Teladoc Anticipates Q1 Revenue To Reach $180 Million Boosted By Surge In Telehealth Visits

Teladoc announced it expects first-quarter 2020 revenue to reach between $180 million and $181 million, beating its previous projections of quarterly revenue of between $169 million and $172 million. With those new projections, the company's first-quarter 2020 revenue grew 40% compared to revenue of $129 million in the first quarter of 2019.

As a result of the global outbreak of COVID-19, the company has experienced an unprecedented surge in demand for virtual care, the company said. The company's remote medical appointments have more than doubled in number since early March. Teladoc is now routinely providing . . .