SelectQuote, Inc. (NYSE: SLQT) reported consolidated revenue of $292.3 million for the first quarter of fiscal year 2025, an increase of 26% compared to $232.7 million in the prior year period. The company also reported a consolidated net loss of $44.5 million, compared to a net loss of $31.1 million in the first quarter of fiscal year 2024.
Consolidated Adjusted EBITDA for the quarter improved significantly to $(1.7) million, compared to $(11.4) million in the first quarter of fiscal year 2024. The Senior segment's Adjusted EBITDA increased to $7.7 million from $(1.3) million year-over-year, while the Healthcare Services segment's revenue surged 60% to $155.7 million.
SelectRx members grew by 64% to over 86,000 as of September 30, 2024, demonstrating strong growth in the healthcare services platform. The company also announced it is raising its fiscal year 2025 guidance ranges for revenue, Adjusted EBITDA, and net income, reflecting confidence in its strategic execution.
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