UnitedHealth Navigates Cyberattack Fallout with Resilient Q2 Performance
Despite a major cyberattack on Change Healthcare, UnitedHealth Group reports strong revenue and maintains its earnings outlook for 2024.
- UnitedHealth's Q2 revenue reached $98.9 billion, surpassing Wall Street expectations.
- The cyberattack's total impact is now projected between $2.3 billion and $2.45 billion for 2024.
- Net income for Q2 fell to $4.2 billion, down from $5.5 billion the previous year.
- UnitedHealth has provided over $9 billion in financial support to affected healthcare providers.
- The company has restored most impacted services and reaffirmed its adjusted earnings outlook.