Business
Nerdy Announces First Quarter 2025 Financial Results
ST. LOUIS, May 08, 2025--Nerdy Inc. (NYSE: NRDY) today announced financial results for the first quarter ended March 31, 2025.
About this update from Nerdy Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/45e6ef76af064de67508653483a446e0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/0A8_6Z59OfAEj_CkNcB12g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTk2MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/45e6ef76af064de67508653483a446e0","width":480,"height":480}},"lazy":false},{"type":"text","content":"Nerdy announces the launch of Live + AI™ — a next-generation, AI-enhanced tutoring platform designed to accelerate learning.","length":124,"tagName":"p","attribs":{}},{"type":"text","content":"Nerdy beats the top end of revenue guidance in the first quarter; increases the low end of the revenue range for the full year; and reaffirms adjusted EBITDA guidance for the full year.","length":185,"tagName":"p","attribs":{}},{"type":"text","content":"ST. LOUIS, May 08, 2025--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY) today announced financial results for the first quarter ended March 31, 2025.","length":143,"tagName":"p"},{"type":"text","content":""Our first-quarter results underscore the power of our Live + AI™ platform and our disciplined focus on high-quality, recurring revenue," said Chuck Cohn, Founder and CEO of Nerdy. "By pairing the empathy of expert educators with proprietary AI, we’re driving stronger engagement and higher retention – all while positioning Nerdy to deliver sustainable, profitable growth in the quarters ahead."","length":416,"tagName":"p"},{"type":"text","content":"Please visit the Nerdy investor relations website https://www.nerdy.com/investors to view the Nerdy Q1 Shareholder Letter on the Quarterly Results Page.","length":152,"tagName":"p"},{"type":"text","content":"First Quarter Financial Highlights:","length":35,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue Beat the Top End of Guidance Range – In the first quarter, Nerdy delivered revenue of $47.6 million, above the top end of our guidance range of $45 to $47 million, which represented a decrease of 11% year-over-year from $53.7 million during the same period in 2024. Consistent with expectations, revenue declined when compared to the prior year period primarily due to a lower number of Learning Memberships,...