American Well Q3 revenue beats estimates on subscriptions, AMG
AMWL•American Well reported Q3 revenue of $48.99 million, above the $47.29 million analyst estimate, and a net loss of $11.0 million. It raised its 2026 revenue outlook to $204 million-$206 million and adjusted EBITDA outlook to a loss of $8 million-$7 million.
1. Q3 results
Q3 revenue was $48.99 million, compared with analyst estimates of $47.29 million. The company reported a net loss of $11.0 million and a loss per share of $0.67.
2. Raised 2026 outlook
Amwell raised its 2026 revenue outlook to $204 million-$206 million from $200 million-$205 million, and its adjusted EBITDA outlook to a loss of $8 million-$7 million from a loss of $9 million-$7 million. It expects 2026 Amwell Medical Group visits of 1.32 million-1.37 million.
3. Revenue drivers
The company said Q3 revenue included $23.9 million from subscriptions and $23.7 million from Amwell Medical Group visits. It also said activating more members and simplifying their experience contributed to results.
