Nerdy, Inc. (NRDY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Your host, TJ Lin, Associate General Consult of NERDI, you may proceed. Good afternoon, and thank you for joining us for NERDI's second quarter 2025 earnings call. With me are Chuck Cohn, Founder, Chairman, and Chief Executive Officer of NERDI, and Jason Fellow, Chief Financial Officer. Before I turn this over to Chuck, I'll remind everyone that this discussion will contain forward-looking statements, including but not limited to expectations with respect to NERDI's future financial and operating results, strategy, opportunities, plans, and outlook. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Any forward-looking statements are made as of today's date, and NERDI does not undertake or accept any obligation to publicly release any updates or revisions to any forward-looking statements to reflect any change in expectations or any change in events, conditions, or circumstances on which any such statement is based. Please refer to the disclaimers in today's shareholder letter announcing NERDI's second quarter results and the company's filings with the SEC for discussion of the risks. Not all of the financial measures that we will discuss today are prepared in accordance with GAAP. Please refer to today's shareholder letter for reconciliations of these non-GAAP measures. With that, let me turn the call over to Chuck. Thanks, TJ, and thank you to everyone for joining today's call. For years, we've pursued a vision where AI supercharges the human element of learning, giving tutors, students, and teachers superpowers to teach, learn, and achieve at levels beyond what humans or AI could do on their own. We made meaningful progress on our Live Plus AI vision over the past...