July 25, 2014, 2:51 PM

Revenue grows 18% for Ancestry.com in Q2

Subscription revenue increased 12.4% and Ancestry.com narrowed is quarterly loss to $7.6 million.

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Ancestry.com LLC, a provider of online subscription services that enables users to research their family tree and do other types of genealogy, posted higher revenue and narrowed its loss in the second quarter 

For the second quarter ended June 30, Ancestry.com reported:

  • Total revenue increased 18.3% to $156.05 million compared with $131.94 million in the second quarter of 2013.
  • Subscription revenue grew year over year 12.4% to $137.96 million compared with $122.70 million in the second quarter of 2013.
  • Product and related revenue totaled $18.09 million, an increase of 95.8% from $9.24 million in the prior year.
  • Net loss was $7.60 million compared with a loss of $21.28 million in the prior year.
  • The total subscriber base was 2.10 million compared with 2.16 million in the second quarter of the prior year.

"We're continuing to make strategic investments in content, product and technology as well as new product initiatives,” says CEO Tim Sullivan.

In the second quarter Ancestry.com, No. 63 in Internet Retailer’s 2014 Top 500 Guide also added more than 700 million new records to its database from a wide range of sources such as Czech Republic land records and Zimbabwe death notices, the company says. Ancestry.com also expanded site search with new features such as letting subscribers display a greater number of records on a single screen.

For the first six months of the year, Ancestry.com reported:

  • Total revenue increased 21.2% to $309.69 million compared with $255.47 million in the second quarter of 2013.
  • Subscription revenue grew year over year 16.4% to $275.15 million compared with $236.48 million in the second quarter of 2013.
  • Product and related revenue totaled $35.54 million, an increase of 87.2% from $18.98 million in the prior year.
  • Net loss was $9.98 million compared with a loss of $42.70 million in the prior year.
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