Nerdy Q3 revenue $40.3M (+27% YoY) beats guidance; Q4 outlook $54-56M

Nerdy Inc.

2023-Q3 EPS reported -$0.37 revenue$138,315,000

Revenue $40.3M, above $38-40M guidance; net loss $20.6M vs $32.3M loss YoY.
Non-GAAP adjusted EBITDA loss $8.2M (top of $8-10M guidance), vs $14.0M loss YoY.
Consumer revenue $34.5M (+19% YoY); Institutional $5.6M (+133% YoY); gross margin record 72.4%.
Learning Memberships 100% of consumers; 39.5K active members; annualized run rate $164M (3x YoY).
Q4 revenue guidance $54-56M (32% growth at midpoint); FY guidance $192-194M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Nerdy Inc. reported third quarter ended September 30, 2023 results: revenue $40.3 million.

Period: third quarter ended September 30, 2023
Revenue: $40.3 million
Result: reported results

Exact text from the filing

Consumers who purchased a class (in 2022) given we no longer sell stand alone classes. Q3 Earnings Release 2023 2 I am pleased to share that in the third quarter: ● We delivered $40.3 million of revenue, an increase of 27% year-over-year, above our guidance range of $38- 40 million. Revenue growth was driven by both our Consumer and Institutional businesses, which

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Nerdy Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-272414

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.