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WebMD Announces Fourth Quarter Financial Results
Date:2/18/2010

NEW YORK, Feb. 18 /PRNewswire-FirstCall/ -- WebMD Health Corp. (Nasdaq: WBMD), the leading source of health information, today announced financial results for the three months and year ended December 31, 2009.

For the three months ended December 31, 2009:

  • Revenue was $138.1 million, compared to $110.1 million in the prior year period, an increase of 25.4%.
  • Earnings before interest, taxes, non-cash and other items ("Adjusted EBITDA") was $46.4 million, compared to $29.4 million in the prior year period, an increase of 58%.
  • Net income was $98.3 million or $1.39 per share, compared to $7.7 million or $0.11 per share in the prior year period.

“Our strong growth in the fourth quarter capped off a successful year for WebMD,” said Wayne Gattinella, President and CEO. “WebMD delivered ad revenue growth of 32% in the fourth quarter in the midst of a weak media environment where online U.S. display advertising was down an estimated 5% in 2009. As we look to 2010, we are excited by the momentum that we see in our business as we further establish the value of the WebMD franchise in the marketplace.”

Financial Summary

As previously announced, WebMD completed the merger with HLTH Corporation, its former parent company, on October 23, 2009. The current and historical financi
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