Nerdy

Nerdy, Inc. engages in the operation of a platform for live online learning with a mission to transform the way people learn through technology. The firm's purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Its learning destination provides learning experiences across multiple subjects and formats, including one-on-one instruction, small group classes, large format group classes, and adaptive self-study. Nerdy’s flagship business, Varsity Tutors, is a platform for live online tutoring and classes. Its solutions are available directly to learners, as well as through schools and other institutions. The company was founded by Chuck Cohn in October 2007 and is headquartered in St. Louis, MO.

Earnings data Q2 2021

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Earnings data Q4 2024

Nerdy exceeds Q4 revenue expectations, focuses on learning memberships

Nerdy's Q4 performance exceeded expectations, driven by learning memberships and institutional growth. The company's focus on AI-driven products and transitioning to memberships presents opportunities for revenue enhancement. Challenges remain in achieving EBITDA profitability and effectively transitioning consumer business.

Nerdy surpasses Q1 targets with strong revenue and AI-driven growth

Nerdy's Q1 performance exceeded expectations, driven by strong revenue, profitability, and customer engagement across learning memberships and institutional segments.
While facing margin challenges and condensed revenue assumptions, the company's focus on AI, marketing efficiency, and new product launches positions it well for sustained growth.
Opportunities lie in transitioning customers to recurring revenue, leveraging American rescue plan funds, and expanding AI applications in education to drive innovation and revenue.
Overall, Nerdy's strategic focus on AI, customer value, and market expansion sets a solid foundation for future growth and competitive positioning in the education technology sector.

Nerdy surpasses Q2 targets with strong membership and institutional growth

Nerdy's Q2 performance exceeded expectations, driven by strong learning membership revenue and institutional business growth.
Operational efficiency improvements, AI integration, and strategic marketing investments position Nerdy for continued success.
While challenges exist in market dynamics and managing growth-related costs, the company's focus on memberships and AI offers growth potential.

Nerdy beats Q3 expectations with strong revenue growth and profitability

Nerdy's Q3 performance exceeded expectations, driven by strong revenue growth and improved profitability.
The company's focus on new subscription models and customer flexibility has shown promising results.
Challenges lie in maintaining operational efficiency and balancing benefits for active experts.
Opportunities for growth include market expansion, product innovation, and leveraging AI algorithms for better outcomes.

Nerdy (NRDY) posts robust Q4 results, eyes profitable growth

Nerdy's Q4 2023 performance reflects strong revenue growth, margin improvement, and positive adjusted EBITDA, setting the stage for profitable growth in 2024.
The company's strategic focus on scaling subscription products, leveraging AI, and implementing a freemium growth strategy highlights its strengths and growth potential.
While facing challenges in retention, customer transition, and cost management, Nerdy is well-positioned to capitalize on opportunities in converging businesses, marketplace awareness, and product expansion.

Nerdy Inc. reports robust Q1 earnings, eyes growth opportunities ahead

Nerdy's Q1 performance reflects strong revenue growth, profitability, and positive outlook for future quarters, driven by successful product scaling and expansion efforts.
While facing challenges in strategy implementation and market dynamics, the company's strengths in revenue generation and customer reach position it well for growth.
With a focus on optimizing operations, enhancing marketing strategies, and seizing market opportunities, Nerdy is poised to capitalize on its current momentum.

Nerdy reports Q3 revenue decline, eyes growth opportunities in 2025

Nerdy faced revenue challenges in Q3 2024 but showed strengths in student engagement and customer retention efforts.
The company's cost management improved with decreased general and administrative expenses, balancing increased sales and marketing costs.
Guidance for Q4 revenue and adjusted EBITDA indicates expectations for sequential improvement and growth into 2025.

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Nerdy, Inc. engages in the business of operating a platform for live online learning. The firm is also involved in providing a purpose-built proprietary platform that leverages technology including artificial intelligence, to connect students, users, parents, guardians, and purchasers of all ages to tutors, instructors, subject matter experts, educators, and other professionals delivering superior value on both sides of the network. The company was founded by Charles K. Cohn in October 2007 and is headquartered in St. Louis, MO.

Nerdy, Inc. (NYSE:NRDY ) Q3 2024 Results Conference Call November 7, 2024 5:00 PM ET Company Participants T.J. Lynn - Associate General Counsel Chuck Cohn - Founder, Chairman and Chief Executive Officer Jason Pello - Chief Financial Officer Conference Call Participants Andrew Boone - JMP Securities Greg Gibas - Northland Securities Operator Good afternoon.

Nerdy, Inc. (NRDY) Q3 2024 Earnings Call Transcript

Nerdy Inc. (NRDY) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.13 per share a year ago.

