Babylon expecting EBITDA profits in 2024 despite deepening losses

Babylon founder Ali Parsa

Digital health provider Babylon has said it expects to move into EBITDA profitability in the middle of 2024 – significantly ahead of guidance – after a three-fold leap in revenue to $1.11bn in FY22. The Group, which was one of the early pioneers of telemedicine and operates in the UK and the US, said a…

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