Genealogy Blogging Beat – Friday, October 29, 2010

genealogy blogging beat

Today is Friday, October 29, 2010 and here is what’s available in terms of Daily Blogging Prompts, blog carnivals and other related events in the genealogy blogosphere:

Items of Note

  • On Sunday, October 31, 2010, we will be doing a “roll-up” of posts by members of GeneaBloggers having to do with Halloween and their memories of this fun holiday!
  • Today is Friday – you made it to the weekend!

Daily Blogging Prompts

Family Recipe Friday – is an opportunity to share your family recipes with fellow bloggers and foodies alike. Whether it’s an old-fashioned recipe passed down through generations, a recipe uncovered through your family history research, or a discovered recipe that embraces your ancestral heritage share them on Family Recipe Friday. This series was suggested by Lynn Palermo of The Armchair Genealogist.

 

Follow Friday – create a post in which you recommend another genealogy blogger, a specific blog post, a genealogy website or a genealogy resource. Tell us why they are important to the genealogy community and why we should follow.  Follow Friday is an ongoing series at GeneaBloggers and was suggested by Earline Bradt of Ancestral Notes.

 

Friend of Friends Friday – if you have encountered records of enslaved ancestors, whether they are your own ancestors or not, make it a point to transcribe those records and get them posted on the Internet via your blog. Friend of Friends Friday is an important service to the genealogy community – both Leslie Ann of Ancestors Live Here and Greta of Greta’s Genealogy Bog have been posting to this series for some time now and their inspiration is much appreciated.

 

Funeral Card Friday – do you have a collection of memorial cards for your ancestors or family members, the kind that funeral homes produce and give out to mourners? Post images of these cards and stories about the person memorialized during Funeral Card Friday. Funeral Card Friday has been an ongoing series by Dee at Funeral Cards & Genealogy.

 

To ensure that your blog post is included in the “roll-up” widgets above, include the name of the blogging theme in your post title. Examples: Black Sheep Sunday – Paige Turner; Tombstone Tuesday – Pearl E. Gates.

* * *

If you would like your event or Daily Blogging Prompt included, please contact Geneabloggers at geneabloggers [at] gmail [dot] com.

©2010 copyright Thomas MacEntee

Ancestry.com 3Q 2010 Growth Rises

ancestry.com inc.

[Editor's Note: the following information was taken from the Ancestry.com Investor Relations website.  In the past year since its debut as a public company, Ancestry's stock has risen and it has demonstrated strong growth in subscription memberships as well as revenue and profit.]

Ancestry.com Inc. Reports 2010 Third Quarter

Ancestry.com Subscriber Growth of 34% Year-Over-Year

Total Revenue Up 39% Year-Over-Year

Raises FY 2010 Outlook

PROVO, Utah, Oct. 28, 2010 (GLOBE NEWSWIRE) — Ancestry.com Inc. (Nasdaq:ACOM), the world’s largest online family history resource, today reported financial results for the quarter ended September 30, 2010.

“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.”

Ancestry.com Web Sites Highlights

  • Subscribers totaled 1,377,000 at the end of the third quarter of 2010, a 34% increase over the end of the third quarter of 2009 and a 5% increase over the end of the second quarter of 2010. The reported total subscribers and other subscriber related metrics do not include customers of Genline.se, which was acquired on July 15, 2010.
  • Gross Subscriber additions were 252,000 in the third quarter of 2010, a 58% increase over the third quarter of 2009 and a 13% decline from the second quarter of 2010, reflecting the continued success of marketing programs in the quarter and the difficult sequential comparison due to strong subscriber additions from the airing of Who Do You Think You Are? early in the second quarter.
  • Monthly Subscriber Churn(1) was 4.0% in the third quarter of 2010, compared to 3.6% in the third quarter of 2009 and 4.3% in the second quarter of 2010, due to the mix of monthly and annual subscribers and strong renewal rates in the quarter.
  • Subscriber acquisition cost(2) in the third quarter of 2010 was $81.58, compared to $70.55 in the third quarter of 2009 and $74.04 in the second quarter of 2010.
  • Average Monthly Revenue per Subscriber(3) in the third quarter of 2010 was $17.75, compared to $16.48 in the third quarter of 2009 and $18.02 in the second quarter of 2010.

