GoHealth Reports Strong Fourth Quarter and Fiscal Year 2024 Results, Driven by a Successful Annual Enrollment Period

Core Insights - GoHealth, Inc. reported strong financial results for the year 2024, highlighting a technology-driven approach in the digital Medicare marketplace, with significant improvements in efficiency and profitability [4][5][22] - The company achieved a substantial increase in net revenues and adjusted EBITDA, indicating effective execution of its strategic initiatives [5][22] Fourth Quarter Highlights - Net revenues for Q4 2024 reached $389.1 million, a 41$58.0 million, an improvement of $60.3 million compared to the prior year [5][24] - Adjusted EBITDA surged to$117.8 million, a significant 107% increase year-over-year [5][24] Full-Year 2024 Highlights - Full-year net revenues reached $798.9 million, reflecting a 9$7.3 million for the year, an improvement of $144.0 million compared to 2023 [5][22] - Adjusted EBITDA for the full year was$120.3 million, a 60% increase compared to the prior year [5][22] Operational Efficiency - Direct Operating Cost per Submission improved by 27% to $501, positioning GoHealth as an industry leader in this metric [5][31] - The integration of e-TeleQuote has driven growth and efficiency gains, enhancing performance during the 2024 Annual Enrollment Period [5][22] Strategic Initiatives - The company successfully refinanced its credit facility with a new five-year term, strengthening its financial position [5][22] - GoHealth supported nearly 3 million Medicare consumers in assessing benefit options in 2024, reinforcing its market presence [5][22] - Continued investment in artificial intelligence and advanced analytics is expected to enhance consumer experience and operational excellence [4][5]