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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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.

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 Needham Virtual Growth Conference on Jan. 12, 2023 at 11:00 a.m. ET / 10:00 a.m. CT. Chuck Cohn, Founder, Chairman, and Chief Executive Officer, and Jason Pello, Chief Financial Officer, will represent Nerdy at the conference.

Nerdy to Participate in Needham Virtual Growth Conference

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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 Raymond James Technology Investors Conference on Dec. 6, 2022 at 2:15 p.m. ET / 1:15 p.m. CT. Chuck Cohn, Founder, Chairman, and Chief Executive Officer, and Jason Pello, Chief Financial Officer, will represent Nerdy at the conference.

Nerdy to Participate in Raymond James Technology Investors Conference

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Nerdy Inc. (NYSE:NRDY ) Q3 2022 Earnings Conference Call November 14, 2022 5:00 PM ET Company Participants Molly Sorg – Head-Investor Relations Chuck Cohn – Founder, Chairman and Chief Executive Officer Jason Pello – Chief Financial Office Conference Call Participants Eric Sheridan – Goldman Sachs Ryan MacDonald – Needham Aaron Kessler – Raymond James Maria Ripps – Canaccord Doug Anmuth – JPMorgan Brett Knoblauch – Fitzgerald Andrew Boone – JMP Mario Lu – Barclays Greg Gibas – Northland Securities Operator Good afternoon. Thank you for attending today's Nerdy Third Quarter 2022 Results Conference Call.

Nerdy Inc. (NRDY) Q3 2022 Earnings Call Transcript

Nerdy Inc. (NRDY) delivered earnings and revenue surprises of 10% and 0.42%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Nerdy Inc. (NRDY) Reports Q3 Loss, Misses Revenue Estimates

ST. LOUIS--( BUSINESS WIRE )--Nerdy Inc. (NYSE: NRDY) today announced financial results for the third quarter ended September 30, 2022.

Nerdy Announces Third Quarter 2022 Financial Results

Nerdy's shares seem to be reasonably cheap now, considering its current valuation multiples and insider buys. NRDY should be able to warrant a higher valuation multiple, as it makes the transition from the old package model to the new membership model.

Nerdy: Focus On Valuations And New Membership Model

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced the company will release its third quarter financial results for the period ended September 30, 2022, after the U.S. stock market closes on Monday, November 14, 2022.

Nerdy to Announce Third Quarter 2022 Results on November 14, 2022

A massive insider stock purchase leads many investors to hit the buy button, too.

Why Nerdy Stock Was on Fire This Week

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 Goldman Sachs Communacopia + Technology Conference on Sept. 15, 2022 at 10:00 a.m. PT / 1:00 p.m. ET. 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 Nerdy's invest

Nerdy to Participate in Goldman Sachs Communacopia + Technology Conference in September

Shares of Nerdy (NYSE: NRDY ) are in the spotlight following a massive 5 million share purchase by CEO Charles Cohn. Nerdy operates as an online platform for live learning that leverages artificial intelligence (AI) to personalize learning lessons for individual users.

CEO Charles Cohn Just Bet Big on Nerdy (NRDY) Stock

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Nerdy, Inc. (NYSE:NRDY ) Q2 2022 Earnings Conference Call August 15, 2022 5:00 PM ET Company Participants Molly Sorg - Head, Investor Relations Chuck Cohn - Founder, Chairman and Chief Executive Officer Jason Pello - Chief Financial Officer Conference Call Participants Doug Anmuth - JPMorgan Andrew Boone - JMP Securities Ryan MacDonald - Needham Eric Sheridan - Goldman Sachs Maria Ripps - Canaccord Brett Knoblauch - Cantor Fitzgerald Mario Lu - Barclays Greg Gibas - Northland Securities Operator Good afternoon. Thank you for attending the Nerdy Second Quarter 2022 Results Conference Call.

Nerdy, Inc. (NRDY) CEO Chuck Cohn on Q2 2022 Results - Earnings Call Transcript

Nerdy Inc. (NRDY) delivered earnings and revenue surprises of -40% and 9.45%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

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

ST. LOUIS & CHICAGO--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), developer of Varsity Tutors, the popular online tutoring platform used by students from elementary school through college and adulthood, today announced that it is adding immersive coding classes to its fast-growing library of academic and enrichment programs. The acquisition of Codeverse, an award-winning creative online platform where kids build apps and games with real code, will enable Nerdy to meet the growing demand for comput

Nerdy Acquires Coding Education Startup as Demand for Computer Science Education Grows

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY) today announced financial results for the second quarter ended June 30, 2022. “During the second quarter, Nerdy made tremendous strides in advancing our product strategy that delivers on our ‘always on' vision for both consumer and institutional customers,” said Chuck Cohn, Founder, Chairman and Chief Executive Officer of Nerdy Inc. “With the rollout of Learning Memberships for consumers, and the launch of On Demand and Teacher Assigned offeri

Nerdy Announces Second Quarter 2022 Financial Results

ST. LOUIS--(BUSINESS WIRE)--Varsity Tutors, a Nerdy Inc. (NYSE: NRDY) company and developer of the popular online tutoring platform used by students from elementary school through college and beyond, today announced the launch of a teacher-assigned tutoring offering designed to enable educators to schedule live online face-to-face personalized tutoring for students who would benefit from additional, targeted intervention throughout the school year. The Teacher Assigned model will be rolling out

New Teacher-Driven Tutoring Enables Educators to “Prescribe” Additional Live Academic Support for Students at All Levels

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), parent company of Varsity Tutors, the popular online tutoring platform used by students from elementary school through college and adulthood, today announced the appointment of Stuart Udell to the company's Board of Directors. Udell brings extensive Education industry experience to the board, including previous CEO roles at Achieve3000, K12 Inc. (now Stride, Inc.), Catapult Learning, and Penn Foster. Udell's appointment comes as the company c

Nerdy Announces Appointment of Stuart Udell, Accomplished EdTech Executive, to Its Board of Directors

ST. LOUIS--(BUSINESS WIRE)--Varsity Tutors, a Nerdy Inc. (NYSE: NRDY) company, and developer of the popular online tutoring platform used by students from elementary school through college and adults, today announced Learning Memberships. This first-of-its-kind all-inclusive offering gives students access to a comprehensive array of learning resources to ensure students have personalized and ongoing learning support regardless of what they are learning, where they might need help, and how they

New “Learning Memberships” Allow Students to Receive Learning Support Throughout the School Year

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, 2022 after the U.S. stock market closes on Monday, August 15, 2022. 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 c

Nerdy to Announce Second Quarter 2022 Results on August 15, 2022

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Nerdy Inc. (NRDY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Nerdy Inc. (NRDY) Upgraded to Buy: Here's What You Should Know

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The online education company faces a major slowdown this year.

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