Web.Com Group, Inc. (WEB) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

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Web.Com Group, Inc.
Ticker: WEB CIK: 1095291

Exhibit 99.1

Web.com Reports Fourth Quarter and Full Year 2013 Financial Results


•	Generated 11% revenue growth in fourth quarter


•	Profitability exceeded high end of guidance


•	Added 32,600 net new subscribers


•	Average Revenue Per User of $14.71 grew $0.38 sequentially


•	Made debt payments of $33.0 million in fourth quarter and $86.3 million in full year

JACKSONVILLE, Fla. - February 6, 2014 - Web.com Group, Inc. (NASDAQ: WWWW), a leading provider of Internet services and online marketing solutions for small businesses, today announced results for the fourth quarter and full year ended December 31, 2013.

“Web.com’s fourth quarter results were a solid finish to an outstanding year that was highlighted by double-digit revenue growth and profitability that was above the high end of our guidance range,” said David L. Brown, chairman, chief executive officer and president of Web.com. “2013 was a milestone year for Web.com as we validated that our strategy can drive double-digit revenue growth by providing our broad suite of value-added services to our large customer base, while continuing to add net new subscribers and maintaining best-in-class retention rates.”

Brown added, “At the same time, we are continuing to generate significant operating cash flow, which we are using to steadily deleverage our balance sheet. We are encouraged by the trends we see across our business and believe we are well-positioned to meet our longer-term targets of delivering low-teens revenue growth and even faster growth in earnings.”

Summary of Fourth Quarter 2013 Financial Results


•	Total revenue, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $131.1 million for the fourth quarter of 2013, compared to $111.4 million for the fourth quarter of 2012. Non-GAAP revenue was $139.5 million for the fourth quarter of 2013, up 11% on a year-over-year basis.


•	GAAP operating income was $6.4 million for the fourth quarter of 2013, compared to an operating loss of $0.6 million for the fourth quarter of 2012. Non-GAAP operating income was $37.0 million for the fourth quarter of 2013, representing a 27% non-GAAP operating margin, compared to $35.0 million for the fourth quarter of 2012, representing a 28% non-GAAP operating margin.

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GAAP net loss was $3.4 million, or $0.07 per diluted share, for the fourth quarter of 2013. GAAP net loss was $51.9 million, or $1.10 per diluted share, in the fourth quarter of 2012. Non-GAAP net income was $31.9 million for the fourth quarter of 2013, or $0.59 per diluted share, up 41% and 31%, respectively, on a year-over-year basis and above the Company's guidance of $0.57 to $0.58 per diluted share. The Company had non-GAAP net income of $22.7 million, or $0.45 per diluted share, for the fourth quarter of 2012.

The following information was filed by Web.Com Group, Inc. (WEB) on Thursday, February 6, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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