show owner had subscription revenue of $1.31bn last year, the giant genealogy and DNA website, has routed more than a billion dollars in dividends through its Irish arm in the last two years, newly published accounts show.
At the same time, AIU also paid out $99 million in a dividend to an entity called Ancestry Global Holdings Limited. In the last four years AIU has also paid out more than $235 million in total dividends, having made distributions of $95.5 million in 2022, $5 million in 2021, and $36 million in 2020.‘I was a cleaner in my dad’s office, which makes me a nepo baby.
The majority of its revenue – around $1 billion – comes from family history research, while around $185 million comes from its DNA analysis business Accounts for the Irish subsidiary, AIU, show that it had revenue of $222 million in 2023, up from $218.6 million the year before. It doesn’t specify where its revenue is generated.
Its administrative expenses also shot up during the year to more than $1 billion, which the accounts said was “predominantly driven by an increase in royalty charges payable to its immediate parent company, Ancestry Global Holdings”.
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Source: IrishTimes - 🏆 3. / 98 Read more »