Fierce Healthcare October 24, 2023
Teladoc’s third-quarter revenue grew 8% to reach $660 million, boosted by solid performance in its chronic condition management business and steady membership growth as the company now touts 90 million users.
The telehealth giant, which has been in operation for 20 years, also narrowed its losses this past quarter to a net loss of $57 million, or 35 cents per share, compared to a net loss of $73.5 million, or 45 cents per share, for the third quarter of 2022.
The company’s stock dropped 5.8% in after-hours trading Tuesday as revenue fell short of estimates. The FactSet consensus was for a loss of 37 cents and revenue of $664 million.
The stock has fallen 23% in the year...
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