Oscar Health reports Q3 EPS (29c), consensus (51c)

Reports Q3 revenue $1.44B, consensus $1.42B. “Oscar reported strong third quarter results with significant year-over-year improvement across all core ratios,” said Mark Bertolini, CEO. “We are pleased with our year-to-date outperformance and are raising our full year outlook for 2023 InsuranceCo Adjusted EBITDA and consolidated Adjusted EBITDA. We are well-positioned to deliver $155M to $165M of profit in our insurance business in 2023 and to achieve Total Company Adjusted EBITDA profitability in 2024.”