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An update from LegalZoom ( (LZ) ) is now available.
LegalZoom’s third quarter of 2024 showcases a 5% year-over-year growth in subscription revenue, reaching $110.7 million, contributing to a record net income of $11.1 million and a 28% adjusted EBITDA margin. The company made significant strides in enhancing its subscription business and optimizing pricing, resulting in a strong financial performance, including a 2% reduction in outstanding shares through a $24.7 million share repurchase. LegalZoom remains focused on its core offerings and aims to attract high-value customers for continued growth.
For detailed information about LZ stock, go to TipRanks’ Stock Analysis page.