Third Quarter 2010 Financial Highlights

  • Total revenue for the third quarter of 2010 was $79.3 million, an increase of 39.2% over $57.0 million in the prior year period, driven by growth in our core Ancestry.com Web sites revenues of 43.4%.
  • Operating income for the third quarter of 2010 was $19.3 million, compared to $7.9 million in the prior year period.
  • Adjusted EBITDA(4) for the third quarter of 2010 was $29.0 million, compared to $17.9 million in the third quarter of 2009. Adjusted EBITDA margin for the third quarter of 2010 was 36.6%, compared to 31.5% in the third quarter of 2009.
  • Interest expense was $2.2 million for the third quarter of 2010, including a one-time, non-cash charge of $1.3 million related to the termination of the company’s term loan on September 9, 2010. As a result of paying off the loan in full, the company has no outstanding debt. During the quarter, the company put in place a $100.0 million revolving credit facility.
  • Net income was $11.8 million, or $0.24 per fully diluted share, for the third quarter of 2010 compared to $4.0 million, or $0.10 per fully diluted share, in the third quarter of 2009.
  • Free cash flow(5) totaled $20.1 million in the third quarter of 2010 compared to $9.1 million in the prior year period.
  • Cash, cash equivalents, and short-term investments totaled $80.1 million as of September 30, 2010.

——————————————–

(1) Monthly churn is a measure representing the number of subscribers that cancel in the quarter divided by the sum of beginning subscribers and subscriber additions during the quarter. To arrive at monthly churn, the results are divided by three.

(2) Subscriber acquisition cost is external marketing and advertising expense, divided by gross subscriber additions in the quarter.

(3) Average monthly revenue per subscriber is total subscription revenues earned in the quarter from subscriptions to the Ancestry.com Web sites divided by the average number of subscribers in the quarter, divided by three. The average number of subscribers for the quarter is calculated by taking the average of the beginning and ending number of subscribers for the quarter.

(4) Adjusted EBITDA is defined as net income (loss) plus net interest (income) expense; income tax expense; non-cash charges including depreciation, amortization, impairment of intangible assets and stock-based compensation expense; and other (income) expense.

(5) Free cash flow subtracts from adjusted EBITDA capitalization of content database costs, capital expenditures and cash paid for income taxes and interest expense.

Recent Business Highlights

  • Acquired iArchives, Inc. and its branded Web site, Footnote.com, a leading American History Web site. The acquisition provides Ancestry.com with a complementary consumer brand, expanded content offerings, and enhanced digitization and image-viewing technologies.
  • Released Ancestry.com Family Tree Maker® 2011, an improved version of the world’s No. 1 selling family history software.
  • Extended the relationship with NBC for the second season of the Who Do You Think You Are? television series.
  • Acquired leading professional genealogy research firm, ProGenealogists, Inc., which specializes in genealogical, forensic and family history research.
  • Added several new important content collections, including U.S. Births and Marriages Collections and the English and Welsh National Probate Calendar from 1861 to 1941.

Business Outlook

The Company’s financial and operating expectations for the fourth quarter and full year 2010 are as follows:

Fourth Quarter 2010

  • Revenue in the range of $80.0 to $82.0 million
  • Adjusted EBITDA in the range of $28.0 to $30.0 million
  • Ending subscribers of approximately 1,380,000

Full Year 2010

  • Revenue in the range of $298 to $300 million (increased from the previously expected range of $290 to $295 million)
  • Adjusted EBITDA in the range of $99 to $101 million (increased from the previously expected range of $93 to $97 million)
  • Ending subscribers of approximately 1,380,000 (increased from the previously expected range of 1,360,000 to 1,370,000)

Disclosure: please see Disclosure Statements for more information on my material connection with Ancestry.com and other genealogy vendors.

©2010, copyright Thomas MacEntee

Open Thread Thursday – What Is Your Genealogical Nightmare?

scary

These week’s topic for Open Thread Thursday is:

While some of the information we dig up about our ancestors might frighten us or family members, there are other possible nightmares related to genealogy research: lack of access to records, the rising cost of performing research, etc. What is your genealogical nightmare?

While we live in a time when it seems there has never been more access to records – both online and offline – a variety of threats to such access exist. Picture a genealogy industry with reduced or restricted access and nightmare could become reality.

* * *

Please either post on today’s topic of “genealogical nightmare” at your own blog and then post the link here in the comments or simply add your two cents in the comments section:

  • Are you concerned over the lack of access to records as more and more states work to restrict access due to privacy concerns? In your opinion, are such concerns especially involving identity theft true or false?
  • With the consolidation of the genealogy industry to just a few “big players,” are you concerned about the price of access to online records?
  • As state, federal and even some church budgets are constantly under pressure and funding is cut, what if some libraries and repositories reduce their hours or simply close?
  • Are there other scenarios you’ve considered that are just as scary?

This is a great topic for this week’s Open Thread Thursday! And please, if you have a topic you’d like to see discussed among your genealogy blogging colleagues, please contact us and we’ll take it under consideration.

©2010, copyright Thomas MacEntee