WebMD +12.3% premarket on Q1 guidance hike


WebMD (WBMD) expects Q1 revenue to be at the high end of a prior guidance range of $130M-$133M; the consensus is at $132.1M. Adjusted EBITDA and net income are expected to be slightly above prior guidance ranges of $28.5M-$30.5M and 3%-4% of revenue, respectively.

Full-year revenue, adjusted EBITDA, and net income are now expected to be at the high end of prior guidance ranges of $545M-$575M, and $140M-$155M, and $27M-$39M; the revenue consensus is at $572.6M.

WebMD also reports its Q1 unique users and page views respectively rose 32% and 26% Y/Y to 174M and 3.5B, and that it only has $18M remaining on its buyback authorization. The company had $51M remaining on March 21, following a $40M hike.

Q1 results arrive on April 30.

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