Teladoc Health's Q2 2022 earnings report showed an 18% increase in revenue year-over-year, reaching $592.4 million. However, the company reported a significant net loss of $3,101.5 million, or $19.22 per share, primarily due to a non-cash goodwill impairment charge of $3.0 billion.
Revenue increased by 18% year-over-year to $592.4 million.
Net loss was $3,101.5 million, or $19.22 per share, impacted by a $3.0 billion non-cash goodwill impairment charge.
Access fees revenue grew 20% to $518.7 million.
U.S. revenue increased 18% to $521.4 million, while international revenue grew 13% to $71.0 million.
Teladoc Health is maintaining its previously issued revenue and adjusted EBITDA outlook for the fiscal year ending December 31, 2022, but expects results to be toward the lower end of those ranges.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance