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Sep 30, 2024
American Well Q3 2024 Earnings Report
Reported financial results for the third quarter of 2024.
Key Takeaways
Amwell reported a total revenue of $61.0 million for Q3 2024. The company is focused on aligning its cost structure and building its growth organization to deliver high quality, higher margin revenue. They are also underway in delivering the successful deployment of the Defense Heath Agency’s Digital First Initiative for the Military Health System.
Total Revenue was $61.0 million.
Subscription revenue was $26.2 million.
Amwell Medical Group visit revenue was $27.5 million.
Gross margin was 37%.
Revenue by Segment
Forward Guidance
The company revised its guidance for revenue and AMG visits, while improving its guidance for 2024 Adjusted EBITDA.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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