Nerdy

Nerdy, Inc. engages in the operation of a platform for live online learning with a mission to transform the way people learn through technology. The firm's purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Its learning destination provides learning experiences across multiple subjects and formats, including one-on-one instruction, small group classes, large format group classes, and adaptive self-study. Nerdy’s flagship business, Varsity Tutors, is a platform for live online tutoring and classes. Its solutions are available directly to learners, as well as through schools and other institutions. The company was founded by Chuck Cohn in October 2007 and is headquartered in St. Louis, MO.

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Earnings data Q4 2024

Nerdy exceeds Q4 revenue expectations, focuses on learning memberships

Nerdy's Q4 performance exceeded expectations, driven by learning memberships and institutional growth. The company's focus on AI-driven products and transitioning to memberships presents opportunities for revenue enhancement. Challenges remain in achieving EBITDA profitability and effectively transitioning consumer business.

Nerdy surpasses Q1 targets with strong revenue and AI-driven growth

Nerdy's Q1 performance exceeded expectations, driven by strong revenue, profitability, and customer engagement across learning memberships and institutional segments.
While facing margin challenges and condensed revenue assumptions, the company's focus on AI, marketing efficiency, and new product launches positions it well for sustained growth.
Opportunities lie in transitioning customers to recurring revenue, leveraging American rescue plan funds, and expanding AI applications in education to drive innovation and revenue.
Overall, Nerdy's strategic focus on AI, customer value, and market expansion sets a solid foundation for future growth and competitive positioning in the education technology sector.

Nerdy surpasses Q2 targets with strong membership and institutional growth

Nerdy's Q2 performance exceeded expectations, driven by strong learning membership revenue and institutional business growth.
Operational efficiency improvements, AI integration, and strategic marketing investments position Nerdy for continued success.
While challenges exist in market dynamics and managing growth-related costs, the company's focus on memberships and AI offers growth potential.

Nerdy beats Q3 expectations with strong revenue growth and profitability

Nerdy's Q3 performance exceeded expectations, driven by strong revenue growth and improved profitability.
The company's focus on new subscription models and customer flexibility has shown promising results.
Challenges lie in maintaining operational efficiency and balancing benefits for active experts.
Opportunities for growth include market expansion, product innovation, and leveraging AI algorithms for better outcomes.

Nerdy (NRDY) posts robust Q4 results, eyes profitable growth

Nerdy's Q4 2023 performance reflects strong revenue growth, margin improvement, and positive adjusted EBITDA, setting the stage for profitable growth in 2024.
The company's strategic focus on scaling subscription products, leveraging AI, and implementing a freemium growth strategy highlights its strengths and growth potential.
While facing challenges in retention, customer transition, and cost management, Nerdy is well-positioned to capitalize on opportunities in converging businesses, marketplace awareness, and product expansion.

Nerdy Inc. reports robust Q1 earnings, eyes growth opportunities ahead

Nerdy's Q1 performance reflects strong revenue growth, profitability, and positive outlook for future quarters, driven by successful product scaling and expansion efforts.
While facing challenges in strategy implementation and market dynamics, the company's strengths in revenue generation and customer reach position it well for growth.
With a focus on optimizing operations, enhancing marketing strategies, and seizing market opportunities, Nerdy is poised to capitalize on its current momentum.

Nerdy reports Q3 revenue decline, eyes growth opportunities in 2025

Nerdy faced revenue challenges in Q3 2024 but showed strengths in student engagement and customer retention efforts.
The company's cost management improved with decreased general and administrative expenses, balancing increased sales and marketing costs.
Guidance for Q4 revenue and adjusted EBITDA indicates expectations for sequential improvement and growth into 2025.

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Nerdy, Inc. engages in the business of operating a platform for live online learning. The firm is also involved in providing a purpose-built proprietary platform that leverages technology including artificial intelligence, to connect students, users, parents, guardians, and purchasers of all ages to tutors, instructors, subject matter experts, educators, and other professionals delivering superior value on both sides of the network. The company was founded by Charles K. Cohn in October 2007 and is headquartered in St. Louis, MO.

Nerdy, Inc. (NYSE:NRDY ) Q2 2024 Earnings Call August 8, 2024 5:00 PM ET Company Participants T.J. Lynn - Associate General Counsel Chuck Cohn - Founder, Chairman and Chief Executive Officer Jason Pello - Chief Financial Officer Conference Call Participants Ryan MacDonald - Needham Andrew Boone - JMP Securities Greg Gibas - Northland Securities Operator Good afternoon.

Nerdy, Inc. (NRDY) Q2 2024 Earnings Call Transcript

Nerdy Inc. (NRDY) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to earnings of $0.04 per share a year ago.

