Gohealth Inc ( (GOCO) ) has released its Q4 earnings. Here is a breakdown of the information Gohealth Inc presented to its investors.
GoHealth Inc., a prominent digital health company specializing in the Medicare marketplace, leverages advanced technology to assist consumers in selecting suitable health insurance plans. The company recently reported impressive financial results for the fourth quarter and full fiscal year 2024, highlighting significant growth and operational efficiency.
In the fourth quarter of 2024, GoHealth achieved net revenues of $389.1 million, marking a 41% increase from the previous year. The company also reported a net income of $58.0 million, a substantial improvement from the prior year’s loss. The integration of e-TeleQuote Insurance, Inc. contributed to these gains, enhancing growth and efficiency during the Annual Enrollment Period.
For the full year 2024, GoHealth’s net revenues reached $798.9 million, reflecting a 9% increase year-over-year. The company improved its net loss by $144.0 million, ending with a net loss of $7.3 million. Adjusted EBITDA rose by 60% to $120.3 million, demonstrating the effectiveness of GoHealth’s strategic investments and operational improvements.
Looking ahead, GoHealth’s management remains optimistic about sustaining profitable growth and enhancing consumer experiences. The company plans to continue investing in technology and expanding its health plan partnerships to reinforce its leadership in the digital Medicare marketplace.