Teladoc Q3 revenue grows 112% from last year: 4 things to know

Teladoc released its third quarter earnings results Nov. 1.

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Here are four things to know about the company’s performance.

1. The company posted $68.65 million in revenue for the third quarter, up 112.01 percent from $32.38 million during the same period one year prior.

2. Teladoc reported $59.8 million in revenue from subscription access fees and $8.9 million in revenue from visits during the third quarter.

3. The company’s net loss totaled $31.33 million during the third quarter, 5.24 percent more than the $29.77 million accrued during the third quarter last year.

4. Teladoc officials said they expect the company’s revenue for the fourth quarter to be in the range of $75 million to $77 million. Officials expect its membership to total approximately 22.6 million to 23 million by December 31.

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