LegalZoom reported a solid Q2 2022 with revenue of $163.9 million, a 9% increase year-over-year. Subscription revenue grew by 32% year-over-year. The company is actively managing expenses and realizing efficiencies from infrastructure investments.
Revenue was $163.9 million, up 9% year-over-year.
Subscription revenue increased by 32% year-over-year, reaching $91.3 million.
Net loss decreased to $13.2 million, compared to $38.4 million in 2021.
Cash and cash equivalents totaled $215.5 million with no debt outstanding.
LegalZoom expects revenue to be in the range of $149 million to $151 million for Q3 2022. Adjusted EBITDA is expected to be $16 million to $18 million. For the full year 2022, revenue is expected to be in the range of $612 million to $616 million. Subscription revenue is expected to grow more than 20% year-over-year. Adjusted EBITDA is expected to be $55 million.
Visualization of income flow from segment revenue to net income
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