Virtual behavioral healthcare provider Talkspace's Q2 revenue misses estimates

Reuters
Aug 05
Virtual behavioral healthcare provider Talkspace's <a href="https://laohu8.com/S/QTWO">Q2</a> revenue misses estimates

Overview

  • Talkspace Q2 revenue grows 18% yr/yr to $54.3 mln, missing estimates

  • Adjusted EBITDA improves to $2.3 mln, but misses analyst expectations

  • Company repurchased $1.4 mln worth of shares in Q2

Outlook

  • Talkspace expects 2025 revenue between $220 mln and $235 mln

  • Company forecasts 2025 adjusted EBITDA between $14 mln and $20 mln

  • Talkspace sees strong visibility for second half of 2025

Result Drivers

  • PAYOR REVENUE GROWTH - 35% year-over-year increase in Payor revenue drove total revenue growth, per CEO Dr. Jon Cohen

  • CONSUMER REVENUE DECLINE - Consumer revenue fell 32% year-over-year, partially offsetting overall revenue growth

  • TECHNOLOGY AND MARKETING INVESTMENTS - Sequential growth in unique active payor members and completed sessions attributed to investments in technology and marketing, according to CEO

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Miss

$54.31 mln

$54.70 mln (6 Analysts)

Q2 Net Income

-$541,000

Q2 Adjusted EBITDA

Miss

$2.28 mln

$3.21 mln (6 Analysts)

Q2 Operating Income

-$1.79 mln

Press Release: ID:nGNX9bl8hX

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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