Nerdy Inc. (NRDY) Reports Q2 Loss, Misses Revenue Estimates

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY) today announced financial results for the second quarter ended June 30, 2024. “During the second quarter, we continued to scale the winning product for every Learner, expand the number of Learners we can impact and lay the foundation to deliver profitable growth. As we enter the back-to-school selling season, we are focused on ensuring our marketplace delivers an exceptional learning experience for our customers. We believe the recent converge.

Nerdy Announces Second Quarter 2024 Financial Results

KANSAS CITY, Mo. & ST. LOUIS--(BUSINESS WIRE)--Frontier Schools today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to Frontier Schools, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have access to tutoring and a rich set of aca.

Frontier Schools Announce Partnership With Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

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MERIDIAN, Idaho--(BUSINESS WIRE)--West Ada School District today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the District, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have access to tutoring and a rich set of academic res.

West Ada School District Announces Partnership With Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for All Students

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced the company will release its second quarter financial results for the period ended June 30, 2024 after the U.S. stock market closes on Thursday, August 8, 2024. Following the release, Nerdy management will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss the company's financial and operating results. Interested parties in the U.S. may listen to the.

Nerdy to Announce Second Quarter 2024 Results on August 8, 2024

Varsity Tutors for Schools, Nerdy's (NRDY) leading platform for live online tutoring, boosts market reach by partnering with Clarendon County School District, thus offering free platform access to students.

Nerdy (NRDY) Partners With Clarendon County School District

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MANNING, S.C.--(BUSINESS WIRE)--Clarendon County School District today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all District students with access to the Varsity Tutors for Schools platform at no cost to the District, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of powerful resources for school.

Clarendon County School District Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Learning Resources for All Students

ULYSSES, Kan.--(BUSINESS WIRE)--Ulysses USD 214 today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to Ulysses USD 214, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of powerful resources for school years to come.

Ulysses USD 214 Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Learning Resources for All Students

HAMTRAMCK, Mich.--(BUSINESS WIRE)--Hamtramck Public Schools today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all students with access to the Varsity Tutors for Schools platform at no cost to Hamtramck Public Schools, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of powerful resources for school y.

Hamtramck Public Schools Announce Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Learning Resources for All Students

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NORTON SHORES, Mich.--(BUSINESS WIRE)--Western Michigan Christian High School and Middle School today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the schools, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of.

Western Michigan Christian High School and Middle School Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Learning Resources for All Students

Nerdy's (NRDY) Varsity Tutors for Schools to enhance learning opportunities for Trinity Lutheran School students with on-demand resources and personalized tutoring support.

Nerdy's (NRDY) Online Tuitions Open for Trinity Lutheran School

CONKLIN, Mich. & ST. LOUIS--(BUSINESS WIRE)--Trinity Lutheran School today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all students with access to the Varsity Tutors for Schools platform at no cost to the Trinity Lutheran School, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of powerful resources.

Trinity Lutheran School Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Learning Resources for All Students

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GRAYVILLE, Ill. & ST. LOUIS--(BUSINESS WIRE)--Grayville Community School District 1 today announced a exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the district, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of powerful re.

Grayville Community School District 1 Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Learning Resources for All Students

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced that management will participate in a fireside chat at the J.P. Morgan Global Technology, Media and Communications Conference on May 22, 2024 at 8:40 a.m. ET / 7:40 a.m. CT. Chuck Cohn, Founder, Chairman, and Chief Executive Officer, and Jason Pello, Chief Financial Officer, will represent Nerdy at the conference. A live webcast of the fireside chat will be available on N.

Nerdy to Participate in J.P. Morgan Conference

WOODBURY HEIGHTS, N.J. & ST. LOUIS--(BUSINESS WIRE)--Gateway Regional School District today announced a exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the district, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of powerful.

Gateway Regional School District Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Learning Resources for All Students

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY) today announced financial results for the first quarter ended March 31, 2024. “In the first quarter, the convergence of subscription business models and access-based products across Consumer and Institutional is allowing us to simplify our business and focus our efforts and resulted in revenue and non-GAAP adjusted EBITDA exceeding our guidance range, as well as positive operating cash flow. We had meaningful progress on expanding our freemium.

Nerdy Announces First Quarter 2024 Financial Results

HALTOM, Texas & ST. LOUIS--(BUSINESS WIRE)--Birdville Independent School District today announced a exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform at no cost to the district, students or families. The partnership extends from now until June 30, 2030, ensuring students, educators and parents have a rich set of powerful reso.

Birdville Independent School District Announces Partnership with Varsity Tutors for Schools to Provide Live and On-Demand Learning Resources for All Students

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