American Well Reports Q3 2026 Results with Revenue Beat and Improved EBITDA
American Well (AMWL) reported third-quarter revenue of $49 million, exceeding its guidance despite a 12.9% year-over-year decline driven by customer churn in the subscription segment. While subscription revenue fell to $23.9 million, AMG Visit Revenue grew 11.7% to $23.7 million due to higher pricing and a shift toward specialized clinical programs. Virtual Primary Care visits saw significant growth of 41% year-over-year. The company demonstrated improved profitability metrics, reporting an adjusted EBITDA loss of $3.6 million—a $9.1 million improvement over the previous year. Operating expenses decreased by 36.1% following strategic transformation efforts and reduced litigation costs. Based on these results, American Well raised its full-year revenue guidance to a range of $204 million to $206 million and expects to reach breakeven or positive adjusted EBITDA in Q4 2026.
Topics: Adjusted EBITDA Clinical Programs Gross Margin Revenue Subscription Revenue
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