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.

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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.

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Nerdy, Inc. (NRDY) Q4 2023 Earnings Call Transcript

Nerdy Inc. (NRDY) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to break-even earnings per share a year ago.

Nerdy Inc. (NRDY) Reports Q4 Loss, Tops Revenue Estimates

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY) today announced financial results for the fourth quarter and year ended December 31, 2023. “In the fourth quarter, we completed the evolution to access-based subscription products in our Consumer and Institutional businesses, while delivering accelerating revenue growth each quarter throughout the year that culminated in 32% year-over-year growth in the fourth quarter, and 19% year-over-year growth for the full year. Our business model changes.

Nerdy Announces Fourth Quarter and Full Year 2023 Financial Results

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ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced that management will participate in a fireside chat at the Citizens JMP Technology Conference on March 5, 2024 at 3:00 p.m. ET / 12:00 p.m. PT. Chuck Cohn, Founder, Chairman, and Chief Executive Officer, and Jason Pello, Chief Financial Officer, will represent Nerdy at the conference. A live webcast of the fireside chat will be available on Nerdy's investor relations webs.

Nerdy to Participate in Citizens JMP Technology Conference

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced that management will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2024 at 7:20 p.m. ET / 4:20 p.m. PT. Chuck Cohn, Founder, Chairman, and Chief Executive Officer, and Jason Pello, Chief Financial Officer, will represent Nerdy at the conference. A live webcast of the fireside chat will be available on Nerdy's i.

Nerdy to Participate in Morgan Stanley Conference

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ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced the company will release its fourth quarter and full year financial results for the period ended December 31, 2023 after the U.S. stock market closes on Tuesday, February 27, 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.

Nerdy to Announce Fourth Quarter and Full Year 2023 Results on February 27, 2024

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ST. LOUIS--(BUSINESS WIRE)--The Michigan Association of Intermediate School Advisors (MAISA) on Friday announced Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for high-impact live online tutoring, was selected as a vetted provider for school districts pursuing funding through the 23g MI Kids Back on Track Grant Program. Districts that use state grant funds administered by MAISA to select Varsity Tutors as their vendor will have access to multiple implementati.

Michigan Association of Intermediate School Advisors (MAISA) Selects Varsity Tutors for Schools as Vetted Approved Provider for the 23g MI Kids Back on Track Grant Program

Nerdy, Inc. is an online tutoring platform that has transitioned into a recurring revenue model, offers scalable membership solutions, and invests in AI functionality. The company has upsold its products to offer high-dosage tutoring on a district, teacher, and parent level, and has incorporated AI to increase engagement. Nerdy has seen impressive YoY revenue growth, record-breaking gross profit margins, and a threefold increase in average revenue per member per month.

Nerdy: A Small-Cap With Impressive YoY Revenue Growth And Record-Breaking Gross Profit Margins

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced that management will participate in a fireside chat at the Needham Growth Conference on January 16, 2024 at 12:45 p.m. ET / 11:45 a.m. CT. Chuck Cohn, Founder, Chairman, and Chief Executive Officer, and Jason Pello, Chief Financial Officer, will represent Nerdy at the conference. A live webcast of the fireside chat will be available on Nerdy's investor relations website a.

Nerdy to Participate in Needham Growth Conference

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Nerdy Inc. (NRDY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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News for Nerdy Stock (NRDY)