Exhibit 99.1
WebMD Health Corp.
Unaudited Consolidated Statements of Operations of the Registrant
For the Quarters ended March 31, 2008, June 30, 2008, September 30, 2008 and
December 31, 2008 and for the Year ended December 31, 2008
(in thousands, except per share amounts)
| | | | | | | | | | | | | | | | | | | | |
| | For the quarter ended, | | | For the year ended | |
| | March 31, 2008 | | | June 30, 2008 | | | September 30, 2008 | | | December 31, 2008 | | | December 31, 2008 | |
| | | | | | | | | | | | | | | | | | | | |
Revenue | | $ | 80,650 | | | $ | 86,004 | | | $ | 96,797 | | | $ | 110,091 | | | $ | 373,542 | |
| | | | | | | | | | | | | | | | | | | | |
Costs and expenses: | | | | | | | | | | | | | | | | | | | | |
Cost of operations | | | 30,927 | | | | 31,968 | | | | 34,225 | | | | 38,018 | | | | 135,138 | |
Sales and marketing | | | 25,149 | | | | 24,898 | | | | 26,021 | | | | 30,012 | | | | 106,080 | |
General and administrative | | | 13,480 | | | | 14,211 | | | | 14,774 | | | | 14,170 | | | | 56,635 | |
Depreciation and amortization | | | 6,672 | | | | 7,087 | | | | 7,056 | | | | 7,106 | | | | 27,921 | |
Interest income | | | 3,453 | | | | 2,350 | | | | 2,616 | | | | 2,033 | | | | 10,452 | |
Impairment of auction rate securities | | | 27,406 | | | | — | | | | — | | | | — | | | | 27,406 | |
Restructuring | | | — | | | | — | | | | — | | | | 2,910 | | | | 2,910 | |
| | | | | | | | | | | | | | | |
Income (loss) from continuing operations | | | | | | | | | | | | | | | | | | | | |
before income tax provision (benefit) | | | (19,531 | ) | | | 10,190 | | | | 17,337 | | | | 19,908 | | | | 27,904 | |
Income tax provision (benefit) | | | 3,432 | | | | 4,501 | | | | 7,375 | | | | (13,097 | ) | | | 2,211 | |
| | | | | | | | | | | | | | | |
Income (loss) from continuing operations | | | (22,963 | ) | | | 5,689 | | | | 9,962 | | | | 33,005 | | | | 25,693 | |
Income (loss) from discontinued operations | | | (372 | ) | | | 663 | | | | 804 | | | | (86 | ) | | | 1,009 | |
| | | | | | | | | | | | | | | |
Net income (loss) | | $ | (23,335 | ) | | $ | 6,352 | | | $ | 10,766 | | | $ | 32,919 | | | $ | 26,702 | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Basic income (loss) per share: | | | | | | | | | | | | | | | | | | | | |
Income (loss) from continuing operations | | $ | (0.40 | ) | | $ | 0.10 | | | $ | 0.17 | | | $ | 0.57 | | | $ | 0.45 | |
Income (loss) from discontinued operations | | | (0.00 | ) | | | 0.01 | | | | 0.02 | | | | (0.00 | ) | | | 0.01 | |
| | | | | | | | | | | | | | | |
Net income (loss) | | $ | (0.40 | ) | | $ | 0.11 | | | $ | 0.19 | | | $ | 0.57 | | | $ | 0.46 | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Diluted income (loss) per share: | | | | | | | | | | | | | | | | | | | | |
Income (loss) from continuing operations | | $ | (0.40 | ) | | $ | 0.10 | | | $ | 0.17 | | | $ | 0.57 | | | $ | 0.44 | |
Income (loss) from discontinued operations | | | (0.00 | ) | | | 0.01 | | | | 0.01 | | | | (0.01 | ) | | | 0.01 | |
| | | | | | | | | | | | | | | |
Net income (loss) | | $ | (0.40 | ) | | $ | 0.11 | | | $ | 0.18 | | | $ | 0.56 | | | $ | 0.45 | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Weighted-average shares outstanding used in | | | | | | | | | | | | | | | | | | | | |
computing income (loss) per common share: | | | | | | | | | | | | | | | | | | | | |
Basic | | | 57,636 | | | | 57,693 | | | | 57,770 | | | | 57,771 | | | | 57,717 | |
| | | | | | | | | | | | | | | |
Diluted | | | 57,636 | | | | 59,061 | | | | 59,111 | | | | 58,384 | | | | 58,925 | |
| | | | | | | | | | | | | | | |