Babylon Holdings Limited (BBLN) Reports In-Line Q3 EPS; Offers FY22 Guidance

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Go back to Babylon Holdings Limited (BBLN) Reports In-Line Q3 EPS; Offers FY22 Guidance

Babylon Reports Another Strong Quarter Ahead of Consensus Estimates with Revenue Growth of 3.9x and 45 ppts Adjusted EBITDA Margin Improvement

November 10, 2022 6:00 AM EST

Third quarter revenue grew 3.9x year-over-year to $288.9 million U.S. value-based care members grew by 171% year-over-year, including 285% growth in Medicare membership Adjusted EBITDA Margin of (18.8)% for the quarter (equivalent to $(18.1) million Adjusted EBITDA per month), a 45 percentage points improvement year-over-year, reflecting successful execution of cost reduction actions Partnering with Ambetter Health to provide digital-first value-based care services to Commercial Exchange members across 6 U.S. states from January 2023, as well as extending key partnership with Bupa in the UK to cover 2.3 million customers Members enrolled in integrated behavioral... More