What drove HIMS's earnings surprise in Q3 2024?

Hims & Hers Health, Inc. (HIMS) reported an EPS surprise of $0.28 and a revenue surprise of $19.36 million in Fiscal Q3 2024. **Digital Transformation and Market Expansion** are the key factors behind its robust performance.

1. **Digital Transformation**: HIMS has been actively transforming its business model to focus on digital health services, which has proven to be highly resilient and profitable. This shift has allowed the company to capitalize on the growing demand for telemedicine and online health services, which have become increasingly important amid the COVID-19 pandemic.
2. **Market Expansion**: The company's strategic acquisitions, such as the acquisition of MedisourceRx, have significantly expanded its product offerings and market reach. This has not only diversified its revenue streams but has also contributed to its revenue growth. Additionally, the company's partnerships and collaborations in the healthcare industry have further bolstered its market position and contributed to its financial performance.

In summary, HIMS's focus on digital transformation and market expansion has driven its strong earnings performance in Q3 2024.