Ziff Davis, Inc 10-Q for FY2020 Q3

Ziff Davis, Inc. (ZD)

10-Q 2020-11-09 For: 2020-09-30

Added on April 09, 2026

About this 10-Q

Ziff Davis, Inc filed this 10-Q on November 9, 2020, covering the quarter ended September 30, 2020 (FY2020 Q3).

Headline figures

Quarter ended September 30, 2020, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $356.98M; up 3.7% from $344.14M a year earlier
Net income: $60.88M; up 98.0% from net income of $30.75M a year earlier
Diluted EPS: $1.31; up 111.3% from $0.62 a year earlier

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Delaware			47-1053457
(State or other jurisdiction			(I.R.S. Employer
of incorporation or organization)			Identification No.)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value	JCOM	Nasdaq Stock Market LLC


			PAGE

PART I.	FINANCIAL INFORMATION

	Item 1.	Financial Statements
		Condensed Consolidated Balance Sheets (unaudited)	3
		Condensed Consolidated Statements of Operations (unaudited)	4
		Condensed Consolidated Statements of Comprehensive Income (unaudited)	5
		Condensed Consolidated Statements of Cash Flows (unaudited)	6
		Condensed Consolidated Statements of Stockholders’ Equity (unaudited)	8
		Notes to Condensed Consolidated Financial Statements (unaudited)	10

	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	46

	Item 3.	Quantitative and Qualitative Disclosures About Market Risk	59

	Item 4.	Controls and Procedures	60


PART II.	OTHER INFORMATION

	Item 1.	Legal Proceedings	61

	Item 1A.	Risk Factors	61

	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	61

	Item 3.	Defaults Upon Senior Securities	63

	Item 4.	Mine Safety Disclosures	63

	Item 5.	Other Information	63

	Item 6.	Exhibits	63

		Signature	64


	September 30, 2020		December 31, 2019
ASSETS
Cash and cash equivalents	$	567,930	$	575,615


Accounts receivable, net of allowances of $13,202 and $12,701, respectively	192,800		261,928
Prepaid expenses and other current assets	46,594		49,347


Total current assets	807,324		886,890
Long-term investments	96,575		100,079
Property and equipment, net	147,268		127,817
Operating lease right-of-use assets	97,439		125,822
Trade names, net	126,859		138,029

Customer relationships, net	190,689		238,502
Goodwill	1,661,546		1,633,033
Other purchased intangibles, net	142,018		180,022
Deferred income taxes, noncurrent	57,490		59,976
Other assets	15,785		15,676

TOTAL ASSETS	$	3,342,993	$	3,505,846
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued expenses	$	177,820	$	238,059
Income taxes payable, current	12,733		17,758
Deferred revenue, current	155,806		162,855


Operating lease liabilities, current	27,673		26,927


Current portion of long-term debt	393,980		385,532
Other current liabilities	901		1,973

Total current liabilities	768,913		833,104
Long-term debt	1,075,071		1,062,929
Deferred revenue, noncurrent	11,232		12,744

Operating lease liabilities, noncurrent	87,563		104,070
Income taxes payable, noncurrent	11,675		11,675
Liability for uncertain tax positions	60,197		52,451
Deferred income taxes, noncurrent	115,356		107,453
Other long-term liabilities	36,649		10,228

TOTAL LIABILITIES	2,166,656		2,194,654
Commitments and contingencies	—		—
Preferred stock, $0.01 par value. Authorized 1,000,000 and none issued	—		—
Preferred stock - Series A, $0.01 par value. Authorized 6,000; total issued and outstanding zero	—		—
Preferred stock - Series B, $0.01 par value. Authorized 20,000; total issued and outstanding zero	—		—
Common stock, $0.01 par value. Authorized 95,000,000; total issued and outstanding 44,767,341 and 47,654,929 shares at September 30, 2020 and December 31, 2019, respectively.	448		476
Additional paid-in capital	451,741		465,652

