Legalzoom.Com, Inc. ( (LZ) ) has released its Q3 earnings. Here is a breakdown of the information Legalzoom.Com, Inc. presented to its investors.
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LegalZoom.com, Inc., a leading online platform for business formation in the United States, provides comprehensive legal and compliance products for small business owners. In its third-quarter 2024 earnings report, LegalZoom announced a record net income of $11.1 million, with a 7% net income margin, and an adjusted EBITDA of $47.1 million, reflecting a strong financial performance. The company also reported subscription revenue growth of 5% year-over-year, driven by a strategic focus on subscription offerings and pricing updates. LegalZoom reduced its outstanding shares by 2% through $24.7 million in share repurchases and increased its share repurchase authorization by $40.0 million. Looking ahead, LegalZoom is committed to driving efficient growth and operational improvements while continuing to focus on its core legal and compliance offerings for small businesses and consumers.