Nerdy Q4 revenue $55.1M (+32% YoY); non-GAAP EBITDA positive $3.0M, beats guidance

Nerdy Inc.

2023-FY EPS reported -$0.41 revenue$193,399,000

Q4 revenue $55.1M (+32% YoY); Consumer subscription rev $43.5M (+109%); Institutional rev $11.3M (+160%).
Active Learners 40.7K (+101% YoY); annualized run-rate from Learning Memberships $151M (+74%).
Q4 non-GAAP adjusted EBITDA positive $3.0M (vs breakeven guidance); full-year loss $2.5M vs $35.7M prior.
Varsity Tutors for Schools Q4 bookings $10.3M (42 contracts); full-year bookings $37.6M (+52%).
2024 guidance: revenue growth ~24% YoY, positive operating cash flow, further margin expansion.

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 financial results for fourth fiscal quarter and fiscal year ended December 31, 2023.

Period: fourth fiscal quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 27, 2024, Nerdy Inc. issued press releases announcing results for its fourth fiscal quarter and fiscal year ended December 31, 2023.

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

Nerdy Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-047907

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