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WebMD Announces First Quarter Financial Results

Published in Healthcare Finance, Tax and Law Weekly, May 20th, 2009

WebMD Health Corp. (NASDAQ: WBMD) announced financial results for the three months ended March 31, 2009.

"We are pleased that even in this economic environment WebMD continues to deliver strong results," said Wayne Gattinella, President and CEO. "Our network traffic from both consumers and physicians continues to expand organically. Advertising demand on WebMD remains strong and our advertising revenue is growing significantly faster than the market overall. Even as many large biotechnology, pharmaceutical and consumer products companies are reducing their overall ad budgets this year, WebMD is benefiting as these companies consolidate their spending with fewer, high...

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