mashable, Humble Bundle, Speedtest, PCMag, Offers.com, Spiceworks, Everyday Health, BabyCenter and What To Expect, plus eFax, eVoice, iContact, Campaigner, Vipre, IPVanish and KeepItSafe.