Talkspace

May 03, 2022

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Mar 31, 2022

Talkspace Q1 2022 Earnings Report

Reported revenue growth driven by increasing demand for B2B services, offset by a decline in the consumer business. B2C business demonstrated modest improvement in operating metrics.

Key Takeaways

Talkspace reported an 11% increase in revenue to $30 million for Q1 2022, driven by a 50% growth in B2B revenue, which was partially offset by a 7% decline in B2C revenue. The number of B2B eligible lives grew by 54% to 76.5 million, and completed B2B sessions increased by 68% to 90,600. Active members grew by 10% to 64,500.

Revenue increased by 11% year-over-year to $30 million.

B2B eligible lives grew by 54% to 76.5 million.

Completed B2B sessions increased by 68% to 90,600.

Active members grew by 10% to 64,500.