LegalZoom narrows FY24 revenue view to $678M-$682M from $675M-$685M

Consensus $680.49M. Raises FY24 adjusted EBITDA view to $144M-$148M from $135M-$145M. Noel Watson, LegalZoom’s (LZ) COO and CFO said, “Our strong execution drove third quarter results at or above the high-end of our outlook. We achieved a 28% Adjusted EBITDA margin driven by a higher mix of subscription revenue as well as lower expenses related to testing initiatives and our restructuring efforts. Looking ahead, we remain committed to investing in our business to drive efficient growth and operational improvements while driving durable margin expansion over time.”