Retained earnings	782,142		891,526
Accumulated other comprehensive loss	(57,994)		(46,462)
TOTAL STOCKHOLDERS’ EQUITY	1,176,337		1,311,192
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	3,342,993	$	3,505,846


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Total revenues	$	356,976	$	344,141	$	1,020,353	$	966,466

Cost of revenues (1)	55,822		61,716		171,755		172,995
Gross profit	301,154		282,425		848,598		793,471
Operating expenses:
Sales and marketing (1)	95,074		98,486		287,317		273,812
Research, development and engineering (1)	14,261		13,770		43,273		38,692
General and administrative (1)	114,381		110,810		312,283		314,132
Total operating expenses	223,716		223,066		642,873		626,636
Income from operations	77,438		59,359		205,725		166,835
Interest expense, net	22,712		17,271		65,879		50,625
Gain on sale of businesses	(17,122)		—		(17,122)		—
Loss on investments, net	156		7		20,991		45
Other (income) expense, net	(14,230)		857		(16,413)		2,657
Income before income taxes and net loss (income) in earnings of equity method investment	85,922		41,224		152,390		113,508
Income tax expense	24,330		6,998		49,011		17,851
Net loss (income) in earnings of equity method investment	709		3,481		10,799		(126)
Net income	$	60,883	$	30,745	$	92,580	$	95,783

Net income per common share:
Basic	$	1.31	$	0.63	$	1.96	$	1.98
Diluted	$	1.31	$	0.62	$	1.93	$	1.93
Weighted average shares outstanding:
Basic	46,279,515		47,673,211		46,914,750		47,654,327
Diluted	46,309,072		49,064,272		47,620,308		48,892,523

(1) Includes share-based compensation expense as follows:
Cost of revenues	$	136	$	127	$	413	$	390
Sales and marketing	321		419		1,135		1,212
Research, development and engineering	425		373		1,340		1,092
General and administrative	4,918		5,527		15,755		15,700
Total	$	5,800	$	6,446	$	18,643	$	18,394


	Nine Months Ended September 30,
Cash flows from operating activities:	2020		2019
Net income	$	92,580	$	95,783
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	163,680		170,409

Amortization of financing costs and discounts	21,393		9,072
Non-cash operating lease costs	15,686		14,474
Share-based compensation	18,643		18,394
Provision for doubtful accounts	9,508		9,217
Deferred income taxes, net	7,815		2,850


Gain on sale of businesses	(17,122)		—
Lease asset impairments and other charges	9,786		—

Changes in fair value of contingent consideration	(243)		8,044
Foreign currency remeasurement gain	(15,919)		—
Loss (income) on equity method investments	10,799		(166)
Loss on equity and debt investments	20,826		—
Decrease (increase) in:
Accounts receivable	57,560		29,953
Prepaid expenses and other current assets	(3,279)		(10,094)
Other assets	543		(1,528)
Increase (decrease) in:
Accounts payable and accrued expenses	(26,430)		623
Income taxes payable	(496)		(15,179)
Deferred revenue	(10,494)		777
Operating lease liabilities	(12,857)		(13,612)
Liability for uncertain tax positions	7,746		(9,144)
Other long-term liabilities	6,284		(566)
Net cash provided by operating activities	356,009		309,307
Cash flows from investing activities:

Distribution from equity method investment	—		10,288
Purchases of equity method investment	(29,979)		(22,338)
Purchases of equity investments	(843)		—


Purchases of property and equipment	(71,266)		(49,483)
Acquisition of businesses, net of cash received	(27,156)		(411,349)
Proceeds from sale of businesses	24,353		—
Proceeds from sale of assets	507		—
Purchases of intangible assets	(2,902)		(46)
Net cash used in investing activities	(107,286)		(472,928)
Cash flows from financing activities:


Payment of note payable	(400)		(5,100)

