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Platform subscribers approached 1.9 million, increasing 43% year over year.
Health and wellness platform Hims & Hers Health, Inc. saw a revenue increase of 52% year-over-year to $315.6 million in Q2 2024.
The prior-year quarter was $207.9 million and net income was $13.3 million. The company also reported an adjusted EBITDA of $39.3 million in Q2 2024.
“Our second quarter results mark an acceleration in what was already an incredible trajectory. During the quarter, subscribers on our platform approached 1.9 million, increasing 43% year-over-year,” said Andrew Dudum, co-founder and CEO. “We believe access to life-changing solutions should be simple, convenient, affordable, and designed for the individual. As we expand the capabilities on our platform, we are only more convinced that we can help an individual in every household in the country feel great.”
For the third quarter 2024, the company said it expects revenue to grow from $375 million to $380 million and adjusted EBITDA of $35 million to grow to $40 million, reflecting an adjusted EBITDA margin of 9% to 11%.
For the full year 2024, the company expects revenue to grow from $1.37 billion to $1.40 billion and adjusted EBITDA of $140 million to $155 million, reflecting an adjusted EBITDA margin of 10% to 11%.
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