WebMD and Yahoo! Enter into Exclusive Multi-Year Search and Advertising
Distribution Agreements WebMD Announces Third Quarter Earnings Release Date and Conference Call
NEW YORK, Oct. 16 /PRNewswire-FirstCall/ -- WebMD Health Corp. (Nasdaq: WBMD), the leading provider of health information services, today announced preliminary financial results for the three months ended September 30, 2007.
Preliminary Results for the Three Months Ended September 30, 2007
WebMD expects that it will report the following financial results for the third quarter of 2007:
-- Revenue of $86.0 to $87.0 million, an increase of approximately 30%
over the $66.6 million reported in the prior year period. Prior
guidance was $89.0 to $94.0 million.
-- Earnings before interest, taxes, depreciation, amortization, and other
non-cash items ("Adjusted EBITDA") of $22.8 to $23.8 million, an
increase of approximately 59% over the $14.6 million reported in the
prior year period. Prior guidance was $22.0 to $24.5 million.
-- Net income of $10.8 to $11.7 million as compared to $0.5 million
reported in the prior year period. Prior guidance was $8.2 to $10.6
Traffic to The WebMD Health Network was approximately 40 million average monthly unique visitors and 860 million page views, an increase of 24% and 18%, respectively, over the prior year. Excluding the prior year period's traffic from AOL (which ceased to be part of The WebMD Health Network earlier this year), the average monthly unique visitors to The WebMD Health Network increased approximately 32% and page view traffic increased approximately 22%.
"We continued to experience strong sales growth of advertising and
sponsorship programs in the pharmaceutical, bio-tech and medical device
markets this past quarter. However, the timing of the launch of these
programs is more weighted to 2008 than we ha
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