MobiHealth News April 29, 2024
The telemedicine giant reported a net loss of $81.9 million in the first quarter of the year and a 20% increase in EBITDA year-over-year.
Virtual care company Teladoc reported $646.1 million in revenue in the first quarter of 2024, a 3% increase from $629.2 million in Q1 2023.
Its revenue from Teladoc Health Integrated Care increased to $377.1 million in Q1 2024, an 8% increase year-over-year, and BetterHelp revenue decreased 4% to $269 million.
The company posted an adjusted EBITDA of $63.1 million, a 20% year-over-year increase, compared to $52.8 million in Q1 of 2023.
Teladoc’s Integrated Care segment adjusted EBITDA grew 36% year-over-year in the first quarter to $47.7 million, while its BetterHelp segment decreased 12% to...
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