Teladoc guides to softer 2021, suggesting easing of pandemic

Teladoc guides to softer 2021, suggesting easing of pandemic boom


Dive Brief:
Teladoc beat Wall Street fourth-quarter expectations for earnings and revenue, though the virtual care powerhouse issued a softer outlook for 2021 suggesting COVID-19 tailwinds spurring historic telehealth use last year could slow in 2021.
Shares were down 7% in morning trading Thursday. The Purchase, New York-based vendor's guidance could reflect management conservatism or the increasingly saturated virtual care market, analysts said.
Teladoc expects to bring in between $1.95 billion and $2 billion in revenue this year, representing roughly 80% year-over-year growth at the midpoint, notably lower than the 98% year-over-year 2020 growth. Similarly, Teladoc expects to have total U.S. membership between 52 million and 54 million people at the end of 2021, up just marginally from the 51.8 million members it recorded at the end of 2020.

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