Teladoc posts Q3 beat, raises outlook and highlights BetterHelp insurance growth
Teladoc Health reported third‑quarter 2026 revenue of $605.1 million, a 3% year‑over‑year decline but above analyst forecasts. Adjusted EBITDA rose 14% to $79.4 million and net loss narrowed to $0.15 per share. BetterHelp’s insurance‑covered services generated $32.1 million, offsetting part of the cash‑pay decline, and the company lifted its full‑year revenue and EBITDA guidance. Management also completed the acquisition of Teledoc Health to expand hybrid‑care capabilities.
Why it matters
Stifel raised its price target to $6.50, citing the cost cuts and margin improvement reflected in the higher EBITDA margin (13.1%). The upgraded outlook and stronger insurance revenue may support a higher valuation for the stock.
Key facts
- 1Consolidated revenue was $605.1 million, down 3% year‑over‑year. finance.yahoo.com
- 2Adjusted EBITDA increased to $79.4 million, a 14% rise from the prior quarter. 247wallst.com
- 3Net loss per share was $0.15, better than the consensus loss of $0.21. 247wallst.com
- 4BetterHelp insurance‑covered services revenue reached $32.1 million. 247wallst.com
- 5Integrated Care segment revenue was $398.5 million, up 2%. 247wallst.com
- 6EBITDA margin for the quarter was 13.1%. investing.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.