NEW YORK - Teladoc Health, Inc. (NYSE:TDOC) reported better-than-expected third quarter revenue, sending its shares up 11% in after-hours trading. The telehealth provider's revenue beat and narrower-than-anticipated loss per share drove the positive market reaction.
Teladoc posted Q3 revenue of $640.5 million, down 3% YoY but surpassing the analyst consensus of $631.18 million. The company reported an adjusted loss per share of -$0.19, beating estimates for a -$0.27 loss.
The Integrated Care segment saw 2% YoY revenue growth to $383.7 million, with an improved adjusted EBITDA margin of 17.7%. However, the BetterHelp segment experienced a 10% YoY revenue decline to $256.8 million, with a 5.9% adjusted EBITDA margin.
"I am pleased with our third quarter results, which demonstrate our commitment to consistent execution, and I remain excited about our potential," said Chuck Divita, Teladoc's CEO. He added that 2025 will be "an important repositioning year" as the company focuses on "delivering consistent performance and driving long term shareholder value."
Analysts noted the outperformance in Integrated Care offset weakness in BetterHelp. However, they cautioned that 2025 is expected to be a transition year with potential pressure on revenues and user growth.
Teladoc's total Q3 adjusted EBITDA was $83.3 million, down 6% YoY. The company reported a net loss of $33.3 million for the quarter.
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