Who says there is a recession? Investor's Business Daily is reporting that Ancestry.com recently saw subscriber growth even larger than expected. The company reported late Thursday that it ended the year with 1.4 million subscribers, up 31% from Q4 2009, and up slightly from the third quarter. It had forecast 1.38 million subscribers.
Ancestry.com CEO Tim Sullivan is quotes as saying the company has good visibility into subscriber growth over the next few quarters, but it's difficult to predict the ultimate size of the market. "The real question is: Is this a 2 million, 3 million, 5 million or 10 million subscriber category?" Sullivan said in an interview Friday. "We're more optimistic today about this being a potentially very large market opportunity than ever before."
You can read more in an article by Patrick Seitz at http://goo.gl/MXu2p