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Mar 31, 2024
Hims & Hers Q1 2024 Earnings Report
Reported revenue increased by 46% year-over-year, net income was $11.1 million, and subscribers grew to 1.7 million.
Key Takeaways
Hims & Hers Health, Inc. reported strong first quarter 2024 financial results with revenue of $278.2 million, a 46% increase year-over-year. The company achieved a net income of $11.1 million and subscriber growth to 1.7 million. They also raised full year 2024 guidance to a range of $1.20 billion to $1.23 billion.
Revenue reached $278.2 million, up 46% year-over-year.
Net income was $11.1 million, a significant improvement from the previous year's net loss.
Subscribers increased to 1.7 million, a 41% year-over-year growth.
Adjusted EBITDA was $32.3 million, compared to $6.1 million in the first quarter of 2023.
Revenue by Segment
Forward Guidance
Hims & Hers provided revenue and Adjusted EBITDA guidance for Q2 2024 and full year 2024.
Positive Outlook
- Revenue of $292 million to $297 million is expected for the second quarter 2024.
- Adjusted EBITDA of $30 million to $35 million is expected for the second quarter 2024.
- Adjusted EBITDA margin of 10% to 12% is expected for the second quarter 2024.
- Revenue of $1.20 billion to $1.23 billion is expected for the full year 2024.
- Adjusted EBITDA of $120 million to $135 million is expected for the full year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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