Nerdy Inc. (NRDY) Reports Q3 Loss, Tops Revenue Estimates

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY) today announced financial results for the third quarter ended September 30, 2024. “During the third quarter, Nerdy continued to make progress against the primary goals we laid out for the year, including: scaling the winning product for every Learner, expanding the number of Learners we can impact, and laying the foundation to deliver profitable growth,” said Chuck Cohn, Founder, Chairman and Chief Executive Officer of Nerdy Inc. “We delivered.

Nerdy Announces Third Quarter 2024 Financial Results

NEVADA CITY, Calif.--(BUSINESS WIRE)--Forest Charter School today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all students with access to the Varsity Tutors for Schools platform. The partnership ensures all students, educators and parents have a rich set of academic resources for the school years to come. The comprehensive platform integrates interactive study tools, collaborative w.

Forest Charter School Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced the company will release its third quarter financial results for the period ended September 30, 2024 after the U.S. stock market closes on Thursday, November 7, 2024. Following the release, Nerdy management will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss the company's financial and operating results. Interested parties in the U.S. may listen t.

Nerdy to Announce Third Quarter 2024 Results on November 7, 2024

NEW YORK--(BUSINESS WIRE)--Harbor Science and Arts Charter School today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the Harbor students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of powerful resources for school y.

Harbor Science and Arts Charter School Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Northpoint Charter School today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all students with access to the Varsity Tutors for Schools platform at no cost to the school, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of academic resources for school years to come.

Northpoint Charter School Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

MCALESTER, Okla.--(BUSINESS WIRE)--McAlester Public Schools today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to MPS students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of powerful resources for school years to come.

McAlester Public Schools Announces Partnership With Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

OKLAHOMA CITY--(BUSINESS WIRE)--Harding Charter Preparatory School District today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the District, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of academic resources.

Harding Charter Preparatory School District Announces Partnership With Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

BOSTON--(BUSINESS WIRE)--Digital Ready is pleased to announce an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide students with access to their platform for free, so that students can get on-demand academic support when they need as they pursue their college and career goals. This partnership ensures that students and their families have access to academic tutoring and resources for the entire school.

Digital Ready Announces Partnership With Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for Students

WAYNE, Okla.--(BUSINESS WIRE)--Mid-America Technology Center (MATC) today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the district, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of academic resources for sch.

Mid-America Technology Center Announces Partnership With Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

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After tumbling by more than 91% since going public via a SPAC merger in 2021, now may be the time to buy Nerdy stock. Despite disappointing results and guidance in recent quarters, there's still strong potential for this online learning company to experience a game-changing shift to consistent profitability. It all has to do with Nerdy's flagship Varsity Tutors business, which lately has been focusing on the institutional education market.

Nerdy: 3 Reasons To Buy This Speculative Edtech Play

PITTSBURGH--(BUSINESS WIRE)--North Hills School District today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the District, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of academic resources for school years t.

North Hills School District Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

WOODBURY, Minn.--(BUSINESS WIRE)--The Woodbury Leadership Academy (WLA) today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the Academy, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of academic resources for.

The Woodbury Leadership Academy Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

VELMA, Okla.--(BUSINESS WIRE)--Velma-Alma School District today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the district, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of academic resources for school years.

Velma-Alma School District Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

EDGEWOOD, N.M.--(BUSINESS WIRE)--Estancia Valley Classical Academy (EVCA) today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the Academy, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of academic resources fo.

Estancia Valley Classical Academy Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

Nerdy expands Varsity Tutors for Schools with The NET Charter High School - Gentilly Campus, providing free tutoring resources through 2030.

NRDY Expands Varsity Tutors for Schools With New Partnership

NEW ORLEANS--(BUSINESS WIRE)--The NET Charter High School - Gentilly Campus, an EQA School, today announced a exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the School, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of acade.

The NET Charter High School Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

NILES, Mich.--(BUSINESS WIRE)--St. Mary's School today announced a exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all students with access to the Varsity Tutors for Schools platform at no cost to the school, students, or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of academic resources for school years to come. The compreh.

St. Mary's School Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

WAPAKONETA, Ohio--(BUSINESS WIRE)--Wapakoneta City Schools today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the Schools, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of powerful resources for school years.

Wapakoneta City Schools Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

Nerdy's (NRDY) leading tutoring services provider partners with Johnson County Schools to offer free access to the VTS platform to all district students.

Nerdy's (NRDY) VTS Partners With Johnson County Schools

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UNION, N.J.--(BUSINESS WIRE)--The Township of Union Public Schools today announced a exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the Schools, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of academic resources for school.

The Township of Union Public Schools Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

MOUNTAIN CITY, Tenn.--(BUSINESS WIRE)--Johnson County Schools today announced a exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the Schools, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of academic resources for school year.

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