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HLTH Corporation Announces Third Quarter Financial Results
Date:10/30/2008

ELMWOOD PARK, N.J., Oct. 30 /PRNewswire-FirstCall/ -- HLTH Corporation (Nasdaq: HLTH) today announced financial results for the three months ended September 30, 2008.

Martin J. Wygod, Chairman and Acting Chief Executive Officer of HLTH Corporation, said: "WebMD, HLTH's 84% owned subsidiary, continues to demonstrate its strength as the leading source of health information for consumers and health care professionals. WebMD's third quarter advertising sales, which we believe is an early indicator for 2009 growth, suggests our customers are looking to more aggressively integrate online strategies into their core marketing mix to both consumer and healthcare professionals in 2009."

Consolidated Financial Highlights

Revenue for the third quarter was $100.4 million, an increase of 17% over the prior year. Earnings before interest, taxes, non-cash and other items ("Adjusted EBITDA") for the third quarter was $22.5 million, an increase of 23% over the prior year. Income from continuing operations for the third quarter was $2.6 million or $0.01 per share. Income from discontinued operations was $93.2 million or $0.50 per share and net income was $95.9 million or $0.51 per share.

At September 30, 2008, HLTH had approximately $1.66 billion in cash and investments, of which $332.6 million is attributable to WebMD.

Segment Operating Results

Online Services segment revenue was $94.6 million for the third quarter compared to $79.6 million in the prior year period, an increase of 19%. Advertising and sponsorship revenue increased 22%, from the prior year period, to $72.0 million. Private portal licensing revenue increased 11%, from the prior year period, to $22.1 million. Online Services segment Adjusted EBITDA in
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SOURCE HLTH Corporation
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