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 Q3 2024

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.

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced the company will present virtually at the Barclays Global Technology, Media and Telecommunications Conference on Wednesday, December 8 at 4:45PM Eastern Standard Time. The Company will be represented at the conference by Chuck Cohn, Founder, Chairman and Chief Executive Officer, and Jason Pello, Chief Financial Officer. A webcast of the event will be available on the Comp

Nerdy To Participate Virtually At Barclays Global Technology, Media and Telecommunications Conference

Nerdy, Inc. (NRDY) CEO Chuck Cohn on Q3 2021 Results - Earnings Call Transcript

ST. LOUIS--(BUSINESS WIRE)--Nerdy (NYSE: NRDY) today announced financial results for the third quarter ended September 30, 2021. “As students returned to classrooms across the country, we experienced record bookings in the quarter, along with continued strong performance in our key operating metrics. This increased demand validates a long-held understanding we've had about our business: when learning and outcomes matter to students, our business accelerates,” said Chuck Cohn, Founder, Chairman

Nerdy Announces Third Quarter 2021 Financial Results

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced the company will release third quarter 2021 financial results after the U.S. stock market closes on Monday, November 15, 2021. Following the release, Nerdy management will host a conference call and webcast at 5:00 p.m. Eastern Time. Interested parties may listen to the call by dialing 1-844-200-6205 or, for international callers, 1-646-904-5544. The Conference ID is 3365

Nerdy Announces Third Quarter Fiscal 2021 Earnings Release Date, Conference Call and Webcast

This SPAC-backed online education company hasn't impressed the market.

Is Nerdy Stock a Buy?

The shares of Nerdy, Inc. (NYSE: NRDY) have received a $13 price target from Raymond James. These are the details.

NRDY Stock: $13 Price Target From Raymond James

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