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Jun 30, 2023
LegalZoom Q2 2023 Earnings Report
Reported a revenue increase of 4% year-over-year, driven by subscription growth and improved profitability.
Key Takeaways
LegalZoom announced its Q2 2023 results, with revenue reaching $168.9 million, a 4% increase year-over-year. The company reported net income of $1.4 million, a significant improvement from the net loss of $12.7 million in the same period last year. Adjusted EBITDA was $29.6 million, representing 18% of revenue.
Revenue increased by 4% year-over-year, reaching $168.9 million.
Subscription revenue grew by 12% year-over-year, totaling $102.2 million.
Net income improved to $1.4 million, compared to a net loss of $12.7 million in the same period last year.
Adjusted EBITDA increased to $29.6 million, representing 18% of revenue.
Revenue by Segment
Forward Guidance
LegalZoom provided guidance for Q3 2023 and updated its full-year 2023 outlook. The company expects Q3 revenue to be in the range of $159 million to $161 million and Adjusted EBITDA to be $26 million to $28 million. For the full year, LegalZoom now expects revenue to be in the range of $642 million to $652 million and Adjusted EBITDA to be $105 million to $110 million.
Positive Outlook
- Q3 revenue is expected to be in the range of $159 million to $161 million.
- Q3 Adjusted EBITDA is expected to be $26 million to $28 million.
- Full-year revenue is now expected to be in the range of $642 million to $652 million.
- Full-year Adjusted EBITDA is now expected to be $105 million to $110 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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