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

2010 Financial Guidance  

The Company issued financial guidance for 2010 today.

“We enter 2010 with a healthy backlog of signed contracts as we experienced strong upfront buying at the end of 2009,” said Wayne Gattinella. “Coupled with our strong pipeline of potential new business, we are very enthusiastic about the year ahead.”

For 2010, WebMD expects:

  • Revenue to be approximately $510 million to $525 million, an increase of 16% to 20% over 2009;
  • Adjusted EBITDA to be approximately $150 million to $158 million, an increase of 33% to 40% over 2009; and
  • Income from continuing operations to be approximately $45 million to $53 million, or $0.68 to $0.80 per diluted share.  

These amounts represent growth of approximately 21% to 25% in public portal advertising and sponsorship revenue over 2009 and private portal services revenue consistent with 2009.

For the first quarter of 2010, WebMD expects:

  • Revenue to be in the range of $103 million to $106 million with Adjusted EBITDA representing approximately 21.5% to 22.5% of revenue.
  • Income from continuing operations is estimated to be in the range of 2% to 3.5% of revenue.

Additional detail is provided in a schedule attached to this release.

Analyst and Investor Conference Call

As previously announced, WebMD will hold a conference call with investors and analysts to discuss its fourth quarter results at 4:45 p.m. (Eastern) today. The call can be accessed at

SOURCE WebMD
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