Ancestry.com Beats on Top and Bottom Lines (ACOM)
Ancestry.com Inc. (NASDAQ: ACOM) reports Q3 earnings of $0.24 versus consensus of $0.19. Ancestry.com Inc. reports revenues of $79.3 million versus consensus of $76.49 million.
Revenues increased 39% year over year. The subscriber base grew 34% year over year.
ACOM expects Q4 revenue in the range of $80.0 to $82.0 million and adjusted EBITDA in the range of $28.0 to $30.0 million, with a total subscriber base of 1.38 million.
For the FY 2010, it expects revenue in the range of $298 to $300 million and adjusted EBITDA in the range of $99 to $101 million.
"Solid execution of our marketing initiatives and ongoing advancements in our core service offering are supporting the continued strength in subscriber gains that we've seen throughout the year both domestically and internationally, and we are again increasing our outlook for 2010," said Tim Sullivan, Chief Executive Officer of Ancestry.com.
"Our rapid growth is enabling us to continue investing in marketing, product improvement and talent, all of which are central to our growth strategy, and we are doing so without sacrificing delivery of outstanding financial performance."
Shares of ACOM are higher in the after-hours by 0.54%.
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