secwatch.observer — SEC 8-K summary
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Issuer:     LEGALZOOM.COM, INC. (LZ)
CIK:        0001286139
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001286139-23-000130
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LegalZoom Q3 revenue $167.3M (+8% YoY); net income $7.5M vs loss year ago; new $100M buyback
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- Revenue $167.3M (+8% YoY); subscription revenue $104.5M (+14% YoY).
- Net income $7.5M (5% margin) vs net loss $12.0M prior year; Adjusted EBITDA $33.7M (20% margin), doubled YoY.
- Full-year 2023 guidance raised: revenue $657-659M, Adjusted EBITDA $114-116M.
- Board authorized new $100M stock repurchase program with no expiration date.
- Launched new products: LZ Books, Business Licenses, AI Doc Assist, and revamped Legal Forms library.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286139/000128613923000130/0001286139-23-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286139/000128613923000130/lz-20231107x8kearnings.htm
  HTML page:      https://secwatch.observer/filing/0001286139-23-000130

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer