Angie’s List Inc (NASDAQ:ANGI) shares were up on Wednesday.

Angie’s List announced an improved outlook for its 2015 adjusted EBITDA. The company is expecting revenue between $357 million to $363 million for the year. It’s also expecting adjusted EBITDA of $30 million to $32 million. This is an increase over its previous guidance, which ranged from $28 million to $30 million.

Angie’s List also announced that current CEO William S. Oesterle will be stepping down after 20 years with the company. He will remain as CEO until a replacement is found and will serve on the company board until the end of his term.

Oesterle said he is leaving the company to pursue other interests. He also said that he will give a greater focus to being “civically involved” in Indiana. The board is considering outside and inside candidates for his replacement.

ANGI shares were up 9% as of Wednesday afternoon.

More From InvestorPlace