Teladoc Earnings Reaction
Yes I still have a little bag. In my eyes, this was a better Q than the last one (dumpster fire).
We have another Goodwill impairment charge. This time $ 3 billion.
My thoughts below.
TDOC improving in a lot of metrics. To me the whole Livongo goodwill amount should have already been written off. Dragging it out over multiple quarters is short term stock price (not company) headwind.
12.5% increase in ARPU. 36% yoy increase in visits. Gross margin stable. Improving op margins. Stock based compensation coming down. I’m still holding