GoodRx Q3 Profit Misses View

November 07, 2024 — 06:43 am EST

Written by RTTNews.com for RTTNews

(RTTNews) - GoodRx Holdings, Inc. (GDRX), a digital healthcare platform, Thursday reported net income of $3.97 million or $0.01 per share for the third quarter compared with net loss of $38.49 million or $0.09 per share in the same quarter a year ago, helped by increase in revenue as well as decline in costs and expenses.

Excluding one-time items, earnings were $31.94 million or $0.08 per share, that missed the analysts' average estimate of $0.09 per share. Analysts' estimates typically exclude special items.

Revenue for the quarter grew 8 percent to $195.25 million from $179.96 million in the previous year. Adjusted Revenue increased 3 percent to $195.3 million from $190 million. The consensus estimate was for $195.65 million.

For the fourth quarter, the company sees revenue of nearly $200 million. The Street is looking for revenue of $206.25 million for the quarter.

For the full year, GoodRx expects revenue to be about $794 million. This compares with analysts' average estimate of $800.8 million.

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GoodRx Q3 Profit Misses View

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