Hims & Hers: Driving Growth In Wellness
Portfolio Pulse from
Hims & Hers reported a strong Q3 2024 with a 44% YoY increase in active users and a 77% YoY rise in revenue to $401.6M. Online channel revenue grew by 79% YoY, and GLP-1 patient retention at 12 weeks was 70%, significantly above the industry average.
November 29, 2024 | 4:00 pm
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POSITIVE IMPACT
Hims & Hers reported a 44% YoY increase in active users and a 77% YoY rise in revenue for Q3 2024, with strong online channel performance and high GLP-1 patient retention.
The significant YoY growth in both active users and revenue, particularly from online channels, indicates strong business performance. The high GLP-1 retention rate suggests effective customer engagement and product satisfaction, likely boosting investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100