Stock Track | Progyny (PGNY) Surges 7.74% in Pre-Market on Strong Q4 Results and Growth Prospects

Stock Track

Feb 28, 2025

Progyny (PGNY) stock soared 7.74% in the pre-market session on Friday, driven by the company's robust fourth-quarter 2024 earnings and positive outlook for continued growth.

The fertility benefits provider reported impressive financial results for Q4 2024:

Revenue increased 11% year-over-year to $298.4 million, exceeding guidance.
Adjusted EBITDA rose 10% to $47.5 million, with a margin of 15.9%.
Achieved record quarterly ART cycle volume of over 15,800 cycles.

For the full year 2024, Progyny's revenue grew 7% to $1.17 billion, marking its ninth consecutive year of growth. The company's strong performance was driven by several factors:

Added over 80 new clients, including its first national health plan partner, Cigna.
Expanded services offerings in areas like maternity, postpartum, and menopause.
Retained 99% of existing clients, reflecting high satisfaction.
Continued investments in digital assets and product development.

While Progyny expects variability in member engagement and the loss of a large client (Amazon) in 2025, the company remains optimistic about its growth prospects. It plans to expand its global offerings and leverage strategic partnerships to drive further adoption of its comprehensive fertility solutions.

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It plans to expand its global offerings and leverage strategic partnerships to drive further adoption of its comprehensive fertility solutions.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PGNY","symbol_name":"Progyny","start_time":0,"source_url":"","article_id":"1121131150","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1121131150","pubTimestamp":1740744207,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Progyny  stock soared 7.74% in the pre-market session on Friday, driven by the company's robust fourth-quarter 2024 earnings and positive outlook for continued growth.The fertility benefits provider reported impressive financial results for Q4 2024:. Revenue increased 11% year-over-year to $298.4 million, exceeding guidance.Adjusted EBITDA rose 10% to $47.5 million, with a margin of 15.9%.Achieved record quarterly ART cycle volume of over 15,800 cycles.For the full year 2024, Progyny's revenue g","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PGNY":"Progyny"},"translate_title":"由于强劲的第四季度业绩和增长前景，股票跟踪Progyny(PGNY)盘前飙升7.74%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PGNY":1},"content_text":"Progyny (PGNY) stock soared 7.74% in the pre-market session on Friday, driven by the company's robust fourth-quarter 2024 earnings and positive outlook for continued growth.\nThe fertility benefits provider reported impressive financial results for Q4 2024:\n\nRevenue increased 11% year-over-year to $298.4 million, exceeding guidance.\nAdjusted EBITDA rose 10% to $47.5 million, with a margin of 15.9%.\nAchieved record quarterly ART cycle volume of over 15,800 cycles.\n\nFor the full year 2024, Progyny's revenue grew 7% to $1.17 billion, marking its ninth consecutive year of growth. The company's strong performance was driven by several factors:\n\nAdded over 80 new clients, including its first national health plan partner, Cigna.\nExpanded services offerings in areas like maternity, postpartum, and menopause.\nRetained 99% of existing clients, reflecting high satisfaction.\nContinued investments in digital assets and product development.\n\nWhile Progyny expects variability in member engagement and the loss of a large client (Amazon) in 2025, the company remains optimistic about its growth prospects. It plans to expand its global offerings and leverage strategic partnerships to drive further adoption of its comprehensive fertility solutions.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}