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

quarter ending March 31, 2010 Additional information regarding full year 2010 forecast: - Income tax rate for 2010 is forecasted to be approximately 43% of pretax income. - The distribution of the annual revenue is expected to be approximately 83% public portal advertising and sponsorship and 17% private portal services. Quarterly revenue distributions may vary from this annual estimate - 2010 guidance excludes any gains or losses related to repurchase of convertible notes.

ANNEX A

Explanation of Non-GAAP Financial Measures

(All dollar amounts in thousands)

The accompanying WebMD Health Corp. press release and financial tables include both financial measures in accordance with U.S. generally accepted accounting principles, or GAAP, as well as non-GAAP financial measures.  The non-GAAP financial measures represent earnings before interest, taxes, non-cash and other items (which we refer to as “Adjusted EBITDA”) and related per share amounts.  Adjusted EBITDA should be viewed as supplemental to, and not as an alternative for, “consolidated income (loss) from continuing operations” or “net (loss) income attributable to Company stockholders” calculated in accordance with GAAP.  The accompanying financial tables include reconciliations of non-GAAP financial measures to GAAP financial measures.  We also sometimes refer to:   “Adjusted EBITDA margin” which, for any specified period, is calculated as the percent of revenue (calculated in accordance with GAAP) that “Adjusted EBITDA” represents; and “Adjusted EBITDA margin on incremental revenue” which, for any specified period-to-period comparison, is calculated as the percent of the difference in revenue (calculated in accordance with GAAP) between t
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