Ancestry.com today released the company’s financial numbers for the first three months of 2015. “Our first quarter results reflect the strengthening business trends we began to see last fall, highlighted by strong Adjusted EBITDA growth and 104,000 net subscriber additions since the end of 2014,” said Tim Sullivan, Chief Executive Officer of Ancestry.com. “We are executing well in the core business and execution will remain a major theme in 2015 as we focus on content acquisition, product enhancements, continued momentum at AncestryDNA, which now has a database of genotypes from approximately 850,000 people, and the penetration of targeted new international markets.”
Some of the highlights:
Subscribers – Subscribers of Ancestry websites totaled approximately 2,219,000 as of March 31, 2015, compared to 2,115,000 as of December 31, 2014, an increase of nearly 5%.
Total revenues for the first quarter 2015 were $164.6 million compared to $153.6 million in the first quarter of 2014 driven by growth in revenues from the Company’s AncestryDNA product and its core Ancestry websites. First quarter 2015 total revenues were reduced by approximately one percent due to the foreign exchange impact of the strong U.S. dollar.
Net income for the first quarter of 2015 was $2.8 million compared to a net loss of $(2.4) million in the first quarter of 2014.
Adjusted EBITDA for the first quarter of 2015 was $61.7 million, compared to $49.0 million in the first quarter of 2014. Adjusted EBITDA for the three months ended March 31, 2014 includes $0.9 million of professional service fees related to litigation and costs associated with the return of capital transaction declared in February 2014 by our parent.
Free cash flow totaled $43.5 million for the first quarter of 2015, compared to $32.2 million for the first quarter of 2014.
Cash and cash equivalents totaled $113.6 million as of March 31, 2015.
Obligations under long-term debt totaled $862.0 million as of March 31, 2015.
The entire report may be found at http://ir.ancestry.com/releasedetail.cfm?ReleaseID=908029.