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Sep 30, 2022
Talkspace Q3 2022 Earnings Report
Talkspace's third quarter performance was characterized by a significant acceleration in business-to-business revenue growth, driven by higher penetration of in-network services and new enterprise client wins, offset by an anticipated decline in business-to-consumer revenue as the company continued to optimize consumer marketing spend.
Key Takeaways
Talkspace's Q3 2022 shows an 11% increase in revenue to $29 million, driven by a 117% growth in B2B revenue, although this was partially offset by a 33% decline in B2C revenue. The net loss was $18 million, compared to a net income of $2 million in the prior-year period.
B2B revenue growth accelerated significantly.
Approximately 9 million eligible lives and 10 new enterprise accounts were added during the quarter.
Actions were taken to reduce operating expense run-rate and drive efficiencies.
Total revenue grew by 11% to $29 million.
Forward Guidance
No forward guidance provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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