UnitedHealth Group Inc. announced on Thursday that its revenue for the first quarter of 2025 reached $109.6 billion, rising by 10% on a yearly basis but still missing estimates. Net earnings came to $6.5 billion compared to a $1.2 billion loss in the first quarter of 2024, with diluted earnings per share (EPS) at $6.85, from a $1.53 loss per share a year ago. The healthcare giant updated its 2025 outlook, predicting net EPS of $24.65 to $25.15 and adjusted EPS of $26 to $26.50.

"UnitedHealth Group grew to serve more people more comprehensively but did not perform up to our expectations, and we are aggressively addressing those challenges to position us well for the years ahead, and return to our long-term earnings growth rate target of 13% to 16%," CEO Andrew Witty said.

The company's shares plunged 11.12% in premarket trade after the earnings release.