Ancestry.com Ends 2011 With 1.7 Million Subscribers; Sees Mid-to-High Teens Revenue Growth for 2012
Ancestry.com Inc. (Nasdaq:ACOM - News), the world's largest online family history resource, today reported that it ended the fourth quarter with 1,703,000 paying subscribers, above the company's guidance of 1,685,000 -- 1,695,000 subscribers. Monthly churn[1] declined to 3.8% in the quarter, down from third quarter 2011 and fourth quarter 2010. The company also noted it remains comfortable with its previously issued financial guidance for the fourth quarter and full year ended December 31, 2011.
The company also announced today that it currently expects 2012 revenue growth in the mid-to-high teens. 2012 adjusted EBITDA[2] margins are expected to expand year-over-year, exclusive of ongoing investment in the company's DNA product initiative, which could range from $10-$15 million in 2012.
- Published: 05 January 2012
- Written by Editor