PYMNTS.com August 8, 2024
It was a mixed bag of growth and challenges for digital healthcare platform GoodRx during the second quarter.
In reporting its second-quarter results Thursday (Aug. 8), GoodRx said monthly active users (MACs) rose 8%, contributing to a 7% rise in prescription transactions revenue, which totaled $146.7 million.
While overall second-quarter revenue rose 6%, to $200.6 million, subscription revenue sank 8%, to $22 million, driven by a decrease in the number of subscription plans due to last month’s sunsetting of the company’s partnership subscription program, Kroger Savings Club.
Meanwhile, GoodRx will incur an estimated $5 million loss due to Rite Aid’s store closures. Total Rite Aid store closures have exceeded 650 since the company filed for Chapter 11 bankruptcy 10 months...
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