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Mar 31, 2022
LegalZoom Q1 2022 Earnings Report
LegalZoom's Q1 2022 results were announced, demonstrating revenue growth and strategic progress.
Key Takeaways
LegalZoom reported a 15% year-over-year increase in revenue to $154.2 million for Q1 2022. Subscription revenue grew by 29% year-over-year. The company had $247.5 million in cash and no debt outstanding as of March 31, 2022.
Revenue increased by 15% year-over-year, reaching $154.2 million.
Subscription revenue grew by 29% year-over-year, totaling $84.4 million.
The company launched the first iteration of its segmented line-up formation experience and announced a new partnership with Wix.
LegalZoom had $247.5 million in cash with no debt outstanding.
Free cash flow was $8.8 million.
Revenue by Segment
Forward Guidance
LegalZoom provided guidance for Q2 2022 and maintained its full-year 2022 guidance.
Positive Outlook
- Revenue for Q2 2022 is expected to be in the range of $162 million to $164 million.
- Adjusted EBITDA for Q2 2022 is expected to be $10 million to $12 million.
- Full-year 2022 revenue is expected to be in the range of $650 million to $660 million.
- Subscription revenue is expected to grow approximately 25% year-over-year for full year 2022.
- Adjusted EBITDA for full year 2022 is expected to be $48 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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