Ancestry.com LLC reported financial results today for the second quarter ended June 30, 2013. "Ancestry.com performed solidly in the second quarter, and through the first half of 2013 we have seen steady subscriber increases and strong growth in non-GAAP revenue and adjusted EBITDA," said Tim Sullivan, Chief Executive Officer of Ancestry.com. "These first half results have enabled us to de-lever our balance sheet more quickly than we had anticipated, while maintaining our commitment to healthy levels of investment. We remain focused on delivering unique content and user experiences through new features and advancements in our sharing, mobile and DNA capabilities."
Total revenue for the second quarter of 2013 was $131.9 million, versus $119 million for the same period in 2012.Full details of the second quarter financial report may be found at http://ir.ancestry.com/releasedetail.cfm?ReleaseID=781379.
Non-GAAP revenue for the second quarter of 2013 totaled $137.7 million, an increase of 15.6% over $119.1 million in the second quarter of 2012,. (GAAP is an acronym for Generally Accepted Accounting Principles, referring to the standard framework of guidelines for financial accounting.)
Net income (loss) for the second quarter 2013 was a loss of $(21.3) million, compared to net income of $20.0 million in the second quarter of 2012. The company stated the loss was primarily due to the non-cash amortization of acquired intangible assets of $46.3 million, due to the December 2012 transaction.
Total subscribers across all websites, including Ancestry.com, Archives.com, Fold3.com and Newspapers.com, were approximately 2,715,000 as of June 30, 2013.
Subscribers of Ancestry.com branded websites totaled approximately 2,112,000 as of June 30, 2013, a 5.3% increase over the end of the second quarter of 2012 and up slightly from the end of the first quarter of 2013.