LegalZoom Q1 rev $165.9M (+7% YoY), Adj EBITDA $21.9M, raises FY guidance

LEGALZOOM.COM, INC.

2023-Q1 EPS reported -$0.01 revenue$165,936,000

Revenue $165.9M, +7% YoY; subscription rev $97.3M (+15% YoY); net loss narrowed to $2.4M from $25.8M.
Adjusted EBITDA $21.9M (13% margin) vs $2.3M (1% margin); Non-GAAP net income $14.0M vs loss $5.4M.
Q2 guidance rev $166-$168M, Adj EBITDA $27-$29M; FY rev raised to $630-$650M, EBITDA $105M.
Cash $204.1M, no debt; free cash flow $21.8M, up 147% YoY; subscription units 1.5M (+10% YoY).

item 2.02 item 7.01 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

LEGALZOOM.COM, INC. reported the three months ended March 31, 2023 results: revenue $165.9 million, net income net loss was $2.4 million, EPS basic and diluted net loss per share was $0.01. Guidance reaffirmed.

Period: the three months ended March 31, 2023
Revenue: $165.9 million
Net income: net loss was $2.4 million
EPS: basic and diluted net loss per share was $0.01
Guidance: reaffirmed
Result: reported results

Exact text from the filing

into a filing under the Securities Act of 1933, as amended, or the Exchange Act. --- EX-99.1 (EX-99.1) --- LegalZoom Reports First Quarter 2023 Financial Results • Revenue of $165.9 million for the quarter, an increase of 7% year-over-year • Subscription revenue of $97.3 million for the quarter, an increase of 15% year-over-year • $204.1 million of cash and cash

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Source: SEC EDGAR

accession 0001286139-23-000076

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