The following announcement was written by Ancestry LLC:
- 2013 Total Non-GAAP Revenue $561.5 million, Up 15% Year-Over-Year
- 2013 Adjusted EBITDA $211.6 million, Up 18% Year-Over-Year
PROVO, Utah, Feb. 20, 2014 -- Ancestry.com LLC reported financial results for the fourth quarter and full year ended December 31, 2013. Financial performance for the periods was consistent with the preliminary results reported by the Company on January 29, 2014.
"2013 was a successful year for Ancestry.com. We delivered strong financial performance highlighted by improved profit margins and growth in cash flows," said Tim Sullivan, Chief Executive Officer of Ancestry.com. "We have a busy 2014 planned as we position the company to capitalize on its long-term growth opportunities. Key areas of activity and investment include areas such as product development initiatives; international expansion; our exclusive agreement with FamilySearch; and the continued growth of our popular AncestryDNA product, among others. We enjoy a solid foundation from which to pursue these initiatives, with a total subscriber base of more than 2.7 million across all websites and a profitable and healthy business model."