China smartphone shipments slumped in June on inventory overhang: Jefferies
NEW YORK - Oscar Health , Inc. (NYSE:OSCR) reported first quarter earnings and revenue that exceeded analyst expectations on Wednesday.
The healthcare technology company saw its shares jump 16.22% in premarket trading after the release.
Oscar Health posted adjusted earnings per share of $0.92 for Q1 2025, beating the consensus estimate of $0.81. Revenue came in at $3.05 billion, surpassing expectations of $2.84 billion and representing a 42% increase YoY from $2.14 billion in Q1 2024.
The company’s medical loss ratio was 75.4% in Q1, compared to 74.2% in the same quarter last year. Total (EPA:TTEF) membership grew to over 2 million members as of March 31, 2025, up from 1.45 million a year earlier.
"Oscar reported strong financial results in the first quarter," said CEO Mark Bertolini. "We delivered continued top-line growth and bottom-line performance with significant year-over-year increases in revenue and net income."
The company reaffirmed its full year 2025 outlook across all metrics.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.