Ancestry.com Inc. Reports 17% Subscriber Growth in 2009 Fourth Quarter
January 06 2010 - 9:00AM
PR Newswire (US)
PROVO, Utah, Jan. 6 /PRNewswire-FirstCall/ -- Ancestry.com Inc.
(NASDAQ: ACOM) today reported that it added approximately 165,000
subscribers in the fourth quarter ended December 31, 2009,
finishing the year with 1,066,000 million paid subscribers. The end
of year subscriber number is 17% higher than the 914,000 paid
subscribers reported at the end of 2008. Fourth quarter additions
were up 15% from the 144,000 added in the 2008 fourth quarter.
Monthly subscriber churn(1) for the 2009 fourth quarter was 3.6%,
compared to 4.0% in the prior year fourth quarter. "Our subscriber
results cap an outstanding year for Ancestry.com," said Tim
Sullivan, CEO, Ancestry.com. "We are following a very simple set of
strategies to build our business: expand our collection of content,
improve the product experience, and increase category awareness. If
we continue to succeed on these fronts, we'll continue to add
satisfied subscribers and enjoy good opportunities for future
growth." Ancestry.com anticipates reporting its full financial and
operating results for the 2009 fourth quarter and fiscal year in
the second half of February 2010. The subscriber results were
released in conjunction with the Company's appearance today at the
Citi Investment Research 2010 Global Entertainment Media and
Telecommunications Conference in San Francisco, California. About
Ancestry.com Ancestry.com is an online resource for family history
and has digitized and put online over four billion records over the
past twelve years. Ancestry users have created over twelve million
family trees containing over 1.25 billion profiles. Ancestry.com
has local Web sites directed at nine countries, including its
flagship website at http://www.ancestry.com/. Forward-looking
Statements This press release contains forward-looking statements.
These statements relate to future events or to future financial
performance and involve known and unknown risks, uncertainties, and
other factors that may cause our actual results, levels of
activity, performance, or achievements to be materially different
from those anticipated in these forward-looking statements. In some
cases, you can identify forward-looking statements by the use of
words such as "may," "could," "expect," "intend," "plan," "seek,"
"anticipate," "believe," "estimate," "predict," "potential," or
"continue" or the negative of these terms or other comparable
terminology. You should not place undue reliance on forward-looking
statements because they involve known and unknown risks,
uncertainties and other factors that are, in some cases, beyond our
control and that could materially affect actual results, levels of
activity, performance, or achievements. Factors that could
materially affect actual results, levels of activity, performance
or achievements, and our ability to execute on our business
strategy include those listed under the caption "Risk Factors" of
Ancestry.com's Prospectus dated November 5, 2009. We assume no
obligation to publicly update or revise these forward-looking
statements for any reason, whether as a result of new information,
future events, or otherwise. (1) Monthly churn is a measure
representing the number of subscribers that cancel in the quarter
divided by the sum of beginning subscribers and subscriber
additions during the quarter. To arrive at monthly churn, we divide
the results by three. ACOM-C DATASOURCE: Ancestry.com Inc. CONTACT:
Corey Kinger of Brainerd Communicators, Inc., +1-212-986-6667, ,
for Ancestry.com Inc. Web Site: http://www.ancestry.com/
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