Sharecare announces 2nd quarter 2022 financial results and operational highlights.

ATLANTA: Sharecare (Nasdaq: SHCR), the digital health company that helps people manage all their health in one place, today announced financial results for the quarter ended June 30, 2022. In addition, the company announced that it has signed a memorandum of understanding for a multi-year strategic partnership with Carelon to integrate Sharecare's advocacy capabilities into Carelon's Health Guide services that currently support hundreds of thousands of members. Sharecare has also initiated a strategic review of its non-enterprise businesses to enhance shareholder value, which management and the board of directors do not believe is currently reflected in the share price. The company's $50 million share repurchase program previously announced on May 12, 2022, remains in place.

"Sharecare delivered solid second quarter results exceeding revenue and EBITDA guidance with continued progress on deploying our digital first strategy to drive enhanced engagement, increased access, and improved outcomes for our clients," said Jeff Arnold, chairman and CEO of Sharecare. "We remain confident in our ability to execute on our strategy given the continued demand and momentum in new business opportunities and client wins along with retaining our current customer base, which will support accelerated revenue growth and operating performance in 2023."

Mr. Arnold added, "Sharecare provides a comprehensive digital health navigation platform supporting a significant number of top payors and employers to deliver value to more than 11 million members every day. We are committed to continuing to improve operating performance while advancing innovative solutions for our customers. One example of the value Sharecare continues to bring to its customers is the successful launch of Sharecare+, a digital first advocacy platform developed in partnership with Elevance Health. Our partnership with Carelon will be the next step in driving significant scale of our solution."

Second Quarter 2022 Financial Results

All comparisons, unless otherwise noted, are to the three months ended June 30, 2021.

Revenue of $103.8...