Fierce Healthcare May 7, 2024
Insurtech Oscar Health is standing by its full-year outlook after surpassing market expectations and beating year-over-year measures.
The company posted $2.1 billion in revenue, a 46% year-over-year increase, and a net income of $177.4 million, an improvement of $217.1 million compared to the previous year. Oscar’s earnings per share came in at $0.62, more than doubling estimates from analysts at Zacks Investment Research.
“Oscar reported strong first quarter results, showing year-over-year improvement across all core metrics and achieving positive net income,” said Mark Bertolini, CEO of Oscar Health, in a statement. “Our performance lays a solid foundation for 2024, and gives us a clear line of sight into total company adjusted EBITDA profitability this year. We remain on a path...
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