CHICAGO, May 12, 2021 — GoHealth, Inc. (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, announced financial results for the three months ended March 31, 2021.
- First quarter 2021 net revenue of $204.2 million increased 45% compared to the prior year period
- First quarter 2021 Medicare—Internal revenue of $157.4 million increased 65% compared to the prior year period
- First quarter 2021 Medicare Advantage (“MA”) Approved Submissions of 171,127 increased 48% compared to the prior year period
- First quarter 2021 MA LTV Per Approved Submission of $995 increased 17% compared to the prior year period
- First quarter 2021 net loss of $7.3 million compared to a net loss of $0.9 million in prior year period; Adjusted EBITDA1 of $32.0 million decreased 8% compared to the prior year period due to the 2021 strategic investments in agent capacity, marketplace technology, branding and Encompass Platform
- The Company reaffirmed its full year 2021 outlook, and expects total net revenue of $1,150 – $1,300 million (+31% to +48%) powered by commission net revenue of $950 – $1,100 million (+42% to +64%). The Company also expects Adjusted EBITDA of $345 – $385 million (+27% to +42%)