Hims & Hers Q1 Revenue Misses by $2.2 M; Shares Slide 15%
Hims & Hers’ shares plunged 15% after the company reported first-quarter revenue of $77.8 million, missing the $80 million consensus and marking a 3% year-over-year decline. The telehealth provider posted a net loss of $0.22 per share and highlighted slowing subscriber additions.
1. First-Quarter Results Fall Short
Hims & Hers generated $77.8 million in first-quarter revenue, down 3% year-over-year and $2.2 million below consensus estimates. The company recorded a net loss of $0.22 per share, wider than Street expectations of $0.18, as marketing costs rose and average revenue per user softened. Shares fell 15% on the earnings release, reflecting investor concern over slowing top-line momentum and profitability challenges.
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