Exhibit 99.3
WEBMD HEALTH CORP.
2007 FINANCIAL GUIDANCE SUMMARY
(in millions, except per share amounts)
2007 FINANCIAL GUIDANCE SUMMARY
(in millions, except per share amounts)
Preliminary | ||||||||||||||||||||||||||||||||||||
Quarter Ended | Quarter Ended | Quarter Ended | Quarter Ended | Year Ended | ||||||||||||||||||||||||||||||||
March 31, 2007 | June 30, 2007 | September 30, 2007 | December 31, 2007 | December 31, 2007 | ||||||||||||||||||||||||||||||||
Actual | Range | Range | Range | Range(c) | ||||||||||||||||||||||||||||||||
Revenue | $ | 73.0 | $ | 76.0 | $ | 78.0 | $ | 89.0 | $ | 94.0 | $ | 102.0 | $ | 109.0 | $ | 340.0 | $ | 354.0 | ||||||||||||||||||
Earnings before interest, taxes, depreciation, amortization and other non-cash items (“Adjusted EBITDA”) (a) | 12.6 | 14.1 | 14.8 | 20.9 | 23.0 | 31.6 | 34.9 | 79.2 | 85.3 | |||||||||||||||||||||||||||
Adjusted EBITDA per diluted common share | $ | 0.21 | $ | 0.24 | $ | 0.25 | $ | 0.35 | $ | 0.38 | $ | 0.53 | $ | 0.58 | $ | 1.32 | $ | 1.42 | ||||||||||||||||||
Interest, taxes, depreciation, amortization and other non-cash items (b) | ||||||||||||||||||||||||||||||||||||
Interest income | 2.0 | 2.3 | 2.5 | 2.7 | 2.9 | 2.9 | 3.2 | 9.9 | 10.6 | |||||||||||||||||||||||||||
Depreciation and amortization | (6.0 | ) | (7.4 | ) | (7.2 | ) | (7.5 | ) | (7.9 | ) | (8.1 | ) | (8.4 | ) | (29.0 | ) | (29.5 | ) | ||||||||||||||||||
Non-cash advertising | (2.3 | ) | — | — | — | — | (3.2 | ) | (3.0 | ) | (5.5 | ) | (5.3 | ) | ||||||||||||||||||||||
Non-cash stock-based compensation | (5.4 | ) | (6.0 | ) | (5.8 | ) | (7.0 | ) | (6.7 | ) | (5.3 | ) | (5.0 | ) | (23.7 | ) | (22.9 | ) | ||||||||||||||||||
Income tax provision | (0.2 | ) | (0.5 | ) | (0.6 | ) | (1.4 | ) | (2.0 | ) | (3.3 | ) | (3.7 | ) | (5.4 | ) | (6.5 | ) | ||||||||||||||||||
Net income | $ | 0.7 | $ | 2.5 | $ | 3.7 | $ | 7.7 | $ | 9.3 | $ | 14.6 | $ | 18.0 | $ | 25.5 | $ | 31.7 | ||||||||||||||||||
Net income per common share: | ||||||||||||||||||||||||||||||||||||
Basic | $ | 0.01 | $ | 0.04 | $ | 0.06 | $ | 0.14 | $ | 0.16 | $ | 0.26 | $ | 0.32 | $ | 0.45 | $ | 0.56 | ||||||||||||||||||
�� | ||||||||||||||||||||||||||||||||||||
Diluted | $ | 0.01 | $ | 0.04 | $ | 0.06 | $ | 0.13 | $ | 0.16 | $ | 0.24 | $ | 0.30 | $ | 0.43 | $ | 0.53 | ||||||||||||||||||
Weighted-average shares outstanding used in computing net income per common share: | ||||||||||||||||||||||||||||||||||||
Basic | 57.0 | 57.0 | 57.0 | 57.0 | 57.0 | 57.0 | 57.0 | 57.0 | 57.0 | |||||||||||||||||||||||||||
Diluted | 59.6 | 60.0 | 60.0 | 60.0 | 60.0 | 60.0 | 60.0 | 60.0 | 60.0 | |||||||||||||||||||||||||||
(a) | See Annex A — Explanation of Non-GAAP Financial Measures | |
(b) | Reconciliation of Adjusted EBITDA to net income | |
(c) | 2007 Revenue Distribution |
Range | |||||||||
Advertising and Sponsorship | $ | 237.0 | $ | 245.0 | |||||
Licensing | 80.0 | 85.0 | |||||||
Content syndication and other | $ | 2.0 | $ | 2.0 | |||||
Online | $ | 319.0 | $ | 332.0 | |||||
Publishing | $ | 21.0 | $ | 22.0 | |||||
Total Revenue | $ | 340.0 | $ | 354.0 | |||||