Healthcare DIVE October 25, 2023
Emily Olsen

The virtual care giant reported mixed results Tuesday, missing Wall Street expectations on revenue but beating on earnings per share.

Dive Brief:

  • Teladoc Health reported mixed third-quarter results on Tuesday as the virtual care giant announced a “comprehensive operational review” aimed at boosting its bottom line.
  • The company beat analyst forecasts on earnings per share in the third quarter but missed on revenue. Revenue increased 8% year over year to $660 million, while net loss narrowed to $57 million from almost $74 million during the same time last year. Teladoc’s stock was down 5% in Wednesday morning trade following the earnings.
  • The virtual care giant is “disappointed” with its current stock valuation, CEO Jason Gorevic said on an...

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Topics: Digital Health, Technology, Telehealth
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