Teladoc Health, Inc. · NYSE:TDOC
Teladoc Health — Q3 2026 Earnings Presentation
14 slides from Teladoc Health's earnings presentation, Oct 28, 2026
Slide 1: 3Q-26 Quarterly Results
HEALTH Teladoc SS OG 3Q-26 Quarterly Results
Slide 2: Cautionary Note
Cautionary Note • This presentation contains, and the officers of Teladoc Health, Inc. (the “Company” or “Teladoc Health”) may make, “forward-looking” statements that are based on management’s beliefs and assumptions and on information currently available to management. These forward-looking stateme
Slide 3: Key Financial Data
Key Financial Data 3Q-26 Adj. 3Q-26 Revenue of 3Q-26 Net loss per EBITDA(2) of $605M, (3)% y/y share of $(0.15)(1) $79.4M, 14% y/y FY-26 Revenue outlook range FY-26 Net loss per share FY-26 Adj. EBITDA outlook of $2,395M to $2,441M outlook range of range of $277M to $303M $(0.95) to $(0.75) • 4Q-26
Slide 4: 3Q-26 Consolidated Revenue & Adj. EBITDA
3Q-26 Consolidated Revenue & Adj. EBITDA Revenue ($ millions) Adj. EBITDA ($ millions)(1) (1) See reconciliation of GAAP to non-GAAP measures included in the Appendix of this presentation. © Teladoc Health, Inc. All rights reserved. 4
Slide 5: Quarterly Segment Results
Quarterly Segment(1) Results Integrated Care Segment Revenue ($ millions) BetterHelp Segment Revenue ($ millions) Integrated Care Segment Adjusted EBITDA ($ millions) BetterHelp Segment Adjusted EBITDA ($ millions) (1) The Company has two reportable segments: Integrated Care and BetterHelp. The Inte
Slide 6: 3Q-26 Revenue: U.S. & International
3Q-26 Revenue: U.S. & International U.S. Revenue ($ millions) International Revenue ($ millions) © Teladoc Health, Inc. All rights reserved. 6
Slide 7: Quarterly Key Operating Metrics
Quarterly Key Operating Metrics U.S. Integrated Care Members(1) (millions) BetterHelp Paying Users(2) (thousands) Average Monthly Revenue per Chronic Care Program Enrollment(4) (thousands) U.S. Integrated Care Member(3) 1. U.S. Integrated Care Members represent the number of unique individuals at th
Slide 8: Quarterly Adjusted EBITDA & Adjusted EBITDA Margin
Quarterly Adjusted EBITDA & Adjusted EBITDA Margin Adj. EBITDA(1) ($ millions) & Adj. EBITDA Margin (1) See reconciliation of GAAP to non-GAAP measures included in the Appendix of this presentation. © Teladoc Health, Inc. All rights reserved. 8
Slide 9: Balance Sheet and Cash Flow Highlights
Balance Sheet and Cash Flow Highlights • Cash and Cash Equivalents (as of September 30, 2026): $850M • Convertible Senior Notes (as of September 30, 2026): $998M • Operating Cash Flow (3Q-26): $106M • Free Cash Flow (1) (3Q-26): $76M (1) See reconciliation of GAAP to non-GAAP measures included in th
Slide 10: Outlook: 4Q-26 and FY-26
Outlook: 4Q-26 and FY-26 4Q-26 Y/Y % Growth FY-26 Y/Y % Growth Revenue ($M) $569 to $615 (11)% to (4)% $2,395 to $2,441 (5)% to (4)% Net loss per share $(0.23) to $(0.03) NM $(0.95) to $(0.75) NM Adj. EBITDA ($M) $74 to $100 (12)% to 19% $277 to $303 (2)% to 8% US Integrated Care 99.5 to 100.5 (2)%
Slide 11: Appendix
Appendix Teladoc HEALTH
Slide 12: Reconciliation of GAAP Net Loss to Adjusted EBITDA
Reconciliation of GAAP Net Loss to Adjusted EBITDA 3Q-25 4Q-25 1Q-26 2Q-26 3Q-26 Net loss $(49,507) $(25,143) $(63,837) $(38,908) $(26,934) Add: Provision for income taxes (715) (8,475) 2,995 997 655 Other expense (income), net 815 (378) 196 2,191 285 Interest expense 4,526 4,950 5,368 5,109 4,935 I
Slide 13: Reconciliation of GAAP Net Cash Provided by Operating Activities to Free Cash Flow
Reconciliation of GAAP Net Cash Provided by Operating Activities to Free Cash Flow 3Q-26 Net cash provided by operating activities $106,458 Capital expenditures (1,214) Capitalized software development costs (29,308) Capex (30,522) Free Cash Flow $75,936 (in 000s) © Teladoc Health, Inc. All rights r
Slide 14: Teladoc Health
Teladoc HEALTH