 BURLINGTON, Mass., July 14, 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, is providing preliminary results for its 2020 second quarter and re-introducing guidance for its 2020 fiscal year. As we entered the second quarter, the healthcare and economic uncertainties brought on by COVID-19 were impacting global businesses, including the millions of small businesses we serve. Despite these challenges, we remain focused on delivering value to our customers as they navigate this complex environment, said Jeffrey H. Fox, president and chief executive officer of Endurance International Group. I am very pleased with our second quarter performance. We added approximately 97,000 net subscribers in the quarter, which compares favorably to our net loss of 13,000 subscribers in the second quarter of 2019. Additionally, we had year over year and sequential revenue growth on both a cash and a GAAP basis, adjusted for the sale of SinglePlatform. We experienced strong demand for our products and services and are very pleased to deliver growth in each of our four strategic brands. We believe that we are seeing the benefit from our investment in solutions that deliver value to customers as they enhance their online presence and digital marketing capability. As a result of our year to date progress, we are re-introducing guidance for the full year. Second Quarter 2020 Preliminary Results Following are the financial and operational results for the second quarter of 2020. All results are preliminary, with full results to be reported on Thursday, July 30, 2020. Q2 2019 Actual As ReportedQ2 2019 Adjusted for SinglePlatform SaleQ2 2020 Preliminary GAAP Revenue278.2 million271.4 million274.0 million Ending Total Subscribers4.769 million4.746 million4.877 million Net Subscriber Additions13.3 thousand12.7 thousand97.3 thousand Preliminary cash bookings for the second quarter were 281.6 million, an increase from 267.7 million, in the same period a year ago as adjusted for the sale of SinglePlatform, reflecting year over year growth of approximately 5 percent.Preliminary revenue and total subscribers by segment for the second quarter of 2020 were: Q2 2019 Actual As ReportedQ2 2019 Adjusted for SinglePlatform SaleQ2 2020 Preliminary Total GAAP Revenue278.2 million271.4 million274.0 million Digital Marketing102.5 million95.7 million97.6 million Web Presence175.7 million175.7 million176.4 million Ending Total Subscribers4.769 million4.746 million4.877 million Digital Marketing0.492 million0.469 million0.472 million Web Presence4.277 million4.277 million4.405 million Adjusted EBITDAAdjusted EBITDA for the second quarter of 2020 was 84.0 million, compared to 76.3 million in the same period a year ago, and compared to 75.3 million in the same period a year ago, adjusting for the sale of SinglePlatform. Adjusted EBITDA for the second quarter of 2020 reflects year over year benefit from reduced travel, employee healthcare costs, and facilities-related expense attributable to COVID-19, as well as growth in the demand for products and services. Adjusted EBITDA is a non-GAAP financial measure. Please see Non-GAAP Financial Measures below for further information.Cash Flows and Balance Sheet as of June 30, 2020: Net debt was 1.550 billion. Cash on the balance sheet was 150.8 million. In addition, during the second quarter, the Company paid down 7.9 million of its term loan debt through its scheduled amortization payment. The Company also repurchased 9.3 million of its high yield notes during the quarter. Fiscal 2020 Guidance The Company is providing the following guidance as of the date of this release, 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 14, 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 at least 125 million. Please note that the Company is unable to reconcile expected adjusted EBITDA for the second quarter of 2020 and adjusted EBITDA guidance for the full year 2020 to net loss income without unreasonable efforts. Please see Non-GAAP Financial Measures below for further information.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. For the second quarter of 2019, the SinglePlatform business contributed approximately 6.8 million in GAAP revenue, 6.7 million in cash bookings, and 1.1 million in adjusted EBITDA excluding the impact of corporate cost allocations. 2020 Second Quarter Financial Results Call on July 30, 2020The Company will release its 2020 second quarter financial results on Thursday, July 30 at 7:00 a.m. EDT. Management will hold a conference call and webcast on that day at 8:00 a.m. EDT to discuss the Companys financial results. A prepared presentation to accompany the conference call will be posted on the investor relations web site prior to the call.What:Endurance International Group 2020 Second Quarter Financial Results Conference Call When:Thursday, July 30, 2020 Time:8:00 a.m. EDT Live Call:The call can be accessed ten minutes prior to the start of the call by using the following telephone numbers: USCanada: 888 734-0328 International: 678 894-3054 Replay:USCanada: 855 859-2056 International: 404 537-3406 Available approximately two hours after the completion of the live call until 10:00 a.m. EDT on August 6, 2020 Conference ID: 9198976 Webcast: About Endurance International Group Endurance International Group Holdings, Inc. NASDAQ:EIGI helps millions of small businesses worldwide with products and technology to enhance their online web presence, email marketing, business solutions, and more. The Endurance family of brands includes: Constant Contact, Bluehost, HostGator, and Domain.com, among others. Headquartered in Burlington, Massachusetts, Endurance employs over 3,600 people across the United States, Brazil, India and the Netherlands. For more information, visit: International Group and the compass logo are trademarks of The Endurance International Group, Inc. Constant Contact, the Constant Contact logo and other brand names of Endurance International Group are trademarks of The Endurance International Group, Inc. or its subsidiaries.Investor Contact: Angela White Endurance International Group 781 852-3450 Press Contact: Kristen Andrews Endurance International Group 781 418-6716 Non-GAAP Financial Measures In addition to our financial information presented in accordance with GAAP, we use adjusted EBITDA and free cash flow, which are non-GAAP financial measures, to evaluate the operating and financial performance of our business, identify trends affecting our business, develop projections and make strategic business decisions. In this press release, we are also presenting the following additional non-GAAP financial and operating measures for certain periods: cash bookings, revenue - excluding SinglePlatform, cash bookings excluding SinglePlatform, adjusted EBITDA - excluding SinglePlatform, and net debt. A non-GAAP financial measure is a numerical measure of a companys operating performance, financial position or cash flow that excludes amounts that are included in the most directly comparable measure calculated and presented in accordance with GAAP or includes amounts that are excluded from the most directly comparable measure calculated and presented in accordance with GAAP.Our non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in our industry, as other companies in our industry may calculate non-GAAP financial results differently. In addition, there are limitations in using non-GAAP financial measures because they are not prepared in accordance with GAAP and exclude expenses that may have a material impact on our reported financial results. For example, adjusted EBITDA excludes interest expense, which has been and will continue to be for the foreseeable future a significant recurring expense in our business. The presentation of non-GAAP financial information is not meant to be considered in isolation from, or as a substitute for, the most directly comparable financial measures prepared in accordance with GAAP. We urge you to review the additional information about non-GAAP financial measures shown below and not to rely on any single financial measure to evaluate our business.Revenue - excluding SinglePlatform is a non-GAAP financial measure that we calculate as revenue excluding revenue contributed by our SinglePlatform business, which we sold on December 5, 2019. We believe that this measure helps investors evaluate and compare our past performance excluding the impact of a non-core business that we have sold.Cash Bookings is an operating measure that represents cash receipts from the sale of products to customers in a given period as adjusted for certain items, primarily refunds, chargebacks and other third party costs. 