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WebMD Announces Fourth Quarter Financial Results
Date:2/19/2009

----- ----- Net income $29.9 $43.0 ===== ===== Net income per common share: Basic $0.51 $0.73 ===== ===== Diluted $0.48 $0.69 ===== ===== Weighted-average shares outstanding used in computing net income per common share: Basic 59.0 59.0 Diluted 62.0 62.0 (a) See Annex A - Explanation of Non-GAAP Financial Measures (b) Reconciliation of Adjusted EBITDA to net income Additional information regarding forecast for first quarter of 2009: - Revenue is forecasted to be approximately $90 to $92 in quarter ending March 31, 2009 - Adjusted EBITDA as a percentage of revenue is forecasted to be approximately 19% in quarter ending March 31, 2009 - Net Income as a percentage of revenue is forecasted to be approximately 2% to 3% in quarter ending March 31, 2009 Additional information regarding full year forecast: - Income tax rate for 2009 is forecasted to be approximately 41% of pretax income. The income tax provision excludes any benefit relating to any reversal in 2009 of the valuation allowance against deferred tax assets. - The distribution of the annual revenue is expected to be approximately 75% advertising and sponsorship, 21% licensing and 4% publishing and other. Quarterly revenue distributions may vary from this annual estimate.

ANNEX A

Explanation of Non-GAAP Financial Measures

(All dollar amounts in thousands)

The accompanying WebMD Health
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