WebMD Health (WBMD) Sees Q4, FY14 Results at High-End of Prior Guidance
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On November 5, 2014, WebMD Health Corp. (NASDAQ: WBMD) issued a press release that, among other things, provided financial guidance for the fourth quarter of 2014 and the year ending December 31, 2014, a summary of which guidance was furnished by WebMD as Exhibit 99.3 to a Current Report on Form 8-K filed on November 5, 2014. The financial guidance for full year 2014 included a range for revenue of $570 million to $580 million and a range for earnings before interest, taxes, non-cash and other items (“Adjusted EBITDA”) of $152.5 million to $157.5 million.
WebMD plans to indicate, at an investor conference this week, that revenue and Adjusted EBITDA for the quarter and year ended December 31, 2014 are expected to be at the high end of the ranges provided in the November 5, 2014 Form 8-K. In addition, with respect to the outlook for 2015, WebMD plans to indicate that management:
• is pleased with advertising and sponsorship sales activity for its Public Portals in the fourth quarter of 2014; and
• as previously disclosed, expects revenue growth for its Private Portals in 2015 to be in the mid-single digits.
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