Talkspace Boosts Revenue with Military Contract, Medicare Plans

Talkspace Increases Revenue with Military Contract and Medicare Expansion

Talkspace Inc. (TALK), a leading provider of online therapy services, reported a 29% increase in revenue to $46.1 million for the second quarter of 2024. The company achieved a second consecutive profitable quarter with adjusted EBITDA reaching $1.2 million. This growth was largely driven by a 62% increase in payer revenue, expansion of covered lives to 145 million, and a new partnership with Humana Military to service 6 million active military lives through TRICARE.