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This statistic highlights GoodRx’s number of subscribers, reported on a quarterly basis from Q2 2020 onwards.
GoodRx Holdings Inc is an international digital healthcare platform offering affordable prescription drugs to its customers across the world.
GoodRx’s Subscription plans
In Q2 2021, GoodRx’s subscriber count crossed the one million mark and now they have over 11,00,000 subscribers. The revenue from subscription packs is one of the fastest-growing parts of the business. These packs are an extension of their free services which offer greater benefit and additional features to the subscribers. The subscribers receive refill reminders, price drop alerts and can save a lot of money at select pharmacies.
The company currently offers 2 subscription packs: the GoodRx Gold and the Kroger Rx Savings Club. The GoodRx Gold plan, introduced in 2017, is a monthly plan that provides low-priced medications at select pharmacies and discounted tele-health services. The Kroger Rx Savings plan, introduced in 2018, is an annual plan that offers low prescription prices at Kroger pharmacies.
GoodRx Holding’s number of subscribers
|Period||Q2 2020||Q3 2020||Q4 2020||Q1 2021||Q2 2021||Q3 2021|
|No. of subscribers||600||700||800||900||1100||1100|
(All figures in thousands)
The number of subscribers of GoodRx has been growing steadily. From Q2 2020 to Q1 2021, the company added 100 thousand subscribers in each quarter. Then, there was a jump in Q2 2021, wherein the company saw an increase of 200 thousand subscribers. However, in the next quarter of Q3 2021, the number of subscribers saw no increase.
In Q3 2021, the number of subscribers stood at 1100 thousand as compared to 700 thousand in Q3 2020, marking a 57.14% growth on a year-on-year basis. The number of subscribers in Q3 2021 saw no increase in Q2 2021, making a 0% growth on a quarter-on-quarter basis. Between Q2 2020 and Q3 2020, the number of subscribers increased from 600 thousand to 700 thousand, growing by 16.67%.
Between Q3 2020 and Q4 2020, the subscriber count increased from 700 thousand, to 800 thousand, making a growth of 14.28%. Then, between Q4 2020 and Q1 2021, the number of subscribers increased from 800 thousand, to 900 thousand, growing by 12.5%.
The increase in the number of subscribers was the largest from Q1 2021 to Q2 2021. It grew from 900 thousand to 1100 thousand, marking a 22.22% growth. The percentage growth of the number of subscribers saw a downward trend from Q2 2020 till Q1 2021, where the percentage increase in each quarter decreased from 16.67% to 12.5%. The largest percentage growth on a quarter-on-quarter basis was of 22.22%, from 900 thousand subscribers in Q1 2021 to 1100 thousand subscribers in Q2 2021.
About GoodRx Holdings Inc.
GoodRx Holdings Inc is an American digital healthcare platform that facilitates improved healthcare affordability and access for all Americans. The company was founded in 2011 by Trevor Bezdek, Doug Hirsch and Scott Marlette in Santa Monica, California. The company was found as a solution to the prevailing challenges that the consumers face in accessing affordable healthcare. Even though the US healthcare market is one of the largest sectors of the US economy, it is highly inefficient and the consumers have to incur high costs. The company offers a website and a mobile app which facilitates tele-consultations and free access to low-priced prescription drugs.
GoodRX also gives free discount coupons on medicines. They aim to improve medication adherence, accessibility and provide faster treatments. The platform also provides customers with tools to compare prescription drug prices throughout the United States. Their online platform includes the GoodRx Care and GoodRx Telehealth Marketplace. The GoodRx Care include their in-house physicians. The GoodRx Telehealth Marketplace is an online marketplace that gives its customers access to providers of lab tests across all 50 states. GoodRx Holdings Inc’s common stock is listed on the NASDAQ under the symbol “GDRX”.
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