Teladoc posts $418M in 2018 revenue, up 79% — 7 things to know

Teladoc Health published its financial results for the fourth quarter and full year ending Dec. 31, 2018, with all signs pointing upward, including revenue, visits and subscriptions.

"As virtual care becomes mainstream, we are uniquely positioned across all of our channels as the only global comprehensive virtual healthcare solution," said CEO Jason Gorevic. "We continue to extend our leadership position by delivering the highest quality care, successfully engaging customers, broadening our scope of services and expanding our global geographic reach."

Seven things to know:

1. In the fourth quarter, Teladoc registered $78.34 million in U.S. subscription revenue, up 41 percent form the same quarter in 2017. Combining with international subscription revenue, Teladoc generated $102.7 million, up 57 percent year over year.

2. Teladoc's full year U.S. subscription revenue was $227.09 million, a 55 percent increase compared to 2017. Total subscription revenue for the year topped $350.78 million, reflecting a 78 percent uptick year over year.

3. The company's visit fee revenue also saw an increase in the fourth quarter to $20.04 million, a 70 percent increase year over year. Similarly, Teladoc's full year visit fee revenue jumped to $67.12 million, an 88 percent increase. In total, Teladoc’s full year revenue was $417.91 million, a 79 percent increase year over year.

4. Teladoc reported a 16 percent increase in U.S. paid memberships to 22.8 million. Organic full year and fourth-quarter paid memberships was 21.8 million. The number was adjusted for 3.6 million Aetna visit fee-only lives.

5. Total visits for the company were up 80 percent for the year at 2.64 million. For the fourth quarter, Teladoc's total visits were also up 86 percent at 861,000.

6. For the first quarter of 2019, Teladoc expects total revenue to range between $126 million and $129 million. The company anticipates total visits to sit between 950,000 and 1.05 million, and U.S. paid memberships to range between 26 million and 26.5 million.

7. By the end of 2019, Teladoc predicts total revenue will range between $535 million and $545 million. The company expects to register between 3.6 million and 3.9 million total visits. Total U.S. paid memberships are expected to range between 27 million and 29 million.

To read to complete financial report, click here.

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