Earnings: WebMD Q3 Revs Grow 31 Percent; HLTH Corp Clarifies Intent to Merge Into WebMD

Health portal WebMD (NSDQ: WBMD) reported Q3 revenue of $87.2 million, up 31 percent from last year’s $66.6 million. Net income increased to $11.5 million ($.19 per share) from $490,000 ($.01 per share) in the year-ago period. Some highlights:

— Advertising grew by 36 percent to $59.1 million, while private portal licensing grew 37 percent to $20 million.

— Excluding last year’s traffic from AOL (NYSE: TWX), which has since ceased, page views grew by 23 percent.

The company also said that parent firm HLTH Corp, which owns 84 percent of WebMD, is moving ahead with plans to give its shareholders more say in the WebMD business by merging into the company. The transaction would be in the form of a tax-free stock distribution. An independent committee has been formed to evaluate the plan.

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