Earnings: WebMD Reports Higher Profit; Advertising and Sponsorship Revenue Up 16%

WebMD (NSDQ: WBMD) continues to benefit from relative strength in the online health advertising market. The company said its revenue increased to $90.3 million, up 12 percent from $80.7 million a year ago. The company posted net income of $2.8 million (5 cents per share), up from a loss of $23.3 million (40 cents per share) a year ago.

The results were largely in line with analyst expectations. On average, analysts expected earnings per share of 5 cents and revenue of $90.67 million.

Release | Webcast

Some highlights after the jump:

Advertising and sponsorship revenue: The company said advertising and sponsorship revenue increased 16 percent to $65.4 million, from $56.5 million a year ago.

Private portal licensing revenue: Revenue generated from employers and health plans using WebMD’s private health and benefits portals increased 5 percent to $23 million, from $21.9 million a year ago.

Divestment: The company said it would shed its Little Blue Book print directory business.

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