BetterHelp grows revenue 19%

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· Teladoc released its Q2 2023 results on July 25, 2023. Press release.

· Teladoc acquired BetterHelp in 2015 for $17.2 million.

· BetterHelp grows its revenues at 19% YoY. Overall, Teladoc only grew its revenue 10% YoY

· In Q2 2023, full year revenue was $564M compared to $474M the previous year

· EBITDA margin was 9.1% at the end of Q2 2023, compared to 10.5% last year

· In March, BetterHelp was required by the FTC to pay a $7.8M settlement after the FTC alleged that the company mishandled customer data

· BetterHelp’s continued growth may signal that customers/patients don’t care about data privacy in practice

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