Customer EngagementHigher-frequency customers are exhibiting deeper engagement across both tutoring and non-tutoring modalities, higher ARPM, and better retention.
Financial PerformanceNerdy delivered what is characterized as an inline quarter coming in with mild expectations following a cut in guidance last period; results exceeded FactSet consensus expectations on revenue, operating income/margin, EPS and free cash flow.
Growth PotentialNerdy's effort in building the pipeline of institutional students with platform access to 4.4 million will serve the company well as this cohort will eventually be converted to paying customers.