The chart below shows how TDOC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TDOC sees a +2.72% change in stock price 10 days leading up to the earnings, and a -8.08% change 10 days following the report. On the earnings day itself, the stock moves by -0.32%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Quarterly Revenue Decline: Third quarter consolidated revenue of $641 million decreased 3% year-over-year.
Adjusted EBITDA Decline: Third quarter adjusted EBITDA was $83.3 million, down 6% year-over-year, and represented a margin of 13%.
Free Cash Flow Increase: Third quarter free cash flow was $79 million, up approximately 16% on a year-over-year basis.
Cash Reserves Status: We ended the quarter with over $1.2 billion in cash and cash equivalents on the balance sheet.
Integrated Care Revenue Increase: Integrated Care segment revenue of $384 million increased 2.5% over the prior year period, and was above the top end of our guidance range.
Negative
Quarterly Revenue Decline: Third quarter consolidated revenue of $641 million decreased 3% year-over-year.
Q3 Adjusted EBITDA Decline: Third quarter adjusted EBITDA was $83.3 million, down 6% year-over-year, and represented a margin of 13%.
Net Loss Per Share Comparison: Consolidated net loss per share in the third quarter was $0.19, compared to a net loss per share of $0.35 in the third quarter of 2023.
Net Loss Breakdown: Net loss per share in the third quarter included a amortization of acquired intangibles of $0.30 per share pre-tax, and stock-based compensation expense of $0.20 per share pre-tax.
Third Quarter Revenue Decline: Third quarter BetterHelp revenue of $257 million was down 10% versus the prior year and consistent with the baseline we had previously communicated.
Teladoc Health, Inc. (TDOC) Q3 2024 Earnings Call Transcript
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