Teladoc Health, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 20, 2024 at 04:05 pm EST
Share
Teladoc Health, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 660.53 million compared to USD 637.71 million a year ago. Net loss was USD 28.89 million compared to USD 3,810.07 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to USD 23.49 a year ago.
For the full year, sales was USD 2,602.42 million compared to USD 2,406.84 million a year ago. Net loss was USD 220.37 million compared to USD 13,659.53 million a year ago. Basic loss per share from continuing operations was USD 1.34 compared to USD 84.6 a year ago.
Teladoc Health, Inc. provides virtual healthcare services. The Company operates through two segments: Teladoc Health Integrated Care (Integrated Care) and BetterHelp. The Integrated Care segment includes a suite of global virtual medical services including general medical, expert medical services, specialty medical, chronic condition management, mental health, and enabling technologies and enterprise telehealth solutions for hospitals and health systems. Services in this segment are distributed primarily on a business-to-business (B2B) basis. The BetterHelp segment primarily consists of its direct-to-consumer (D2C) mental health platform. The online counseling and therapy services are provided via its network of over 40,000 licensed clinicians leveraging its platform for Web, mobile app, phone, and text-based interactions. Its Teladoc Health family of brands, including Teladoc and BetterHelp, deliver access to advice and resolution for an array of healthcare needs.
TELADOC HEALTH, INC. 
