Earnings: WebMD Reports Higher Profit; Advertising and Sponsorship Revenue Up 16%
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WebMD (NSDQ: WBMD) continues to benefit from relative strength in the online health advertising market. The company said its revenue increased to $90.3 million, up 12 percent from $80.7 million a year ago. The company posted net income of $2.8 million (5 cents per share), up from a loss of $23.3 million (40 cents per share) a year ago.
SEE ALSO: Analyst: Online Health Category Still Healthy
The results were largely in line with analyst expectations. On average, analysts expected earnings per share of 5 cents and revenue of $90.67 million.
Some highlights after the jump:
—Advertising and sponsorship revenue: The company said advertising and sponsorship revenue increased 16 percent to $65.4 million, from $56.5 million a year ago.
—Private portal licensing revenue: Revenue generated from employers and health plans using WebMD’s private health and benefits portals increased 5 percent to $23 million, from $21.9 million a year ago.
—Divestment: The company said it would shed its Little Blue Book print directory business.
@josephtartakoff
May 5, 2009 2:59 PM ET
Posted In: Media & Publishing, Health Content
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