Nerdy, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2024
May 07, 2024 at 04:01 pm
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Nerdy, Inc. provided earnings guidance for the second quarter and full year of 2024. For the quarter, the company expects revenue to be in the range of $50 million to $52 million.
For the full year, the company expects revenue to be in the range of $232 million to $246 million; representing accelerating year-over-year growth of 24% at the midpoint vs. 2023 revenue of $193 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. 
