Tuesday, August 11, 2020

J2 Global Sees Record Second Quarter

Los Angeles-based J2 Global, which owns a large number of online brands--including IGN, Mashable, Offers.com, BabyCenter, eFax, and iContact--says it saw record, second quarter 2020 results. The company said that, for its second quarter ended June 30, it saw second quarter record revenues of $331.0M, compared to $322.4M for Q2 of 2019. The company attributed the growth to the "strength and quality" of its business and "adaptability and focus" for the record breaking revenues. The company said it ended the quarter with approximately $711M in cash, cash equivalents, and investments.