Summary by Moomoo AI
Teladoc Health reported a 3% increase in revenue to $646.1 million for the first quarter ended March 31, 2024, compared to $629.2 million in the same period last year. The company's total consolidated Adjusted EBITDA rose to $63.1 million, up from $52.8 million, marking a 20% increase. However, Teladoc Health experienced a net loss of $81.9 million, which is an 18% increase from the previous year's net loss of $69.2 million. The company's Integrated Care segment saw an 8% revenue increase to $377.1 million, with Adjusted EBITDA for the segment growing by 36% to $47.7 million. Conversely, the BetterHelp segment witnessed a 4% decline in revenue to $269 million and a 12% decrease in Adjusted EBITDA to $15.5 million. Teladoc Health's cash and cash equivalents stood at $1.1 billion as of March 31, 2024. The company anticipates recognizing...Show More