Everyday Health beats as Q4 revenues grow 30%

|About: Everyday Health, Inc. (EVDY)|By:, SA News Editor

Everyday Health (EVDY -1.7%) reported Q4 earnings where profits fell but beat expectations along with revenues that grew nearly 30%.

EBITDA was up 39% to $26.1M, just short of an expected $27M. Ad revenue grew nearly 24%; revenue from the company's top 30 strategic advertisers was up 42% Y/Y.

Revenue by segment: Advertising and sponsorship, $72.9M (up 23.6%); premium services, $8.8M (up 116%).

For Q1, the company's guiding to total revenue of $47M-$51M ($43M-$47M from advertising and sponsorship), vs. $47.7M expected, and for EBITDA of -$0.5M to $0.5M, light of consensus for $1.7M. For the full year, it's forecasting $250M-$260M in total revenue ($233M-$243M from ads and sponsorship), vs. $255.4M expected, and EBITDA of $43.6M-$47.6M, below a consensus for $49.3M.

Conference call to come at 4:30 p.m. ET.

Press Release

Update: Shares are up 26% premarket on Wednesday on average volume.

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This was corrected on 03/02/2016 at 08:30 AM. Shares up 26% premarket.