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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NEW YORK , Nov. 27, 2023 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Nerdy, Inc. (NYSE: NRDY) on behalf of the company's shareholders. The investigation seeks to determine whether Nerdy's directors breached their fiduciary duties in connection with recent corporate actions that have caused a decline in Nerdy's stock price.

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Nerdy, Inc. (NYSE: NRDY)

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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 Raymond James TMT and Consumer Conference on December 5, 2023 at 2:50 p.m. ET / 1:50 p.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 relat.

Nerdy to Participate in Raymond James TMT and Consumer Conference

The heavy selling pressure might have exhausted for Nerdy Inc. (NRDY) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

After Plunging -21.56% in 4 Weeks, Here's Why the Trend Might Reverse for Nerdy Inc. (NRDY)

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The online education purveyor missed analyst net loss estimates in its third quarter. It beat on revenue, but only marginally.

Why Nerdy Stock Was Massively Unpopular Today

Nerdy, Inc. (NYSE:NRDY ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants TJ Lynn - Associate General Counsel Chuck Cohn - Founder, Chairman & Chief Executive Officer Jason Pello - Chief Financial Officer Conference Call Participants Matt Shea - Needham Bryan Smilek - JPMorgan Operator Hello, everyone, and welcome to the Nerdy, Inc. Third Quarter 2023 Earnings Call. My name is Felicia, and I will be your operator today.

Nerdy, Inc. (NRDY) Q3 2023 Earnings Call Transcript

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY) today announced financial results for the third quarter ended September 30, 2023. “In the third quarter, our strong first half of the year continued and we delivered revenue and profitability ahead of our expectations. Both our Consumer and Institutional businesses saw strong demand in the quarter as the school year ramped, which combined with the operating leverage that we are receiving from our new ‘always on' recurring revenue models and in.

Nerdy Announces Third Quarter 2023 Financial Results

NRDY's annual revenue could potentially grow from under $200 million now to $1 billion or more in the long term. The upper end of Nerdy's management guidance points to expectations of EBITDA breakeven for full-year FY 2023; NRDY thinks that its future EBITDA margin could eventually improve to 25%-30%. NRDY is still rated as a Buy in view of its long term potential.

Nerdy: Staying Bullish On Long-Term Potential

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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 third quarter financial results for the period ended September 30, 2023 after the U.S. stock market closes on Tuesday, November 7, 2023. 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 to.

Nerdy to Announce Third Quarter 2023 Results on November 7, 2023

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Nerdy Inc. (NRDY) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -16.47% in 4 Weeks, Here's Why You Should You Buy the Dip in Nerdy Inc. (NRDY)

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ST. LOUIS--(BUSINESS WIRE)--In a significant move to bolster academic recovery and accelerate learning for New Jersey students, Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the premier platform for live online tutoring, has been selected by the New Jersey Department of Education as an approved pre-qualified tutoring provider for the state's 2023/2024 High-Impact Tutoring Program. This initiative, tailored to assist students disproportionately affected by the pandemic, with a spe.

New Jersey Department of Education Selects Varsity Tutors for State's High-Impact Tutoring Program

I deem Nerdy's shares to be attractively valued, based on an evaluation of the stock's valuation multiples and the company's growth outlook. Both NRDY's Consumer and Institutional business segments have strong growth prospects as per key metrics revealed by the company at recent investor events. I still award a Buy rating to Nerdy, as the company's shares have the potential to rise further.

Nerdy Stock: Still Has Legs To Run

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 Goldman Sachs Communacopia & Technology Conference on September 6, 2023 at 5:25 p.m. ET / 4:25 p.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.

Nerdy to Participate in Goldman Sachs Communacopia & Technology Conference

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ST. LOUIS--(BUSINESS WIRE)--Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, is proud to announce its selection by the Ohio Department of Education to provide high-quality tutoring services for Future Forward Ohio. The collaboration aims to accelerate learning in literacy and numeracy while boosting workforce readiness and student wellness. Varsity Tutors for Schools has been appointed by the Ohio State Department of Education after und.

Ohio Department of Education Partners with Varsity Tutors to Accelerate Student Learning and Recovery

Nerdy, Inc. (NYSE:NRDY ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants TJ Lynn - Associate General Counsel Chuck Cohn - Founder, Chairman and Chief Executive Officer Jason Pello - Chief Financial Officer Conference Call Participants Bryan Smilek - JPMorgan Matt Shea - Needham Andrew Boone - JMP Securities Operator Good afternoon. Thank you for attending today's Nerdy, Inc. Second Quarter 2023 Earnings Call.

Nerdy, Inc. (NRDY) Q2 2023 Earnings Call Transcript

Nerdy Inc. (NRDY) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of a loss of $0.16 per share. This compares to loss of $0.21 per share a year ago.

Nerdy Inc. (NRDY) Q2 Earnings and Revenues Surpass Estimates

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY) today announced financial results for the second quarter ended June 30, 2023. “Our strong start to the year continued into the second quarter. The business model improvements stemming from our new ‘always on' offerings, combined with the application of AI, drove revenue and adjusted EBITDA outperformance relative to our guidance.” said Chuck Cohn, Founder, Chairman and Chief Executive Officer of Nerdy Inc. “We are pleased to report that our Co.

Nerdy Announces Second Quarter 2023 Financial Results

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced the company will release its second quarter financial results for the period ended June 30, 2023 after the U.S. stock market closes on Tuesday, August 8, 2023. 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 to the c.

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