Proceeds from line of credit	—		185,000
Repayment of line of credit	—		(57,000)
Repurchase of common stock	(238,905)		(20,562)
Issuance of common stock under employee stock purchase plan	3,303		1,995
Exercise of stock options	952		5,274
Dividends paid	—		(43,966)
Deferred payments for acquisitions	(20,427)		(17,734)
Other	(1,377)		(1,055)
Net cash (used in) provided by financing activities	(256,854)		46,852
Effect of exchange rate changes on cash and cash equivalents	446		(520)
Net change in cash and cash equivalents	(7,685)		(117,289)
Cash and cash equivalents at beginning of period	575,615		209,474
Cash and cash equivalents at end of period	$	567,930	$	92,185


													Accumulated
	Common stock			Additional paid-in	Treasury stock			Retained	other comprehensive						Total Stockholders’
	Shares	Amount				capital		Shares	Amount		earnings		loss			Equity
Balance, July 1, 2019	47,765,869	$	478			$	365,687	—	$	—	$	752,040	$	(46,107)		$	1,072,098

Net income	—	—				—		—	—		30,745		—			30,745
Other comprehensive income, net of tax expense of zero	—	—				—		—	—		—		(8,166)			(8,166)



Vested restricted stock	26,989	—				—		—	—		—		—			—
Repurchase and retirement of common stock	(206,923)	(2)				(2,160)		—	—		(14,593)		—			(16,755)


Share based compensation	—	—				6,446		—	—		—		—			6,446
Balance, September 30, 2019	47,585,935	$	476			$	369,973	—	$	—	$	768,192	$	(54,273)		$	1,084,368


													Accumulated
	Common stock			Additional paid-in	Treasury stock			Retained	other comprehensive						Total Stockholders’
	Shares	Amount				capital		Shares	Amount		earnings		loss			Equity
Balance, January 1, 2019	48,082,800	$	481			$	354,210	(600,000)	$	(42,543)	$	769,575	$	(45,979)		$	1,035,744

Net income	—	—				—		—	—		95,783		—			95,783
Other comprehensive income, net of tax expense of $184	—	—				—		—	—		—		(8,294)			(8,294)
Dividends ($0.9000 per share)	—	—				—		—	—		(43,966)		—			(43,966)
Exercise of stock options	156,038	2				5,272		—	—		—		—			5,274
Issuance of shares under employee stock purchase plan	32,154	—				1,995		—	—		—		—			1,995
Vested restricted stock	167,746	1				(1)		—	—		—		—			—
Repurchase and retirement of common stock	(852,803)	(8)				(9,832)		600,000	42,543		(53,265)		—			(20,562)


Share based compensation	—	—				18,329		—	—		65		—			18,394
Balance, September 30, 2019	47,585,935	$	476			$	369,973	—	$	—	$	768,192	$	(54,273)		$	1,084,368


	Three Months Ended September 30,				Nine Months Ended September 30,
Digital Media	2020		2019		2020		2019
Advertising	$	135,219	$	123,463	$	371,403	$	339,024
Subscription	49,386		47,048		136,534		128,402
Other	2,179		2,481		5,525		6,608
Total Digital Media revenues	$	186,784	$	172,992	$	513,462	$	474,034

Cloud Services
Subscription	$	170,233	$	170,971	$	507,021	$	491,669
Other	15		192		69		871
Total Cloud Services revenues	$	170,248	$	171,163	$	507,090	$	492,540

Corporate	$	—	$	3	$	1	$	6
Elimination of inter-segment revenues	(56)		(17)		(200)		(114)
Total Revenues	$	356,976	$	344,141	$	1,020,353	$	966,466

Timing of revenue recognition
Point in time	$	8,396	$	10,371	$	19,366	$	24,315
Over time	348,580		333,770		1,000,987		942,151
Total	$	356,976	$	344,141	$	1,020,353	$	966,466


Assets and Liabilities		Valuation
Accounts receivable	$	875
Prepaid expenses and other current assets		91
Property and equipment		53
Operating lease right of use asset		113
Trade names		1,527
Customer relationships		10,681
Goodwill		23,817

Other intangibles		5,272


Accounts payable and accrued expenses		(373)
Deferred revenue		(2,390)
Operating lease liabilities, current		(95)


