Teladoc Health Inc. (NYSE:TDOC) shares are trading higher Thursday after the company reported better-than-expected third-quarter financial results Wednesday after the market closed and raised its 2026 GAAP earnings per share guidance.
- Teladoc stock is surging to new heights today. Why is TDOC stock surging?
Teladoc Beats on Earnings per Share and Revenue as the Net Loss Narrows
Teladoc reported a third-quarter loss of 15 cents per share, narrower than the consensus estimate of a loss of 21 cents. It reported revenue of $605.102 million, down 3% from a year earlier, beating the consensus estimate of $588.477 million. Net loss narrowed to $26.9 million from $49.5 million a year earlier. Adjusted EBITDA rose 14% to $79.4 million.
“We delivered third quarter results near the upper end of our guidance range for consolidated revenue and above our range for consolidated adjusted EBITDA, reflecting solid execution across our two segments,” said Chuck Divita, Teladoc’s CEO.
Integrated Care Grows 2%, While BetterHelp Revenue Falls 13% Even as Insurance Revenue Gains
Integrated Care segment revenue rose 2% to $398.5 million, with an adjusted EBITDA margin of 18.8%. BetterHelp segment revenue fell 13% to $206.6 million, with an adjusted EBITDA margin of 2.2%. BetterHelp’s decline reflects the company’s shift toward insurance-covered services and a continuing drop in users paying out of pocket. BetterHelp’s insurance revenue was $32 million, above management’s expectation, and up $10 million from the second quarter, according to the earnings call.
Teladoc Raises 2026 GAAP EPS Guidance and Narrows Revenue Range
Teladoc raised its 2026 GAAP earnings per share guidance to a loss of 95 cents to 75 cents from a loss of $1.00 to 75 cents, versus the consensus estimate of a loss of 89 cents. It narrowed its 2026 revenue guidance to $2.395 billion to $2.441 billion from $2.362 billion to $2.447 billion, versus the consensus estimate of $2.406 billion. For the fourth quarter, Teladoc expects a GAAP loss of 23 cents to 3 cents per share, versus the consensus estimate of a loss of 11 cents, and revenue of $569 million to $615 million, versus the consensus estimate of $597.389 million.
Teladoc Shares Surge
TDOC Price Action: At the time of publication, Teladoc shares are trading 14.53% higher at $7.88, according to data from Benzinga Pro.
Image: Courtesy of Teladoc
