New York-based virtual care company Teladoc Health saw its stock price drop on Tuesday from $9.44 per share to $8.10 after reporting a 2% decrease in revenue in the second quarter of 2024, at $642.4 million, down from $652.4 million in the same period last year.
Revenue from the company's BetterHelp segment was reported to be $265 million in the second quarter, down 9% from Q2 2023.
However,...
Teladoc ended 2015 with $77.4 million in revenue, up 78 percent year-over-year from $43.5 million in 2014, the company’s CEO Jason Gorevic said on Teladoc’s year end earnings call. Revenue came from two sources: subscription access fees brought in $63.3 million and visit fees brought in $14.1 million.
Last year, Teledoc facilitated about 576,000 telehealth visits, up from 299,000 in 2014. And the...
