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Teladoc posts $640.5 million in revenue, stresses virtual care improvement
Healthcare Finance News November 1, 2024
The company says there’s opportunity to enhance its value proposition in the realm of virtual care.
Teladoc Health put in a stronger-than-expected showing in the third quarter, bringing in $640.5 million in revenue, down 3% year-over-year (YOY), according to the company’s earnings results. The company lost about $0.19 per share in the quarter, for a net loss of $33.3 million.
U.S. revenue decreased 6%, to $536.2 million, and international revenue grew 15%, to $104.3 million over that time. Teladoc Health Integrated Care revenue increased 2%, to $383.7 million in Q3, and BetterHelp revenue decreased 10%, to $256.8 million.
Calling BetterHelp a “company in transition,” Teladoc executives said on an earnings call that there are opportunities to improve the virtual care...
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