Loading...
•
Sep 30, 2023
Teladoc Q3 2023 Earnings Report
Reported an 8% year-over-year revenue increase, reaching $660.2 million, and demonstrated strong operating cash flow of $105.6 million.
Key Takeaways
Teladoc Health's Q3 2023 earnings reflect a solid financial performance with revenue reaching $660.2 million, an 8% increase year-over-year. The company also reported strong operating cash flow and made progress in expanding its virtual care offerings.
Revenue increased by 8% year-over-year to $660.2 million.
Operating cash flow was $105.6 million, with a free cash flow of $68.0 million.
Net loss was $57.1 million, equating to $0.35 per share.
Adjusted EBITDA increased 73% year-over-year to $88.8 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Teladoc Health anticipates revenue between $658 and $683 million and adjusted EBITDA between $107 and $117 million for Q4 2023. For the full year 2023, revenue is expected to range from $2.6 to $2.625 billion with adjusted EBITDA between $320 and $330 million.
Positive Outlook
- Revenue between $658 and $683 million is expected for Q4 2023.
- Adjusted EBITDA is projected to be between $107 and $117 million for Q4 2023.
- Full year 2023 revenue is anticipated to be between $2.6 and $2.625 billion.
- Adjusted EBITDA for the full year 2023 is expected to be between $320 and $330 million.
- U.S. Integrated Care Members are projected to be 89 to 90 million.
Challenges Ahead
- Net loss per share is expected to be between ($0.33) and ($0.23) for Q4 2023.
- Net loss per share for the full year 2023 is expected to be between ($1.50) and ($1.40).
- Uncertainty regarding the timing and variability of reconciling items such as impairments and stock-based compensation.
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
Loading earnings performance data...
Loading earnings reaction data...