Exhibit 99.1
 
Web.com Reports Fourth Quarter and Full Year 2009 Financial Results

JACKSONVILLE, FL – February 9, 2010 –
Web.com Group, Inc.  (NASDAQ: WWWW), a leading provider of online marketing for small and medium-sized businesses, today announced results for the fourth quarter and full year ended December 31, 2009.

David Brown, Chairman and CEO of Web.com, said, “Web.com delivered solid financial results in 2009 considering the economic pressures impacting the small business market place.  During the fourth quarter of and full year 2009, we grew our subscriber base, reduced churn  to record low levels and continued to expand our distribution channels.  In addition, we generated strong cash flow and shareholder value as a result of our focus on maximizing operational efficiency and successfully executing on our share repurchase program.”

Brown added, “The small business market continues to face strong economic headwinds, and visibility into a macro improvement remains limited.  As a result, our focus to start 2010 is largely the same as it was entering 2009.  We will continue to focus on generating strong cash flow and non-GAAP operating margins in the mid-teens range, in addition to further diversifying our partnership channel.  At the same time, we plan to increase our investments in direct sales and marketing programs to further enhance the company’s longer-term growth profile.  Web.com again proved its resiliency during 2009, and we expect to further strengthen our long-term market position during 2010.”

Summary of Fourth Quarter 2009 Results:

 
·
Total revenue was $26.3 million for the fourth quarter of 2009, an increase from $26.1 million in the third quarter of 2009 and compared to $28.7 million for the fourth quarter of 2008.

 
·
Operating income, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $480 thousand, compared to an operating loss of $100.5 million for the fourth quarter of 2008. The prior year period included a goodwill and asset impairment charge of $102.6 million.

 
·
GAAP net income from continuing operations, which included a net income tax benefit of $1.5 million, was $2.1 million for the fourth quarter of 2009.  This compares to GAAP net loss from continuing operations of $100.4 million in the fourth quarter of 2008.  GAAP net income from continuing operations was $0.07 per diluted share for the fourth quarter of 2009, compared to GAAP net loss from continuing operations of $3.75 per diluted share for the fourth quarter of 2008.

 
·
Non-GAAP operating income was $4.3 million for the fourth quarter of 2009, representing a non-GAAP operating margin of 16% and compared to $6.3 million for the fourth quarter of 2008.

 
 

The following information was filed by Web.Com Group, Inc. (WEB) on Tuesday, February 9, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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