Ancestry.com Inc surged 16.03% to $26.52 on 1.52 million shares after the company 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 declined to 3.8% in the quarter, down from third quarter 2011 and fourth quarter 2010. The company remains comfortable with its previously issued financial guidance for the fourth quarter and full year ended December 31, 2011.
The company currently expects 2012 adjusted EBITDA margins 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.
The company anticipates reporting its full financial and operating results for the 2011 fourth quarter and fiscal year on February 15, 2012.
Ancestry.com is an online family history resource. As of December 31, 2011, the Company had over 1.4 million paying subscribers worldwide. The foundation of its service is a collection of billions of historical records that the Company has digitized, indexed and put online over the past 14 years.
The assembled information distributed by headlineotc.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Headlineotc.com does expect that investors will buy and sell securities based on information assembled and presented herein. Headlineotc.com will not be responsible in any way for or accept any liability for any losses arising from an investor’s reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial adviser.