Core Insights - Teladoc Health reported a consolidated revenue of $629.4 million for Q1 2025, a decrease of 3% compared to $646.1 million in Q1 2024 [5][6] - The company experienced a net loss of $93.0 million, or $0.53 per share, which is an increase in loss compared to $81.9 million, or $0.49 per share, in the previous year [7][26] - Adjusted EBITDA for Q1 2025 was $58.1 million, down 8% from $63.1 million in Q1 2024 [11][47] Financial Performance - Revenue breakdown: Access fees revenue decreased by 6% to $525.7 million, while other revenue grew by 16% to $103.6 million [6][28] - U.S. revenue decreased by 4% to $525.0 million, while international revenue increased by 6% to $104.4 million [6][28] - Integrated Care segment revenue increased by 3% to $389.5 million, while BetterHelp segment revenue decreased by 11% to $239.9 million [6][32] Loss and Expenses - The net loss included a non-cash goodwill impairment charge of $59.1 million, which contributed significantly to the overall loss [7][9] - Total costs and expenses for Q1 2025 were $749.98 million, compared to $733.25 million in Q1 2024 [26] - Stock-based compensation expense decreased to $25.2 million from $42.3 million in the previous year [27] Cash Flow and Capital Expenditures - Cash flow from operations was $15.9 million, an increase from $8.9 million in Q1 2024 [12] - Capital expenditures were $31.6 million, down from $35.5 million in the previous year [12] Strategic Developments - Teladoc announced the acquisition of UpLift Health Technologies for $30 million, aimed at enhancing its BetterHelp segment [13] - The acquisition is expected to expand access to virtual mental health services for consumers [13] Future Outlook - For the full year 2025, the company expects revenue between $2.468 billion and $2.576 billion, with adjusted EBITDA projected between $263 million and $304 million [16] - The second quarter 2025 outlook includes expected revenue of $614 million to $633 million and adjusted EBITDA of $56 million to $70 million [18]

Core Viewpoint - Teladoc Health has acquired UpLift for $30 million in cash, with potential additional earnouts, to enhance its position in virtual mental health services [6]. Group 1: Acquisition Details - The acquisition of UpLift is aimed at strengthening Teladoc's leadership in virtual mental health, allowing BetterHelp users to access mental health service benefits [2][3]. - UpLift has coverage arrangements for over 100 million lives and a network of more than 1,500 mental health professionals [2]. - The transaction closed on April 30, 2025, and UpLift's 2024 revenue was approximately $15 million [6]. Group 2: Strategic Implications - BetterHelp, as the largest consumer-oriented virtual therapy business, will utilize its differentiated experience to enhance insurance coverage access for consumers through UpLift [3]. - The partnership is expected to drive topline revenue growth and expand the impact of mental health services [4]. - UpLift will continue to operate under its existing CEO, maintaining its responsibilities in provider network management and insurance administration [5]. Group 3: Company Overview - Teladoc Health is a leader in virtual care, leveraging over two decades of expertise to improve health outcomes across various stages of a person's health journey [7].