The following news release is from MarketWatch.com.
Ancestry.com Inc. Presents at J.P. Morgan High Yield & Leveraged Finance Conference
PROVO, Utah, Feb 25, 2013 (GLOBE NEWSWIRE via COMTEX) – Ancestry.com Subscriber Growth of 18% Year-Over-Year – 2012 Total Adjusted Revenue $488 million, up 22% Year-Over-Year.
Ancestry.com Inc., the world’s largest online family history resource, is presenting today at the J.P. Morgan High Yield & Leveraged Finance Conference in Miami, Florida.
Howard Hochhauser, Chief Financial Officer and Chief Operating Officer of Ancestry.com will present at the conference. “We are pleased with the revenue and subscriber results in 2012,” said Hochhauser, “Non-GAAP revenue was $488 million, an increase of 22% over the full year 2011, and year-end subscribers totaled 2,016,000, up 18% over the end of 2011.”
Use of Non-GAAP Measures
The Company believes that non-GAAP revenue is a useful measure of operating performance because it excludes items that the Company does not consider indicative of its core performance. Specifically, non-GAAP revenue is calculated by adding the impact of purchase accounting adjustments to GAAP revenue. However, this non-GAAP measure should be considered in addition to, not as a substitute for or superior to, revenue prepared in accordance with GAAP.
The Company uses non-GAAP to provide consistency and comparability with the Company’s past GAAP reported financial performance; to facilitate a comparison of its results with those of other companies; and in communications with its board of directors concerning its financial performance.
Ancestry.com Inc. is the world’s largest online family history resource, with approximately 2 million paying subscribers. More than 11 billion records have been added to the site in the past 16 years. Ancestry users have created more than 44 million family trees containing more than 4 billion profiles. In addition to its flagship site www.ancestry.com, Ancestry.com offers several localized websites designed to empower people to discover, preserve and share their family history.
Non-GAAP revenue is calculated as revenue determined in accordance with GAAP plus the impact of purchase accounting adjustments on revenue, as follows:
GAAP Revenues Purchase Accounting Adjustment Non-GAAP Revenue
2011 $399.7 – 0 – $399.7
2012 $487 $0.6 $487.6