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

al information released today reflects the consummation of the merger. The applicable accounting treatment for the merger results in HLTH being treated as the acquiring entity and, as a result, the pre-acquisition consolidated financial statements of HLTH became the historical financial statements of WebMD beginning with the closing of the merger on October 23, 2009.

Revenue for the fourth quarter was $138.1 million, compared to $110.1 million in the prior year period, an increase of 25.4%.

  • Public portal advertising and sponsorship revenue was $114.9 million for the fourth quarter, compared to $86.9 million in the prior year period, an increase of 32%. Traffic to the WebMD Health Network continued to grow, reaching an average of 62.5 million unique users per month and total traffic of 1.5 billion page views during the fourth quarter, increases of 16% and 17%, respectively, from a year ago. During the fourth quarter, 1.8 million continuing medical education (CME) programs were completed on the WebMD Professional Network, an increase of 19% from the prior year period.
  • Private portal services revenue was $23.2 million for both the fourth quarter of 2009 and the prior year period. The base of large employers and health plans utilizing WebMD’s private Health and Benefits portals during the fourth quarter was 138 as compared to 134 a year ago.

Adjusted EBITDA for the fourth quarter was $46.4 million or $0.65 per share, compared to $29.4 million or $0.43 per share in the prior year period, an increase of 58%.

Consolidated income from continuing operations for the
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SOURCE WebMD
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