Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
LEGALZOOM.COM, INC. reported third quarter ended September 30, 2022 results: revenue $154.4 million, net income $10.1 million, EPS $0.05. Guidance raised.
- Period
- third quarter ended September 30, 2022
- Revenue
- $154.4 million
- Net income
- $10.1 million
- EPS
- $0.05
- Guidance
- raised
- Result
- reported results
Exact text from the filing
LegalZoom Reports Third Quarter 2022 Results • Revenue of $154.4 million, an increase of 4% year-over-year • Subscription revenue of $91.4 million, an increase of 25% year-over-year • $211.8 million of cash and cash equivalents and no debt outstanding as of September 30, 2022 GLENDALE, California – November 10, 2022 – LegalZoom.com, Inc. (Nasdaq: LZ) today announced results for its third quarter ended September 30, 2022, including the following highlights: • Revenue was $154.4 million for the quarter, up 4% year-over-year. ◦ Transaction revenue was $57.6 million, compared to $66.9 million in 2021, down 14% year-over-year. ◦ Subscription revenue was $91.4 million, compared to $73.3 million in 2021, an increase of 25% year-over-year. We had 1,415,000 subscription units as of September 30, 2022 with 21,000 net units added in the quarter, and our average revenue per subscription unit increased 12% from 2021. ◦ Partner revenue was $5.5 million, compared to $7.7 million in 2021. • Gross marg
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