WebMD (Nasdaq: WBMD), which provides health information through its online portal, has reported Q2 profits as revenue increased in several segments of its online services business. It earned $5.4 million in Q2, compared with a loss of $853K in the year-ago quarter. Revenues grew to $78.5 million from $56.6 million a year earlier.
Its online services business’ sales rose $23.3 million from a year ago to $72.9 million. Within that unit, WebMD’s (NSDQ: WBMD) ad and sponsorship sales increased by $16.2 million to $52.4 million, and the company’s licensing revenue also grew, adding $7.5 million to $19.8 million.
Also, its CFO Tony Vuolo, has been named to the company’s new COO position, while Mark Funston, who is the CFO of WebMD’s parent company, HLTH Corp., will take on Vuolo’s old responsibilities in addition to serving in his current post. More in release.