j2 Global, Inc. (NASDAQ:JCOM) Q3 2019 Earnings Conference Call - Final Transcript
Nov 01, 2019 • 08:30 am ET
Welcome to j2 Global's Third Quarter 2019 Earnings Call. I am Sherry, the operator who'll be assisting you today. [Operator Instructions]. On this call will be Vivek Shah, CEO of j2 Global; and Scott Turicchi, President of j2.
I will turn the call over to Scott Turicchi, President and CFO of j2 Global.
Thank you. Good morning, ladies and gentlemen, and welcome to the j2 Global Investor Conference Call for Q3 2019. As the operator just mentioned, I'm Scott Turicchi, President and CFO of j2 Global. Joining me today is our CEO, Vivek Shah.
We had the best third fiscal quarter performance ever, setting records for revenue, EBITDA, free cash flow and non-GAAP earnings per share. In addition, we completed four acquisitions this past quarter, which Vivek will address in his opening remarks. In addition, we repurchased approximately 200,000 shares of our stock, at a price of $80.74 per share. We will use the presentation as a roadmap for today's call. A copy of the presentation is available at our website. When you launch the webcast, there is a button on the viewer on the right-hand side, which will allow you to expand the slides. If you have not received a copy of the press release, you may access it through our corporate website at j2global.com/press. In addition, you'll be able to access the webcast from this site. After we complete our formal presentation and remarks, we will be conducting a Q&A session. The operator will instruct you at that time regarding the procedures for asking a question. However, you may e-mail us questions at any time at email@example.com.
Before we begin our prepared remarks, allow me to read the Safe Harbor language. As you know, this call and the webcast will include forward-looking statements. Such statements may involve risks and uncertainties that would cause actual results to differ materially from the anticipated results. Some of those risks and uncertainties include, but not limited to the risk factors that we have disclosed in our various SEC filings, including our 10-K filings, recent 10-Q filings, various proxy statements and 8-K filings, as well as additional risk factors that we have included as part of the slideshow for the webcast. We refer you to discussions in those documents regarding Safe Harbor language, as well as forward-looking statements.
Now let me turn the call over to Vivek for his opening remarks.
Thank you, Scott, and good morning, everyone. This was another terrific quarter across the board. Revenues were up over 17%, which is the strongest growth quarter we've had this year. Cloud Services grew 14%, while Digital Media grew over 21%. We were particularly pleased with our 34% growth in Digital Media subscription revenues, and importantly, we continue to see strong growth in free cash flow, which increased over 12% year-over-year.
We also completed four acquisitions in the quarter, and I wanted to use most of my time today to talk about them. As a reminder, we completed four acquisitions in Q1 and two