GDRX

GoodRx Holdings Q2 Adj. Profit Rises

(RTTNews) - GoodRx Holdings, Inc. (GDRX) reported second quarter net income of $58.8 million compared to a net loss of $1.4 million, primarily driven by an increase in income tax benefit. Profit per share was $0.14 compared to breakeven per share, last year. Adjusted net income was $28.4 million compared to $27.2 million. Adjusted profit per share increased to $0.07 from $0.06. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.06, for the quarter. Analysts' estimates typically exclude special items.

Second quarter total revenue decreased 1% to $189.7 million. Prescription transactions revenue increased 2% to $136.5 million, primarily driven by a 5% increase in Monthly Active Consumers. Analysts on average had estimated $186.82 million in revenue.

The company expects third quarter total revenue of approximately $186 million to $190 million. The company expects fiscal 2023 total revenue of approximately $750 million to $760 million.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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