Operating lease liabilities, non-current		(19)


Deferred tax liability		(405)


Total	$	39,147


	Cost		Impairment		Adjustments		Reported Amount
September 30, 2020
Equity securities	$	54,145	$	(23,769)	$	(480)	$	29,896
Total	$	54,145	$	(23,769)	$	(480)	$	29,896

December 31, 2019
Equity securities	$	34,977	$	(4,164)	$	(3,678)	$	27,135
Total	$	34,977	$	(4,164)	$	(3,678)	$	27,135


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
September 30, 2020
Corporate debt securities	$	511	$	142	$	—	$	653
Total	$	511	$	142	$	—	$	653

December 31, 2019
Corporate debt securities	$	23,256	$	112	$	(698)	$	22,670
Total	$	23,256	$	112	$	(698)	$	22,670


	September 30, 2020		December 31, 2019
Due within 1 year	$	—	$	—
Due within more than 1 year but less than 5 years	653		22,670
Due within more than 5 years but less than 10 years	—		—
Due 10 years or after	—		—
Total	$	653	$	22,670








	As of December 31, 2019
	Less than 12 Months				12 Months or Greater				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Corporate debt securities	$	—	$	—	$	22,047	$	(698)	$	22,047	$	(698)
Total	$	—	$	—	$	22,047	$	(698)	$	22,047	$	(698)


	September 30, 2020		December 31, 2019
Equity method investment	$	66,026	$	50,274
Maximum exposure to loss	$	66,026	$	50,274


			§			Level 1 – Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

			§			Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

			§			Level 3 – Unobservable inputs which are supported by little or no market activity.


	Valuation Technique	Unobservable Input	Range	Weighted Average
Contingent Consideration	Option-Based Model	Risk free rate	1.9% - 2.9%	1.9	%
		Debt spread	0.0% - 33.5%	12.6	%
		Probabilities	5.0% - 100.0%	77.8	%
		Present value factor	3.6% - 4.8%	3.8	%
		Discount rate	28.6%	28.6	%


	Fax and Martech		Voice, Backup, Security and CPP		Total Cloud Services		Digital Media		Consolidated
Balance as of January 1, 2020	$	397,788	$	480,084	$	877,872	$	755,161	$	1,633,033
Goodwill acquired (Note 4)	21,950		—		21,950		1,867		23,817
Goodwill written off related to sale of a business (1)	—		(4,751)		(4,751)		—		(4,751)
Purchase accounting adjustments (2)	—		(2,130)		(2,130)		9,721		7,591
Foreign exchange translation	2,226		(358)		1,868		(12)		1,856
Balance as of September 30, 2020	$	421,964	$	472,845	$	894,809	$	766,737	$	1,661,546


	Weighted-Average Amortization Period	Historical Cost		Accumulated Amortization		Net
Trade names	10.1 years	$	193,701	$	94,259	$	99,442
Patent and patent licenses	5.5 years	67,949		66,805		1,144
Customer relationships (1)	8.5 years	630,768		440,079		190,689
Other purchased intangibles	4.4 years	383,555		246,998		136,557
Total		$	1,275,973	$	848,141	$	427,832


September 30, 2020	Level 1		Level 2		Level 3		Fair Value
Assets:
Cash equivalents:
Money market and other funds	$	317,107	$	—	$	—	$	317,107









Corporate debt securities	—		653		—		653
Total assets measured at fair value	$	317,107	$	653	$	—	$	317,760

Liabilities:
Contingent consideration	$	—	$	—	$	8,352	$	8,352
Total liabilities measured at fair value	$	—	$	—	$	8,352	$	8,352

December 31, 2019	Level 1		Level 2		Level 3		Fair Value
Assets:
Cash equivalents:
Money market and other funds	$	395,664	$	—	$	—	$	395,664








Corporate debt securities	—		623		22,047		22,670
Total assets measured at fair value	$	395,664	$	623	$	22,047	$	418,334

Liabilities:
Contingent consideration	$	—	$	—	$	37,887	$	37,887
Total liabilities measured at fair value	$	—	$	—	$	37,887	$	37,887


	Level 3		Affected line item in the Statement of Operations
Balance as of January 1, 2020	$	37,887
Contingent consideration	8,106
Total fair value adjustments reported in earnings	(243)		General and administrative
Contingent consideration payments	(37,398)		Not applicable
Balance as of September 30, 2020	$	8,352


	September 30, 2020		December 31, 2019
Trade names	$	27,417	$	27,379
Other	4,317		4,306
Total	$	31,734	$	31,685


	September 30, 2020		December 31, 2019
6.0% Senior Notes	$	650,000	$	650,000
Convertible Notes:
3.25% Convertible Notes	402,414		402,500
1.75% Convertible Notes	550,000		550,000
Total Notes	1,602,414		1,602,500

Less: Unamortized discount	120,910		139,981
Deferred issuance costs	12,453		14,058
Total long-term debt	1,469,051		1,448,461
Less: current portion	393,980		385,532
Total long-term debt, less current portion	$	1,075,071	$	1,062,929


	September 30, 2020		December 31, 2019
Operating leases
Operating lease right-of-use assets	$	97,439	$	125,822

Total operating lease right-of-use assets	$	97,439	$	125,822

Operating lease liabilities, current	$	27,673	$	26,927

Operating lease liabilities, noncurrent	87,563		104,070

Total operating lease liabilities	$	115,236	$	130,997


	September 30, 2020		December 31, 2019

Operating leases:
Weighted average remaining lease term	5.5 years		5.9 years
Weighted average discount rate	4.21	%	3.95	%


	Operating Leases
Fiscal Year:
2020 (remainder)	$	7,393
2021	29,086
2022	26,120
2023	20,383
2024	13,726
Thereafter	38,471
Total lease payments	$	135,179
Less: Imputed interest	19,943
Present value of operating lease liabilities	$	115,236


	Number of Shares	Weighted- Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at January 1, 2020	518,341	$	65.77
Granted	—	—
Exercised	(41,530)	22.92
Canceled	—	—
Outstanding at September 30, 2020	476,811	$	69.51	6.4	$	2,187,385
Exercisable at September 30, 2020	176,811	$	60.13	4.9	$	2,187,385
Vested and expected to vest at September 30, 2020	394,131	$	68.35	6.2	$	2,187,385


	September 30, 2020			September 30, 2019
Underlying stock price at valuation date	$	91.17		$	84.58
Expected volatility	27.0		%	28.3		%
Risk-free interest rate	0.7		%	2.53		%


	Shares	Weighted-Average Grant-Date Fair Value
Nonvested at January 1, 2020	1,105,059	$	64.76
Granted	1,268	98.63
Vested	(261,396)	70.20
Canceled	(11,460)	78.88
Nonvested at September 30, 2020	833,471	$	62.91


	Number of Shares	Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at January 1, 2020	20,874
Granted	206,886
Vested	(6,498)
Canceled	(5,297)
Outstanding at September 30, 2020	215,965	3.8	$	14,949,097
Vested and expected to vest at September 30, 2020	140,841	3.1	$	9,748,995


	September 30, 2020		December 31, 2019
Long-lived assets:
United States	$	623,190	$	701,580
All other countries	49,349		76,927
Total	$	672,539	$	778,507


	Unrealized Gains (Losses) on Investments		Foreign Currency Translation		Total
Beginning balance	$	270	$	(55,070)	$	(54,800)
Other comprehensive income (loss)	8		(3,202)		(3,194)

Net current period other comprehensive income (loss)	8		(3,202)		(3,194)
Ending balance	$	278	$	(58,272)	$	(57,994)


Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Loss				Affected Line Item in the Statement of Operations
	Three Months Ended September 30, 2020		Nine Months Ended September 30, 2020
Unrealized loss on available-for-sale investments	$	—	$	698		Loss on investments, net
	—		698			Income before income taxes
	—		—			Income tax expense
Total reclassifications for the period	$	—	$	698		Net Income


