tiprankstipranks
Nerdy reports Q3 EPS (21c), consensus (29c)
The Fly

Nerdy reports Q3 EPS (21c), consensus (29c)

Reports Q3 revenue $31.8M, consensus $31.8M. "Two quarters ago we unveiled an ambitious plan to evolve our products and revenue model to be oriented toward long-term recurring relationships with customers. In the third quarter our team continued to execute at a high level during the back-to-school season against this vision," said Chuck Cohn, Founder, Chairman and Chief Executive Officer of Nerdy Inc. "We are pleased to report that the new Learning Memberships business model has exceeded our expectations and validated our underlying assumptions about the favorable customer engagement and unit-level economics. As of September 30th, Learning Memberships has grown to $50M in annualized run-rate revenue. Given our strong results, we remain confident in becoming profitable by the end of 2023."

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles