NYSE$TDOC

Teladoc Health Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Teladoc Health's second quarter results for 2021 showed significant revenue growth and strategic advancements.

Teladoc Health reported a strong second quarter with revenue growing 109% year-over-year to $503 million. The company also raised its full-year revenue guidance to $2.000 million to $2.025 million. Total visits increased by 28% compared to the same quarter last year, reaching 3.5 million.

  • Revenue increased by 109% year-over-year, reaching $503 million.
  • Full-year revenue guidance was raised to $2.000 million to $2.025 million.
  • Total visits for the quarter topped 3.5 million, a 28% increase year-over-year.
  • A significant new agreement was established with HCSC to provide chronic care solutions.

Headline financials

Total Revenue

$503M

Previous: $241M+108.7%
EPS (adj)

-$0.86

Previous: -$0.34-152.9%
Total Visits

3.5M

Previous: 2.8M+27.5%
U.S. Integrated Care Members

52.0M

No prior period
Capital Expenditures

-$4.41M

Previous: -$1.64M-168.4%
Free Cash Flow

-$138M

Previous: -$27.3M-405.9%
Net Income

-$134M

Previous: -$25.7M-421.1%
Operating Income

-$78.9M

Previous: -$7.18M-999.7%
Gross Profit

$343M

Previous: $150M+128.2%
Cash & Equivalents

$784M

Previous: $1.31B-40.1%
Total Assets

$17.6B

Previous: $2.42B+628.1%
Stock-Based Comp

$83M

No prior period

Revenue & EPS history

Teladoc · Revenue · Quarterly

$503M

Q2 2021+108.7%vs Q2 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Teladoc · $660M total across 2 segments · Q3 2023

  • Integrated Care
    $374M
  • BetterHelp
    $286M

Forward guidance

Teladoc Health provides revenue guidance for Q3 2021 to be in the range of $510 million to $520 million. The company expects total visits to be between 3.4 million and 3.6 million. For the full year 2021, Teladoc Health expects revenue in the range of $2,000 million to $2,025 million and total visits between 13.5 million and 14.0 million.

Tailwinds

  • Total revenue to be in the range of $510 million to $520 million for Q3 2021.
  • Adjusted EBITDA to be in the range of $60 million to $65 million for Q3 2021.
  • Total U.S. paid membership to be in the range of 52 million to 53 million members for Q3 2021.
  • Total visits to be between 3.4 million and 3.6 million for Q3 2021.
  • Total revenue to be in the range of $2,000 million to $2,025 million for full year 2021.

Headwinds

  • EBITDA to be in the range of $(31) million to $(26) million for Q3 2021.
  • Net loss per share to be between $(0.78) and $(0.68) for Q3 2021.
  • EBITDA to be in the range of $(120) million to $(100) million for full year 2021.
  • Net loss per share to be between $(3.60) and $(3.35) for full year 2021.
  • Uncertainty of the expected path of the COVID-19 pandemic as well as the broader economic impact.

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 Q2 2021

Historical avgQ2 2021

-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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