	Three Months Ended September 30,		Percentage Change	Nine Months Ended September 30,		Percentage Change
	2020	2019		2020	2019
Revenues	$356,976	$344,141	4%	$1,020,353	$966,466	6%


	Payments Due in (in thousands)
Contractual Obligations	2020		2021		2022		2023		2024		Thereafter		Total
Long-term debt - principal (a)	$	—	$	402,414	$	—	$	—	$	—	$	1,200,000	$	1,602,414
Long-term debt - interest (b)	11,352		55,164		48,625		48,625		48,625		58,250		270,641
Operating leases (c)	7,393		29,086		26,120		20,383		13,726		38,471		135,179
Finance leases (d)	474		602		313		29		—		—		1,418
Telecom services and co-location facilities (e)	890		2,261		1,114		103		—		—		4,368
Holdback payments (f)	4,608		1,511		1,511		—		—		—		7,630
Transition Tax (g)	—		—		—		—		3,189		8,486		11,675
Self-Insurance (h)	5,815		6,165		—		—		—		—		11,980
Other (i)	388		614		598		—		—		—		1,600
Total	$	30,920	$	497,817	$	78,281	$	69,140	$	65,540	$	1,305,207	$	2,046,905


Period	Total Number of Shares Purchased (1)	Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Program	Maximum Number of Shares That May Yet Be Purchased Under the Plans or Program
July 1, 2020 - July 31, 2020	142,033	$	59.62	140,819	—
August 1, 2020 - August 31, 2020	278,219	$	69.80	276,089	9,723,911
September 1, 2020 - September 30, 2020	1,724,991	$	71.23	1,723,911	8,000,000
Total	2,145,243			2,140,819	8,000,000



3.1			Amended and Restated Certificate of Incorporation of J2 Global, Inc., dated as of June 10, 2014 (1)

3.2			Amendment to Amended and Restated Certificate of Incorporation of J2 Global, Inc. dated as of September 5, 2019 (2)

3.3			Third Amended and Restated By-Laws (2)

31.1			Rule 13a-14(a) Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2			Rule 13a-14(a) Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1			Section 1350 Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2			Section 1350 Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101			The following financial information from J2 Global, Inc.’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, formatted in XBRL (eXtensible Business Reporting Language): (i) Condensed Consolidated Balance Sheets as of September 30, 2020 and December 31, 2019, (ii) Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2020 and 2019, (iii) Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2020 and 2019, (iv) Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2020 and 2019, (v) Condensed Consolidated Statements of Stockholders’ Equity for the three and nine months ended September 30, 2020 and 2019, and (vi) the Notes to Condensed Consolidated Financial Statements.

104			Cover Page Interactive Data File - the cover page from J2 Global, Inc.’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 is formatted in Inline XBRL


Exhibit Number			Description

3.1			Amended and Restated Certificate of Incorporation of J2 Global, Inc., dated as of June 10, 2014 (1)

3.2			Amendment to Amended and Restated Certificate of Incorporation of J2 Global, Inc. dated as of September 5, 2019 (2)

3.3			Third Amended and Restated By-Laws (2)

31.1			Rule 13a-14(a) Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2			Rule 13a-14(a) Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1			Section 1350 Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2			Section 1350 Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101			The following financial information from J2 Global, Inc.’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, formatted in XBRL (eXtensible Business Reporting Language): (i) Condensed Consolidated Balance Sheets as of September 30, 2020 and December 31, 2019, (ii) Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2020 and 2019, (iii) Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2020 and 2019, (iv) Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2020 and 2019, (v) Condensed Consolidated Statements of Stockholders’ Equity for the three and nine months ended September 30, 2020 and 2019, and (vi) the Notes to Condensed Consolidated Financial Statements.

104			Cover Page Interactive Data File - the cover page from J2 Global, Inc.’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 is formatted in Inline XBRL


		/s/ VIVEK SHAH
		Vivek Shah
Dated:	November 9, 2020	Chief Executive Officer and a Director (Principal Executive Officer)