(Steve Griffin | The Salt Lake Tribune)
Madison Mercer, an imaging specialist at ancestry.com, scans and digitizes parish records that were recorded on microfilm at the companies offices in Provo on Monday, Oct. 22, 2012. Provo-based Ancestry.com, the world’s largest online family-history resource, reported a second-quarter revenue of $131.9 million and a 5.3 percent increase in subscribers.
Provo’s Ancestry.com reports increase in subscribers
Online » Family-history website, however, still reported second-quarter loss of income.
By Vince Horiuchi
| The Salt Lake Tribune
First Published Jul 31 2013 08:41 am • Last Updated Jul 31 2013 08:43 am
Provo-based Ancestry.com, the world’s largest online family-history resource, reported a second-quarter revenue of $131.9 million and a 5.3 percent increase in subscribers.
The total subscribers for all of the company’s websites, including Ancestry.com, Archives.com, Fold3.com and Newspapers.com, was 2,715,000 as of Tuesday, according to the company’s second-quarter 2013 financial results.
Despite that, the company’s second-quarter suffered a net-income loss of $21.3 million compared to $20 million the same time last year. The loss was primarily due to accounting rules related to the sale of the company to London private equity firm Permira last December.
Late last year, Ancestry.com was officially purchased by Global Generations International Inc., and its subsidiary, Global Generations Merger Sub Inc., which are owned by Permira Advisers LLC. The cash deal was worth $1.6 billion.
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