Nerdy Q4 revenue $48M (-13% YoY), adjusted EBITDA loss $5.5M, beats guidance

Nerdy Inc.

2024-FY EPS reported -$0.38 revenue$190,231,000

Consumer revenue $41.0M (-6% YoY); Institutional revenue $6.8M (-40% YoY).
Net loss $15.7M vs $9.2M loss in Q4 2023; gross margin 66.6% vs 71.3%.
Active Members 37.5K as of Dec 31, 2024; cash $52.5M, no debt.
Q1 2025 revenue guidance $45-47M; full year $190-200M. Expects EBITDA-positive in Q4 2025.
AI product rollouts cited for future growth; headcount peaked in 2024.

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