Teladoc Health, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 04:05 pm EDT
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Teladoc Health, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 660.24 million compared to USD 611.4 million a year ago. Net loss was USD 57.07 million compared to USD 73.48 million a year ago. Basic loss per share from continuing operations was USD 0.35 compared to USD 0.45 a year ago.
For the nine months, sales was USD 1,941.89 million compared to USD 1,769.13 million a year ago. Net loss was USD 191.48 million compared to USD 9,849.46 million a year ago. Basic loss per share from continuing operations was USD 1.17 compared to USD 61.09 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. 
