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Nerdy (NRDY)
NYSE:NRDY
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.09Last Year’s EPS
0.06Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 28, 2022
|% Change Since: 101.12%
|Next Earnings Date:Nov 15, 2021
Earnings Call Sentiment|Neutral
The earnings call reflects a mix of positive developments in customer retention and engagement, along with challenges such as revenue decline and lower-than-expected Institutional bookings. Strategic initiatives are showing promise, but financial metrics indicate areas needing improvement.Company Guidance
During Nerdy, Inc.'s Q3 2024 earnings call, the company provided guidance on several key metrics. They reported a revenue of $37.5 million for the quarter, marking a 7% year-over-year decrease, primarily due to lower average revenue per member (ARPM) in the Consumer business. The Consumer Learning Memberships' subscription revenue accounted for 84% of total company revenue, with active members reaching 39,700, a 1% increase from the previous year. The ARPM increased to $302 as of September 30, up from $281 at the end of the second quarter. The Institutional business contributed $5.4 million in revenue, representing 14% of total revenue. The company executed 117 contracts in the quarter, a 46% year-over-year increase, though these contracts yielded $8.5 million in bookings, which was below expectations. For the fourth quarter of 2024, Nerdy provided revenue guidance in the range of $44 million to $47 million and adjusted EBITDA guidance between negative $7 million and negative $10 million. For the full year, expected revenue is between $186 million and $189 million, with adjusted EBITDA ranging from negative $23 million to negative $26 million.Enhanced Customer Experience Leading to Higher Retention
Key enhancements to the onboarding process have led to improved customer satisfaction and retention, with higher average revenue per month and better engagement with non-tutoring products.
Increase in Active Members and Improved ARPM
Active members increased by 1% year-over-year, and ARPM improved from $281 at the end of Q2 to $302 at the end of Q3, expected to reach $310 by year-end.
Successful Institutional Strategy
Enabled platform access for an additional 1.1 million students, bringing the total to 4.4 million across nearly 900 school districts, with 32% of paid contracts originating from free platform access.
Improved Sales and Marketing Efficiency
Customer acquisition costs decreased by about $1.4 million or 8% year-over-year in Q3, contributing to a 14% decrease in CAC overall.
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NRDY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NRDY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $0.89 | $0.82 | -7.87% |
| Aug 08, 2024 | $1.59 | $0.82 | -48.43% |
| May 07, 2024 | $2.65 | $2.42 | -8.68% |
| Feb 27, 2024 | $3.05 | $2.49 | -18.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nerdy (NRDY) report earnings?
Nerdy (NRDY) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Nerdy (NRDY) earnings time?
Nerdy (NRDY) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NRDY EPS forecast?
NRDY EPS forecast for the fiscal quarter 2024 (Q4) is -0.09.
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