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Jun 30, 2024
Teladoc Q2 2024 Earnings Report
Teladoc Health's Q2 2024 results were impacted by BetterHelp headwinds, while Integrated Care showed solid performance.
Key Takeaways
Teladoc Health reported a 2% year-over-year decrease in revenue to $642.4 million for Q2 2024. The company experienced a net loss of $837.7 million, which includes a goodwill impairment charge of $790.0 million. While the Integrated Care segment performed well, the BetterHelp segment faced continued headwinds.
Revenue decreased by 2% year-over-year to $642.4 million.
Net loss totaled $837.7 million, including a $790.0 million goodwill impairment charge.
Adjusted EBITDA increased by 24% year-over-year to $89.5 million.
Integrated Care revenue increased by 5% year-over-year, while BetterHelp revenue decreased by 9%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Teladoc Health is withdrawing the financial outlook for the Full Year of 2024 for its Consolidated operations and its BetterHelp segment. For the third quarter of 2024, we expect Integrated Care Revenue growth percentage (year-over-year) 1% - 2% and Adjusted EBITDA margin 14.5% - 16.0%.
Positive Outlook
- Integrated Care segment revenue growth is expected to be 1%-2% year-over-year for Q3 2024.
- Integrated Care segment Adjusted EBITDA margin is expected to be 14.5%-16.0% for Q3 2024.
- Integrated care members are expected to be between 92.5 - 93.5 million for Q3 2024.
- Integrated Care segment revenue growth is expected to be low single digits to mid-single digits for full year 2024.
- Integrated Care adjusted EBITDA margin expansion (year-over-year) +150bps to +200bps for full year 2024
Challenges Ahead
- Financial outlook for the Full Year of 2024 for its Consolidated operations has been withdrawn.
- Financial outlook for the BetterHelp segment has been withdrawn.
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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