LegalZoom reported a 12% increase in revenue year-over-year, driven by a strong performance in subscription revenue. The company is focused on strategic investments to capitalize on market opportunities and maintain a long-term, growth-oriented mindset.
Revenue increased by 12% year-over-year to $147.9 million.
Subscription revenue grew by 24% year-over-year, reaching $73.3 million.
The company had 1,264,000 subscription units as of September 30, 2021, with 49,000 net units added in the quarter.
Net loss was $39.7 million, compared to a net income of $9.4 million in the third quarter of 2020.
LegalZoom provided guidance for the fourth quarter and full year 2021.
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