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)
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 | Actual | Range | Range | Range | ||||||||||||||||||||||||||||
Revenue | $ | 73.0 | $ | 78.5 | $ | 89.0 | $ | 94.0 | $ | 102.0 | $ | 109.0 | $ | 342.5 | $ | 354.5 | ||||||||||||||||
Earnings before interest, taxes, depreciation, amortization and other non-cash items (“Adjusted EBITDA”) (a) | 12.6 | 15.2 | 22.0 | 24.5 | 32.5 | 36.0 | 82.3 | 88.3 | ||||||||||||||||||||||||
Adjusted EBITDA per diluted common share | $ | 0.21 | $ | 0.25 | $ | 0.37 | $ | 0.41 | $ | 0.54 | $ | 0.60 | $ | 1.37 | $ | 1.47 | ||||||||||||||||
Interest, taxes, depreciation, amortization and other non-cash items (b) | ||||||||||||||||||||||||||||||||
Interest income | 2.0 | 3.1 | 3.3 | 3.1 | 3.4 | 3.2 | 11.8 | 11.4 | ||||||||||||||||||||||||
Depreciation and amortization | (6.0 | ) | (6.9 | ) | (7.4 | ) | (7.2 | ) | (7.6 | ) | (7.2 | ) | (27.9 | ) | (27.3 | ) | ||||||||||||||||
Non-cash advertising | (2.3 | ) | — | (0.5 | ) | (0.3 | ) | (2.9 | ) | (2.7 | ) | (5.7 | ) | (5.3 | ) | |||||||||||||||||
Non-cash stock-based compensation | (5.4 | ) | (4.5 | ) | (6.2 | ) | (6.0 | ) | (5.0 | ) | (4.8 | ) | (21.1 | ) | (20.7 | ) | ||||||||||||||||
Income tax provision | (0.2 | ) | (1.3 | ) | (3.0 | ) | (3.5 | ) | (5.2 | ) | (5.6 | ) | (9.7 | ) | (10.6 | ) | ||||||||||||||||
Net income | $ | 0.7 | $ | 5.4 | $ | 8.2 | $ | 10.6 | $ | 15.2 | $ | 18.9 | $ | 29.5 | $ | 35.6 | ||||||||||||||||
Net income per common share: | ||||||||||||||||||||||||||||||||
Basic | $ | 0.01 | $ | 0.09 | $ | 0.14 | $ | 0.19 | $ | 0.27 | $ | 0.33 | $ | 0.52 | $ | 0.62 | ||||||||||||||||
Diluted | $ | 0.01 | $ | 0.09 | $ | 0.14 | $ | 0.18 | $ | 0.25 | $ | 0.32 | $ | 0.49 | $ | 0.59 | ||||||||||||||||
Weighted-average shares outstanding used in computing net income per common share: | ||||||||||||||||||||||||||||||||
Basic | 57.0 | 57.1 | 57.1 | 57.1 | 57.1 | 57.1 | 57.1 | 57.1 | ||||||||||||||||||||||||
Diluted | 59.6 | 59.7 | 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