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Jun 30, 2022
American Well Q2 2022 Earnings Report
Announced results with revenue increase driven by subscription and AMG visit growth.
Key Takeaways
Amwell reported a 7% increase in total revenue for Q2 2022, reaching $64.5 million compared to $60.2 million in Q2 2021. The company saw growth in both subscription revenue and AMG visit revenue. They are reiterating their 2022 outlook with revenue expected between $275 and $285 million.
Total revenue reached $64.5 million, a 7% increase year-over-year.
Subscription revenue grew by 10% to $29.6 million.
AMG Visit revenue increased by 8% to $29.7 million.
Total visits grew 19% to 1.5 million compared to the second quarter of 2021
Revenue by Segment
Forward Guidance
The Company is reiterating the following outlook for 2022 and expects:
Positive Outlook
- Revenue between $275 and $285 million
- AMG visits between 1.4 and 1.5 million
Challenges Ahead
- Adjusted EBITDA between ($200) million and ($190) million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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