Despite the worst recession in decades, online genealogy site Ancestry.com says its subscriber base grew more than 10% in 2008. Even more important, revenue rose 18%, according to CEO Timothy Sullivan of Ancestor's parent company, The Generations Network.
In an interview with The Industry Standard on Tuesday, Sullivan said Ancestry.com and its sister companies currently have about 950,000 subscribers worldwide, compared to 825,000 in January 2008. He said that revenue totalled $195 million in 2008, and earnings before interest, taxes, depreciation and amortization was "a little bit north of $60 million."
You can read more at The Industry Standard web site at http://www.thestandard.com/news/2009/04/01/ancestry-com-says-tv-online-advertising-helped-grow-revenue-18-2008.