NYSE$TDOC

Teladoc Health Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Teladoc Health reported strong first-quarter results with revenue growth and progress in key operating metrics.

Teladoc Health's first quarter 2023 showed an 11% increase in revenue year-over-year, reaching $629.2 million. The company's net loss was $69.2 million, or $0.42 per share. The company saw growth in both U.S. and International revenues, as well as in the Integrated Care and BetterHelp segments.

  • Revenue increased by 11% year-over-year to $629.2 million.
  • Net loss was $69.2 million, or $0.42 per share.
  • U.S. revenues grew by 10% to $541.7 million, and International revenues grew by 18% to $87.6 million.
  • The BetterHelp segment revenue increased by 21% to $279.3 million.

Headline financials

Total Revenue

$629M

Previous: $565M+11.3%
EPS (adj)

-$0.42

Previous: -$0.47+10.6%
Total Visits

4.9M

No prior period
U.S. Integrated Care Members

84.9M

No prior period
BetterHelp Paying Users

467.0K

No prior period
Capital Expenditures

-$2.36M

Previous: -$3.91M+39.6%
Free Cash Flow

-$71.6M

Previous: -$6.68B+98.9%
Net Income

-$69.2M

Previous: -$6.67B+99.0%
Operating Income

-$77.1M

Previous: -$6.67B+98.8%
Gross Profit

$439M

Previous: $378M+16.1%
Cash & Equivalents

$889M

Previous: $836M+6.2%
Total Assets

$4.31B

Previous: $11.1B-61.2%
Stock-Based Comp

$46M

Previous: $60.4M-23.8%

Revenue & EPS history

Teladoc · Revenue · Quarterly

$629M

Q1 2023+11.3%vs Q1 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Teladoc · $629M total across 2 segments · Q1 2023

  • Integrated Care
    $350M
  • BetterHelp
    $279M

Forward guidance

For the second quarter of 2023, Teladoc Health expects revenue between $635 and $660 million and adjusted EBITDA between $60 and $68 million. Net loss per share is expected to be between ($0.55) and ($0.45), with U.S. Integrated Care Members between 84.5 and 85.5 million. For the full year 2023, revenue is projected to be between $2,575 and $2,675 million, and adjusted EBITDA between $285 and $325 million. Net loss per share for the year is expected to be between ($1.70) and ($1.25), with U.S. Integrated Care Members between 84 and 86 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-1.2%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-1.6%

Avg return

30 days after

49%

21 / 43 earnings

Positive

+23.7%

Q2 2023

Best reaction

-42.0%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.8%+11.9%+27.9%
Q4 2025+15.5%+9.7%+10.5%
Q3 2025+6.2%-3.0%-7.8%
Q1 2025-2.8%-5.7%-3.8%
Q4 2024-13.6%-16.3%-26.4%
Q3 2024+0.9%-0.6%+34.3%
Q2 2024-11.7%-21.9%-26.3%
Q1 2024-5.2%-7.1%-16.4%
Q4 2023-25.6%-31.1%-27.3%
Q3 2023-3.3%-13.5%-5.3%
Q2 2023+23.7%+20.9%-6.1%
Q1 2023+3.4%+2.2%-14.4%
Q4 2022-3.9%-5.4%-12.2%
Q3 2022+6.4%+10.8%+3.2%
Q2 2022-11.4%-8.4%-20.1%
Q1 2022-42.0%-35.7%-38.1%
Q4 2021-5.4%+8.8%+6.8%
Q3 2021+5.6%+7.2%-22.4%
Q2 2021+1.4%-0.9%-5.5%
Q1 2021-10.1%-14.1%-20.7%
Q4 2020-14.2%-12.7%-30.9%
Q3 2020-2.3%-14.6%-11.9%
Q2 2020+11.5%+11.5%-1.9%
Q1 2020-9.1%-3.8%-3.9%
Q4 2019+14.1%+5.1%+38.6%
Q3 2019+7.1%+12.3%+17.1%
Q2 2019+1.9%-6.5%-17.5%
Q1 2019-2.0%+2.9%-1.8%
Q4 2018-4.5%-6.3%-17.5%
Q3 2018+4.6%-8.6%-9.9%
Q2 2018+9.0%+10.3%+29.6%
Q1 2018+5.7%-1.9%+18.4%
Q4 2017+4.0%+8.8%+4.5%
Q3 2017-3.0%-5.4%+8.0%
Q2 2017-7.1%-2.6%+5.5%
Q1 2017+23.3%+26.9%+46.3%
Q4 2016+6.8%-4.8%+13.4%
Q3 2016+6.2%+8.6%+19.4%
Q2 2016-16.1%-9.0%+2.9%
Q1 2016-1.5%
Q4 2015-7.3%
Q3 2015-10.6%
Q2 2015+3.6%
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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