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Sep 30, 2024
Talkspace Q3 2024 Earnings Report
Revenue increased, driven by Payor and DTE growth, with net income turning positive and adjusted EBITDA also showing profitability.
Key Takeaways
Talkspace reported a strong third quarter in 2024, marked by a 23% increase in total revenue compared to the previous year. This growth was primarily driven by a substantial rise in Payor revenue and Direct to Enterprise (DTE) revenue, although partially offset by a decline in Consumer revenue. The company also achieved a net income of $1.9 million, a significant improvement from the net loss in the same quarter of the previous year, and reported adjusted EBITDA profitability.
Total revenue grew by 23% year-over-year, reaching $47.4 million.
Payor revenue increased by 45% year-over-year.
Net income improved to $1.9 million, compared to a net loss of $4.4 million in the prior year.
Adjusted EBITDA was $2.4 million, a notable improvement from $(2.8) million in the third quarter of 2023.
Revenue by Segment
Forward Guidance
Talkspace continues to expect fiscal year 2024 revenue to be in the range of $185 million to $195 million, growth of 23-30%, and adjusted EBITDA to be in the range of $4 million to $8 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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