Nerdy, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2023
November 07, 2023 at 04:01 pm
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Nerdy, Inc. provided earnings guidance for the fourth quarter and full year of 2023. For the fourth quarter of 2023, the company expects revenue in a range of $54 million to $56 million, representing 32% growth at the midpoint vs. its fourth quarter 2022 revenue of $41.8 million.
For the full year, the company expects revenue in a range of $192 million to $194 million, representing 19% growth at the midpoint vs. its 2022 revenue of $162.7 million.
Nerdy Inc. operates a platform for live online learning. The Companyâs platform leverages technology, including artificial intelligence (AI), to connect students, users, parents, guardians, and purchasers of all ages to tutors, instructors, subject matter experts, educators, and other professionals. Its comprehensive learning destination provides learning experiences across numerous subjects and multiple formats, including one-on-one instruction, small group tutoring, large format classes, tutor chat, essay review, adaptive assessments, and self-study tools. The Companyâs flagship business, Varsity Tutors LLC (Varsity Tutors), is a platform for live online tutoring and classes. Its solutions are available directly to learners, as well as through education systems. Its offerings also include Varsity Tutors for Schools, a product suite that leverages its platform capabilities to offer high dosage tutoring and its online learning solutions to institutions.
NERDY, INC. 
