EXHIBIT 99.3
FINANCIAL GUIDANCE SUMMARY
2006 Financial Guidance
(in millions, except per share amounts)
| | | | | | | | | | | | | | | | | | | | | |
| | | | | | | Three Months Ended | | Year Ended |
| | | Nine Months Ended | | December 31,2006 | | December 31, 2006 |
| | | September 30, 2006 | | Range | | Range |
| Revenue | | $ | 173.3 | | | $ | 73.5 | | | $ | 76.5 | | | $ | 246.8 | | | $ | 249.8 | |
| | | | | | | | | | | | | | | | | | | | | |
| Earnings before interest, taxes, depreciation, amortization and other non-cash items (“Adjusted EBITDA”) (a) | | | 30.8 | | | | 19.3 | | | | 20.5 | | | | 50.1 | | | | 51.3 | |
| | | | | | | | | | | | | | | | | | | | | |
| Adjusted EBITDA per diluted common share | | $ | 0.28 | | | $ | 0.33 | | | $ | 0.35 | | | $ | 0.86 | | | $ | 0.88 | |
| | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| Interest income | | | 4.1 | | | | 0.9 | | | | 1.0 | | | | 5.0 | | | | 5.1 | |
| Depreciation and amortization | | | (12.6 | ) | | | (6.7 | ) | | | (6.4 | ) | | | (19.3 | ) | | | (19.0 | ) |
| Non-cash advertising | | | (4.5 | ) | | | (2.7 | ) | | | (2.5 | ) | | | (7.2 | ) | | | (7.0 | ) |
| Non-cash stock-based compensation | | | (21.2 | ) | | | (5.4 | ) | | | (5.1 | ) | | | (26.6 | ) | | | (26.3 | ) (b) |
| Income tax provision | | | (0.9 | ) | | | (1.1 | ) | | | (0.9 | ) | | | (2.0 | ) | | | (1.8 | ) |
| | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
| Net income (loss) | | $ | (4.3 | ) | | $ | 4.3 | | | $ | 6.6 | | | $ | (0.0 | ) | | $ | 2.3 | |
| | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| Net income (loss) per common share: | | | | | | | | | | | | | | | | | | | | |
| Basic | | $ | (0.08 | ) | | $ | 0.08 | | | $ | 0.12 | | | $ | (0.00 | ) | | $ | 0.04 | |
| | | | | | | |
| Diluted | | $ | (0.08 | ) | | $ | 0.07 | | | $ | 0.11 | | | $ | (0.00 | ) | | $ | 0.04 | |
| | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| Weighted-average shares outstanding used in computing net income (loss) per common share: | | | | | | | | | | | | | | | | | | | | |
| Basic | | | 56.1 | | | | 56.2 | | | | 56.2 | | | | 56.1 | | | | 56.1 | |
| Diluted | | | 56.1 | | | | 59.0 | | | | 59.0 | | | | 58.2 | | | | 58.2 | |
| | |
| (a) | | See Annex A — Explanation of Non-GAAP Financial Measures. |
| |
| (b) | | Includes approximately $22.0 or $0.38 per diluted share relating to the adoption of FAS 123R on January 1, 2006. |
FINANCIAL GUIDANCE SUMMARY
2007 Financial Guidance
(in millions, except per share amounts)
| | | | | | | | | |
| | | Year Ended |
| | | December 31, 2007 |
| | | Range |
| Revenue | | $ | 330.0 | | | $ | 340.0 | |
| | | | | | | | | |
| Earnings before interest, taxes, depreciation, amortization and other non-cash items (“Adjusted EBITDA”) (a) | | | 72.0 | | | | 78.0 | |
| | | | | | | | | |
| Adjusted EBITDA per diluted common share | | $ | 1.20 | | | $ | 1.30 | |
| | | |
| | | | | | | | | |
| Interest income | | | 7.6 | | | | 8.7 | |
| Depreciation and amortization | | | (33.6 | ) | | | (32.4 | ) |
| Non-cash advertising | | | (5.1 | ) | | | (5.1 | ) |
| Non-cash stock-based compensation | | | (22.4 | ) | | | (21.6 | ) |
| Income tax provision | | | (5.5 | ) | | | (4.6 | ) |
| |
| | | |
| Net income | | $ | 13.0 | | | $ | 23.0 | |
| | | |
| | | | | | | | | |
| Net income per common share: | | | | | | | | |
| Basic | | $ | 0.23 | | | $ | 0.40 | |
| | | |
| Diluted | | $ | 0.22 | | | $ | 0.38 | |
| | | |
| | | | | | | | | |
| Weighted-average shares outstanding used in computing net income per common share: | | | | | | | | |
| Basic | | | 57.1 | | | | 57.1 | |
| Diluted | | | 60.0 | | | | 60.0 | |
| | |
| (a) | | See Annex A — Explanation of Non-GAAP Financial Measures |
