j2 Global(ZD) - 2024 Q4 - Annual Results

Financial Performance - Q4 2024 revenues increased by 5.9% to $412.8 million compared to $389.9 million in Q4 2023[4] - Net income for Q4 2024 rose by 1.0% to $64.1 million, with net income per diluted share increasing to $1.43, up from $1.29 in Q4 2023[4] - Full year 2024 revenues increased by 2.8% to $1.40 billion compared to $1.36 billion in 2023[4] - Net income for the year 2024 was $63.0 million, compared to $41.5 million in 2023, reflecting a 51.8% year-over-year growth[22] - The company reported a net income of $63,047,000 for the year 2024, up from $41,503,000 in 2023, representing a year-over-year increase of 52%[40] - Total revenues for the year ended December 31, 2024, reached $1,401,688,000, an increase of 2.7% from $1,364,028,000 in 2023[37] Cash Flow and Assets - Free cash flow for Q4 2024 was $131.1 million, a 99.0% increase from $65.9 million in Q4 2023[4] - The company reported a net cash provided by operating activities of $390.3 million for the year 2024, compared to $320.0 million in 2023, a growth of 21.8%[22] - Cash and cash equivalents decreased to $505.9 million in 2024 from $737.6 million in 2023, a decline of 31.4%[21] - Total current assets increased to $1.27 billion in 2024, up from $1.19 billion in 2023, representing a growth of 6.8%[18] - Free cash flow for 2024 was $283,680, compared to $211,233 in 2023, indicating a year-over-year increase of approximately 34%[55] - Net cash provided by operating activities for 2024 totaled $390,315, up from $319,962 in 2023[55] Expenses and Costs - Operating costs and expenses for Q4 2024 totaled $334.3 million, up from $309.2 million in Q4 2023, an increase of 8.1%[20] - Share-based compensation expenses increased to $10,282 thousand in Q4 2024 from $7,527 thousand in Q4 2023, reflecting a rise of 36.8%[31] - Acquisition, integration, and other costs totaled $23,386 thousand in Q4 2024, compared to $9,649 thousand in Q4 2023, reflecting a substantial increase of 142.5%[34] - The company incurred acquisition, integration, and other costs of $29,805,000 in 2024, significantly higher than $13,498,000 in 2023, marking a rise of 120%[40] - Direct costs for 2024 were reported at $(199,315), while sales and marketing costs were $(496,866)[49] Segment Performance - A new segment reporting structure has been introduced, now comprising five operating segments: Technology & Shopping, Gaming & Entertainment, Health & Wellness, Connectivity, and Cybersecurity & Martech[11] - The Technology & Shopping segment generated revenues of $132,922 thousand in Q4 2024, a rise from $105,222 thousand in Q4 2023, marking a growth of 26.5%[34] - The Health & Wellness segment reported revenues of $105,671 thousand in Q4 2024, slightly down from $106,449 thousand in Q4 2023, a decrease of 0.73%[34] Goodwill and Impairments - The company incurred a goodwill impairment of $85.3 million in 2024, compared to $56.9 million in 2023[20] - Goodwill impairment recorded in 2024 was $85,273 thousand, compared to $56,850 thousand in 2023, showing an increase of 50.4%[31] - Goodwill impairment for 2024 was $85,273,000, consistent with the previous year's impairment of $56,850,000[40] Future Projections - The company expects 2025 revenue to range between $1.442 billion and $1.502 billion, representing a growth of 2.9% to 7.2%[9] - Adjusted diluted EPS for 2025 is projected to be between $6.64 and $7.28, indicating a growth of 0.3% to 10.0%[9] Equity and Liabilities - Total stockholders' equity decreased to $1.81 billion in 2024 from $1.89 billion in 2023, a decline of 4.2%[18] - Total liabilities rose to $1.89 billion in 2024, compared to $1.58 billion in 2023, marking an increase of 19.7%[18] Other Financial Metrics - Adjusted EBITDA for Q4 2024 increased by 2.5% to $171.8 million, while the adjusted EBITDA margin was 41.6%[4] - Adjusted EBITDA for 2024 was $493,508,000, compared to $482,309,000 in 2023, reflecting a growth of 2.3%[37] - The adjusted net income for 2024 was $294,461,000, compared to $287,362,000 in 2023, showing a slight increase of 2.4%[40] - The loss from equity method investments for 2024 was $11,223,000, compared to a gain of $8,204,000 in 2023, indicating a significant negative shift[40]