Tuesday, 3 November 2009

Recent Ancestry.com business information

Ancestry.com is moving rapidly toward listing its shares on the Nasdaq under symbol ACOM. Trading is expected to begin later this week with 7.4 million shares offered.

A statement in connection with the offering was filed with the US Securities and Exchange Commission yesterday. Read it at www.sec.gov/Archives/edgar/data/1469433/000095012309055860/d68252a4sv1za.htm

Here are some of the highlights related to recent company performance.

Ancestry.com is the world’s largest online resource for family history, with more than one million paying subscribers around the world as of September 30, 2009.

Revenues were $145.2 million for the nine months ended September 30, 2008, as compared to $164.8 million for the nine months ended September 30, 2009.

The number of subscribers on the Ancestry.com websites has increased from approximately 460,000 in January 2004 to more than one million as of September 30, 2009.

Average monthly revenue per subscriber was $16.09 in 2008.

For the nine months ended September 30, 2009, approximately 34% of subscribers to Ancestry.com websites, and approximately 25% of revenues from subscribers, were from locations outside the United States.

For the nine months ended September 30, 2009, approximately 20% of total revenues were received, and approximately 10% of total expenses were paid, in currencies other than the United States dollar.

On September 16, 2009, the company settled a claim with respect to the timeliness and accuracy of a content index the company created (likely the Drouin collection.) The settlement resulted in an expense of approximately $2.3 million in 2009.

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