Nerdy Q2 revenue $42.2M beats guidance; Active Learners up 36% YoY; FY22 outlook reaffirmed

Nerdy Inc.

2022-Q2 EPS reported -$0.10 revenue$89,111,000

Revenue $42.2M (+29% YoY) above guidance range of $37-40M; gross profit $28.8M (+35.2% YoY).
Active Learners 74K (+36%), Online Sessions 630K (+35%), Active Experts +42% vs Q2 2021.
Net income $15.3M vs net loss $0.3M in prior year; adjusted EBITDA loss $9.6M within guidance.
Completed Codeverse acquisition in July; will integrate into Learning Membership later in 2022.
Q3 revenue guidance $30-33M; full-year revenue reaffirmed $160-175M; target EBITDA profitability by end of 2023.

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