 GAAP revenue of 274.0 million Net income of 4.6 million Adjusted EBITDA of 84.0 million Cash flow from operations of 67.8 million Free cash flow of 55.9 million Total subscribers on platform were approximately 4.877 million at June 30, 2020BURLINGTON, Mass., July 30, 2020 GLOBE NEWSWIRE -- Endurance International Group Holdings, Inc. NASDAQ: EIGI, a leading provider of cloud-based platform solutions designed to help small and medium-sized businesses succeed online, today reported financial results for its second quarter ended June 30, 2020.Against a backdrop of significant macro-economic disruption due to the COVID-19 pandemic, we are encouraged by the resilience of small businesses and their drive to adapt. As we noted in our preliminary update two weeks ago, we see secular demand for our products and services and are pleased with our subscriber additions and revenue growth, commented Jeffrey H. Fox, president and chief executive officer of Endurance International Group.As we execute the second half of 2020, we remain focused on investments that we believe will increase the value we deliver to our customers, including an expanded solution set. As such, we are pleased to announce that we signed an agreement to acquire Retention Science, an AI-driven provider of e-commerce email marketing services.Retention Science AcquisitionRetention Science is located in Santa Monica, California. Under the terms of the definitive merger agreement, Endurance will acquire Retention Science for approximately 35.0 million, consisting of 17.5 million to be paid in cash upon close and the remaining 17.5 million to be paid in a combination of deferred consideration and earnouts over the next three years. The closing of the transaction is subject to customary closing conditions and is expected to close on or before August 15, 2020. We are excited to add the Retention Science team to Endurance and to our digital marketing business. The Retention Science platform allows us to complement our e-commerce capabilities following the acquisition of Ecomdash last year, and supports our strategic focus on investing to expand our total addressable market, continued Mr. Fox.Second Quarter 2020 Financial HighlightsAs previously disclosed, the Company completed the sale of SinglePlatform on December 5, 2019. For year over year comparative purposes, selected figures presented below do not adjust for the sale of SinglePlatform unless noted. Revenue for the second quarter of 2020 was 274.0 million, an increase of 1 percent compared to revenue of 271.4 million in the second quarter of 2019, excluding SinglePlatform. Revenue in the second quarter of 2019 was 278.2 million, including the contribution of approximately 6.8 million from SinglePlatform. Net income for the second quarter of 2020 was 4.6 million, or 0.03 per diluted share, compared to net loss of 26.2 million, or 0.18 per diluted share, for the second quarter of 2019. Adjusted EBITDA for the second quarter of 2020 was 84.0 million, an increase of 12 percent compared to second quarter 2019 adjusted EBITDA of 75.3 million, excluding SinglePlatform. Adjusted EBITDA in the second quarter of 2019 was 76.3 million, including the contribution of approximately 1.1 million from SinglePlatform. Cash flow from operations for the second quarter of 2020 was 67.8 million, an increase of 14 percent compared to 59.7 million for the second quarter of 2019. Free cash flow, defined as cash flow from operations less capital expenditures and financed equipment obligations, for the second quarter of 2020 was 55.9 million, an increase of 17 percent compared to 47.6 million for the second quarter of 2019. Under its previously announced authorization, during the quarter, the Company repurchased 1,105,100 shares for a total of 2.1 million, at an average price per share of 1.90. Year to date, the Company repurchased 8,708,720 shares for a total of 14.4 million, at an average price per share of 1.66.Second Quarter 2020 Operating Highlights Total subscribers on platform at June 30, 2020 were approximately 4.877 million, compared to approximately 4.769 million subscribers at June 30, 2019 and approximately 4.766 million subscribers at December 31, 2019. See Total Subscribers below. Average revenue per subscriber, or ARPS, for the second quarter of 2020 was 18.92, compared to 19.42 for the second quarter 2019 and 19.34 for the fourth quarter of 2019. See Average Revenue Per Subscriber below.Fiscal 2020 GuidanceThe Company is providing the following guidance as of the date of this release, July 30, 2020, which is consistent with guidance reintroduced in its release dated July 14, 2020. For the full year ending December 31, 2020, the Company expects: 2019 Actual As Reported2019 Adjusted for SinglePlatform Sale2020 Guidance as of July 30, 2020 GAAP Revenue1.113 billion1.088 billion1.100 billion Adjusted EBITDA314 million310 million300 million In addition, for 2020 the Company expects cash flow from operations of 175 million and free cash flow of approximately 125 million.Adjusted EBITDA and free cash flow are non-GAAP financial measures. The Company is unable to reconcile adjusted EBITDA guidance to GAAP without unreasonable efforts, as further discussed below in Non-GAAP Financial Measures.As previously disclosed, the Company sold its SinglePlatform business on December 5, 2019. These figures represent revenue and adjusted EBITDA for the periods shown as if the Company had sold this business prior to January 1, 2019. From January 1, 2019 until the sale date, the SinglePlatform business contributed approximately 25.4 million in GAAP revenue and 4.0 million in adjusted EBITDA excluding the impact of corporate cost allocations.Conference Call and Webcast InformationEndurance International Groups second quarter 2020 financial results teleconference and webcast is scheduled to begin at 8:00 a.m. EDT on Thursday, July 30, 2020. To participate on the live call, analysts and investors should dial 888 734-0328 at least ten minutes prior to the call. Endurance International Group will also offer a live and archived webcast of the conference call, accessible from the Investor Relations section of the Companys website at Statements This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements about our guidance for fiscal year 2020, the closing, timing, and the anticipated benefits from the Retention Science acquisition, our belief that investments will increase the value delivered to our customers, and our expectations of future growth and financial and operational performance in general. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, and statements identified by words such as expects, believes, estimates, may, continue, positions, confident, and variations of such words or words of similar meaning and the use of future dates. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that these plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation: the possibility that the impact of the COVID-19 pandemic on the economy and our business will be different from or more extensive than we expect; the possibility that the Retention Science acquisition will not be completed; the possibility that the Retention Science acquisition or our other planned investment initiatives will not result in the anticipated benefits to our business; the possibility that we will be unable to maintain subscriber growth; an adverse impact on our business from litigation or regulatory proceedings or commercial disputes; an adverse impact on our business from our substantial indebtedness and the cost of servicing our debt; the rate of growth of the Small and Medium Business SMB market for our solutions or the impact of COVID-19 on that market; our inability increase sales to our existing subscribers or retain our existing subscribers; system or Internet failures; our inability to maintain or improve our competitive position or market share; and other risks and uncertainties discussed in our filings with the SEC, including those set forth under the caption Risk Factors in our Annual Report on Form 10-K for the period ended December 31, 2019 filed with the SEC on February 14, 2020 and in our Quarterly Report on Form 10-Q for the period ended March 31, 2020, filed with the SEC on May 6, 2020, and other reports we file with the SEC. We assume no obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise. About Endurance International GroupEndurance International Group Holdings, Inc. 