<span item_type="fundamental" item_id="1db0a70ebade7de8f1a2a6faaa25409a" counter_id="ST/US/TDOC" env="prod"></span><span item_type="announcement" item_id="643053493627982849" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 613.85 M, beating the estimate of USD 610.72 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.36, missing the estimate of USD -0.341.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -62.89 M.</p><p></p><h4>First Quarter 2026 Financial Highlights</h4><p>Teladoc Health, Inc. reported a net loss of -$63.8 million for the first quarter of 2026, or -$0.36 per share. Adjusted EBITDA for the quarter was $58.2 million, which remained essentially flat year-over-year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>.</p><h4>Segment Performance</h4><h5>Integrated Care Segment</h5><p>Adjusted EBITDA for the Integrated Care segment was $56.277 million, marking a 12% increase from $50.379 million in the first quarter of 2025. The Adjusted EBITDA margin for Integrated Care stood at 14.2% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>.</p><h5>BetterHelp Segment</h5><p>Adjusted EBITDA for the BetterHelp segment was $1.892 million, representing a 75% decrease from $7.714 million in the first quarter of 2025. The Adjusted EBITDA margin for BetterHelp was 0.9% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>. Within BetterHelp, Consumer and Other revenue was $205.463 million, a 14% decrease from $239.901 million in Q1 2025, while Insurance Covered Services generated $12.937 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>.</p><h4>Revenue by Type and Geography</h4><p>Access Fees revenue decreased by 8% year-over-year to $484.655 million from $525.736 million. Other revenue increased by 25% to $129.190 million from $103.633 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>. U.S. revenue decreased by 6% to $491.505 million from $524.970 million, while International revenue increased by 17% to $122.340 million from $104.399 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>.</p><h4>Operational Costs (First Quarter 2026 vs. First Quarter 2025)</h4><p>Total costs and expenses were $675.613 million, down from $749.980 million. Cost of revenue was $197.526 million, a slight increase from $196.829 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>. Advertising and marketing expenses decreased to $151.527 million from $168.185 million, and technology and development costs decreased to $67.865 million from $69.958 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>. General and administrative expenses also decreased to $102.093 million from $112.774 million, while sales expenses increased to $51.276 million from $48.693 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>. Restructuring costs increased to $11.975 million from $4.347 million, and amortization of intangible assets was $89.826 million, up from $84.304 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>. Goodwill impairment was $0 in Q1 2026, compared to $59.138 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>. Loss from operations improved to -$61.768 million from -$120.611 million in the prior year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>.</p><h4>Cash Flow</h4><p>Cash flow from operations was $9.5 million in the first quarter of 2026, down from $15.9 million in the first quarter of 2025. Capital expenditures and capitalized software development costs (Capex) totaled $35.8 million, compared to $31.6 million in the prior year period <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>. Free cash flow was an outflow of -$26.3 million, compared to an outflow of -$15.7 million in the first quarter of 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>.</p><h4>Other Operational Metrics</h4><p>Total Visits were 4.4 million, a 2% decrease year-over-year. U.S. Integrated Care Members stood at 101.2 million, a 1% decrease from 102.5 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>. Chronic Care Program Enrollment increased by 4% to 1.197 million from 1.151 million, and Average Monthly Revenue Per U.S. Integrated Care Member was $1.30, a 2% increase from $1.27 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>. BetterHelp Paying Users averaged 0.361 million, a 9% decrease from 0.397 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>.</p><h4>Financial Outlook</h4><p>Teladoc Health, Inc. reaffirmed the midpoint of its full-year 2026 financial outlook, projecting revenue between $2,481 million and $2,576 million, Adjusted EBITDA between $267 million and $306 million, and Free Cash Flow between $130 million and $170 million. The company anticipates a full-year net loss per share between -$1.05 and -$0.75, with U.S. Integrated Care Members expected to range from 97 million to 100 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>. For the second quarter of 2026, Teladoc Health, Inc. projects revenue between $597 million and $626 million, Adjusted EBITDA between $55 million and $67 million, and net loss per share between -$0.30 and -$0.20 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1477449/000147744926000026/tdoc-20260331xexx991.htm"></span>.</p>

Teladoc | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 613.85 M