Ancestry.com, which became a publicly traded company in November, said today it experienced a substantial increase in revenue growth in the fourth quarter and for all of 2009.
The company said revenue for the fourth quarter of 2009 was $60.1 million, up 14.6 percent over the same period of 2008. For the full year, revenue was $224.9 million, up 13.8 percent over 2008. The company said its revenue figures were helped by favorable exchange rates, without which revenues would have been about 3 percent higher.
Net income was $9.1 million, or 20 cents a share, for the fourth quarter of 2009, compared to a net loss of $1.1 million, or 3 cents per share, in the fourth quarter of 2008. For the full year of 2009, net income was $21.3 million, or 51 cents a share, compared to $2.4 million, or 6 cents per share, in 2008.