The following press release was issued by Ancestry.com:
Q2 Non-GAAP Revenues $156.1 Million, Up 13% Year-Over-Year
PROVO, Utah, July 23, 2014 — Ancestry.com LLC, the world’s largest online family history resource, reported financial results today for the second quarter ended June 30, 2014.
“Despite softer performance in the second quarter, our core subscriber base retention remains solid and the business is healthy,” said Tim Sullivan, Chief Executive Officer of Ancestry.com. “We’re continuing to make strategic investments in content, product and technology as well as new product initiatives like our rapidly growing AncestryDNA business, all of which are designed to drive long-term growth, further strengthen our market leadership, and leverage the benefits of our attractive business model.”
Second Quarter 2014 Financial Highlights