LegalZoom reported a 7% increase in revenue to $165.9 million for Q1 2023. The company's net loss significantly decreased to $2.4 million, and adjusted EBITDA reached $21.9 million.
Revenue increased by 7% year-over-year to $165.9 million.
Subscription revenue grew by 15% year-over-year to $97.3 million.
Net loss improved to $2.4 million compared to $25.8 million in the same period last year.
Free cash flow increased to $21.8 million from $8.8 million year-over-year.
LegalZoom expects Q2 2023 revenue to be in the range of $166 million to $168 million and Adjusted EBITDA to be $27 million to $29 million. Full year 2023 revenue is expected to be in the range of $630 million to $650 million and Adjusted EBITDA to be $105 million.
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