Q1 2025 Teladoc Health Inc Earnings Call Transcript
Key Points
- Teladoc Health Inc (TDOC) reported revenues and adjusted EBITDA at the higher end of their first-quarter guidance ranges.
- The acquisition of Virtual Mental Health Company UpLift is expected to enhance the BetterHelp segment by providing access to over 100 million covered lives.
- The Integrated Care segment saw a significant milestone with U.S. membership surpassing 100 million, growing by 8.7 million members sequentially.
- International business continues to grow with mid-teens revenue growth on a constant currency basis, showcasing strong performance in both B2B and public health channels.
- Teladoc Health Inc (TDOC) was recognized as one of Newsweek's Most Trustworthy Companies in America for 2025, ranking number one in the healthcare and life sciences industry.
- First-quarter consolidated revenue was down 3% year-over-year, and the net loss per share increased compared to the previous year.
- The BetterHelp segment experienced an 11% decline in revenue compared to the prior year, with adjusted EBITDA margin decreasing from 5.7% to 3.2%.
- The company faces potential headwinds from tariffs, which could impact adjusted EBITDA by $5 million to $10 million in 2025.
- There was a slight uptick in churn rates for BetterHelp, indicating potential challenges in retaining users.
- The acquisition of UpLift is expected to lead to an incremental headwind of approximately $10 million to $15 million to 2025 adjusted EBITDA due to additional operational investments.
Good afternoon. Thank you for attending today's Teladoc Health first-quarter 2025 earnings call. My name is Cole, and I'll be the moderator for today's call. (Operator Instructions)
I'd now like to hand it over to Mike Minchak, Head of Investor Relations, Teladoc Health. Please go ahead.
Thank you, and good afternoon. Today, after the market closed, we issued a press release announcing our first-quarter 2025 financial results. This press release and the accompanying slide presentation are available in the Investor Relations section of the teladochealth.com website. We also issued a press release today announcing the acquisition of Virtual Mental Health Company UpLift, supporting the strategic priorities of our BetterHelp segment. On this call to discuss the first quarter results and this acquisition are Chuck Divita, Chief Executive Officer; and Mala Murthy, Chief Financial Officer.
During this call, we will also discuss our outlook, and our prepared remarks will be
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