LegalZoom Q2 revenue $168.9M (+4% YoY); net income turns positive; raises full-year guidance

LEGALZOOM.COM, INC.

2023-Q2 EPS reported -$0.01 revenue$334,790,000

Revenue $168.9M (+4% YoY); subscription revenue $102.2M (+12% YoY) with 159k net new subscription units.
Net income $1.4M vs net loss $12.7M a year ago; Adjusted EBITDA $29.6M (18% margin) vs $18.1M (11%).
Diluted EPS $0.01 vs -$0.06; non-GAAP diluted EPS $0.10 vs $0.05.
Cash $238.9M, no debt; free cash flow $37.4M vs $5.6M in prior-year quarter.
Q3 revenue guidance $159M-$161M; FY revenue guidance raised to $642M-$652M; launched LZ Books accounting post-quarter.

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