- 2015 Revenues $683.1 million, Up 10.3% Year-Over-Year
- 2015 Adjusted EBITDA $263.0 million, Up 16.7% Year-Over-Year
- Subscriber base grows by approximately 150,000 in 2015
- AncestryDNA sells approximately one million DNA kits in 2015
- DNA kit sales more than double in Q4 year-over-year
Quoting from the press release:
"Ancestry delivered a milestone year in 2015, including outstanding financial performance and key strategic achievements across the company," said Tim Sullivan, President and Chief Executive Officer of Ancestry.com. "Our performance was highlighted by strong, profitable growth throughout the year, featuring double-digit increases in revenue and adjusted EBITDA. On the strategic front, we delivered a greatly enhanced customer experience, launched major new content collections, grew AncestryDNA into the largest consumer genomic database and progressed on important growth initiatives internationally and in our emerging businesses. We're off to a great start in 2016, a year in which we will be focused on continuing to diversify and expand the growth profile of the company, executing well in our core businesses and investing in our future."The highlights of the financial report included the following:
EBITDA is earnings before interest, taxes, depreciation and amortization and can be used to analyze and compare profitability between companies because it eliminates the effects of financing and accounting decisions.
- Total revenues for the fourth quarter 2015 were $177.6 million. Revenues increased 14.5% from $155.2 million in the fourth quarter of 2014, driven by growth in revenues from AncestryDNA and the Company's core Ancestry websites. On a constant currency basis, total revenue would have increased 16.7% in the fourth quarter. For the full year 2015, total revenues were $683.1 million, with an increase in revenues of 10.3% from $619.5 million for the full year of 2014. On a constant currency basis, total revenues for 2015 would have increased 12.0% year-over-year.
- Net income (loss) for the fourth quarter of 2015 was $13.5 million compared to a net loss of $(7.5) million in the fourth quarter of 2014. For the full year 2015, net income was $29.4 million compared to a net loss of $(18.7) million for the full year of 2014.
- Adjusted EBITDA(1), (2) for the fourth quarter of 2015 was $62.2 million, compared to $54.6 million in the fourth quarter of 2014. For the full year 2015, adjusted EBITDA was $258.6 million, compared to $214.8 million for the full year 2014.
- Free cash flow(3) totaled $16.7 million for the fourth quarter of 2015, compared to $20.2 million for the fourth quarter of 2014. For the full year 2015, free cash flow totaled $124.8 million compared to $93.7 million for the full year 2014.
- Cash and cash equivalents totaled $128.2 million as of December 31, 2015.
- Obligations under long-term debt(4) totaled $1.0 billion as of December 31, 2015.
It looks like to me that the move of the big genealogy companies into the DNA business is proving to be very profitable. I would note that in August of 2013, from a screenshot, the Ancestry.com Card Catalog showed a total of 31,322 Collections. That numbers has only increased to 32,512 Collections as of the date of this post. That is an increase of 1,190 Collections over approximately two and half years or an increase of about 3.7%.