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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ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), one of the nation's largest platforms for live online tutoring and classes, today announced that its flagship offering for schools, Varsity Tutors for Schools, has been selected as the winner of the “Best Student Personalization Solution” award in the fourth annual EdTech Breakthrough Awards program conducted by EdTech Breakthrough, a leading market intelligence organization that recognizes the top companies and solutions in the global educat

Varsity Tutors Recognized With EdTech Breakthrough Award For “Best Student Personalization Solution”

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ST. LOUIS & WASHINGTON--(BUSINESS WIRE)--Varsity Tutors, a Nerdy Inc. (NYSE: NRDY) company, and one of the nation's largest platforms for live online tutoring and classes, today announced a new collaboration with the Smithsonian Institution that will give people around the world free access to Smithsonian content. On Tuesday, May 24th at 7 pm ET, the Smithsonian will spotlight select content from the National Museum of Natural History in a large group online class hosted by Varsity Tutors, “Liv

Smithsonian Institution and Varsity Tutors Team Up for a Free Paleontology Class for Learners Around the World

Nerdy's expectation for decelerating growth spooked some investors. But management has a good excuse.

Why Nerdy Stock Took a Hit on Tuesday

Nerdy Inc. (NYSE:NRDY ) Q1 2022 Results Conference Call May 16, 2022 5:00 PM ET Company Participants Molly Sorg - Head, IR Chuck Cohn - Founder, Chairman and CEO Jason Pello - CFO Conference Call Participants Ryan MacDonald - Needham Eric Sheridan - Goldman Sachs Maria Ripps - Canaccord Doug Anmuth - JP Morgan Andrew Boone - JMP Securities Aaron Kessler - Raymond James Brett Knoblauch - Cantor Fitzgerald Mario Lu - Barclays Greg Gibas - Northland Securities Operator Good afternoon. My name is Hannah, and I will be your conference operator today.

Nerdy Inc. (NRDY) CEO Chuck Cohn on Q1 2022 Results - Earnings Call Transcript

Nerdy Inc. (NRDY) delivered earnings and revenue surprises of 8.70% and 0.29%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Nerdy Inc. (NRDY) Reports Q1 Loss, Lags Revenue Estimates

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY) today announced financial results for the first quarter ended March 31, 2022. “In the first quarter we continued the momentum experienced in 2021, as we once again delivered record bookings and revenue for the quarter,” said Chuck Cohn, Founder, Chairman and Chief Executive Officer of Nerdy Inc. “We are excited about the growing opportunity to deliver learning solutions that are oriented toward more comprehensive and recurring relationships wi

Nerdy Announces Record First Quarter 2022 Financial Results

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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 first quarter financial results for the period ended March 31, 2022 after the U.S. stock market closes on Monday, May 16, 2022. 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 call

Nerdy to Announce First Quarter 2022 Results on May 16, 2022

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Nerdy, Inc. (NRDY) CEO Chuck Cohn on Q4 2021 Results - Earnings Call Transcript

Nerdy Inc. (NRDY) delivered earnings and revenue surprises of 229.41% and 0.87%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Nerdy Inc. (NRDY) Tops Q4 Earnings and Revenue Estimates

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY) today announced financial results for the fourth quarter and full year ended December 31, 2021. “2021 was a transformational year for Nerdy, which concluded with us delivering all-time record high bookings and revenue in both the fourth quarter and the full-year,” said Chuck Cohn, Founder, Chairman and Chief Executive Officer of Nerdy Inc. “Our direct-to-consumer business continues to experience strong demand across all of our customer audienc

Nerdy Announces Record Fourth Quarter and Full Year 2021 Financial Results

Nerdy Inc. (NRDY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Nerdy Inc. (NRDY) Report Negative Earnings Next Week? What You Should Know

ST. LOUIS--(BUSINESS WIRE)--Nerdy to Announce Fourth Quarter and Full Year 2021 Results on Feb. 28, 2022

Nerdy to Announce Fourth Quarter and Full Year 2021 Results on Feb. 28, 2022

Nerdy is an online learning platform that connects subject matter experts with learners focusing on academic prep and standardized test training. The 'Varsity Tutors' brand has gained momentum with solid operating trends.

Nerdy, Inc.: Bullish On The 'Learning Platform As-A-Service'

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced that Varsity Tutors has been named to FlexJobs' 9th annual list of the Top 100 Companies to Watch for Remote Jobs in 2022. The list is based on an analysis of approximately 57,000 companies and their remote job posting histories in the FlexJobs database between January 1, 2021, and December 31, 2021. Varsity Tutors ranks sixth on the list of 100 companies that had the hig

Varsity Tutors Named a Top 100 Company to Watch for Remote Jobs in 2022

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ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced that Molly Sorg has joined as Vice President and Head of Investor Relations, where she will help drive Nerdy's financial market strategies and serve as the primary point of contact for investors and analysts. “As a newly publicly-traded company, establishing a strong IR function will be critical to our success, and Molly has the track record that will help us effectively

Nerdy Appoints Molly Sorg as Vice President and Head of Investor Relations

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced that former U.S. Deputy Secretary of Education William “Bill” D. Hansen has been named Senior Advisor, Institutional Strategy, and will support the company's efforts to further build and scale its K12 institutional offerings. The appointment follows the launch of Varsity Tutors for Schools, a new offering that provides school districts with direct access to a suite of the

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