Teladoc Reports Another Quarter of High Revenue Growth With A Net Loss

Teladoc Inc. reported its second quarter earnings on Wednesday, showing revenue of $94.6 million during the three months that ended June 30.

For the year, Teladoc has brought in $184.2 million, up from $87.5 million at this point last year. The growth is a combination of recent acquisitions—as noted in my story here—and organic growth, which came in at 39 percent for the second quarter. It continues to operate at a loss, taking a $25.2 million hit during Q2—compared to a net loss of $15.4 million during the same period last year.

Another thing of note in those earnings: Teladoc brought in $25.4 million in international, subscription-based revenue, a sign of the company’s expansion outside the U.S. It had no international revenue last year.

One more thing: Teladoc, as of yesterday, is now Teladoc Health. It’s a change the company says will “better reflect its broad portfolio of services and mission to transform how people access healthcare around the world.”

Teladoc was founded in Lewisville and has a large presence there, although the company’s top executives now sit in Purchase, New York.


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