Nerdy Q2 revenue $51M (+4% YoY), net loss $14.4M; cuts guidance

Nerdy Inc.

2024-Q2 EPS reported -$0.15 revenue$104,711,000

Revenue $51.0M (+4% YoY) in line with guidance; net loss $14.4M vs $5.6M loss last year.
Adjusted EBITDA loss $2.1M (top of guidance) vs +$1.3M last year; full-year EBITDA guided -$19M to -$21M.
Active Members 35.5K (+15% YoY) but ARPM fell to $281 from $352 due to higher mix of lower-frequency memberships.
Institutional revenue $11.1M (+33% YoY); freemium platform now reaches 3.3M students across ~600 districts.
Cash $69.8M, no debt; Q3 revenue guided $35-38M, full-year revenue $196-204M.

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.