Teladoc Q3 Revenue Falls 3% to $605.1 Million, Narrows Loss; TDOC Jumps 25%

Teladoc Health (TDOC) reported third-quarter 2026 revenue of $605.1 million, down 3% from $626.4 million a year earlier, as Integrated Care growth was offset by weakness in BetterHelp. Shares were trading at $8.62, up 25.22%. The virtual care company narrowed its net loss to $26.9 million, or $0.15 per share, from $49.5 million, or $0.28 per share, in the prior-year quarter. Adjusted EBITDA rose 14% to $79.4 million from $69.9 million. Integrated Care revenue grew 2% to $398.5 million, with adjusted EBITDA margin improving to 18.8% from 17.0%. BetterHelp revenue fell 13% to $206.6 million as the company prioritizes insurance-covered services. Access fees revenue declined 10% to $466.7 million. For full-year 2026, Teladoc expects revenue of $2.395 billion to $2.441 billion and adjusted EBITDA of $277 million to $303 million. Fourth-quarter revenue is projected at $569 million to $615 million. Free cash flow rose to $75.9 million from $67.9 million.