LegalZoom reported a 1% increase in revenue year-over-year, driven by subscription revenue growth of 5%. The company achieved a record net income of $11.1 million and an adjusted EBITDA of $47.1 million. They are focusing on subscription offerings and pricing updates to attract high-value customers.
Total revenue increased by 1% year-over-year, reaching $168.6 million.
Subscription revenue grew by 5% year-over-year, totaling $110.7 million.
Net income reached a record $11.1 million, representing 7% of revenue.
Adjusted EBITDA was $47.1 million, achieving a margin of 28%.
LegalZoom expects revenue between $158 million and $162 million and Adjusted EBITDA between $40 million and $44 million for the fourth quarter ending December 31, 2024. For the full year, LegalZoom anticipates revenue between $678 million and $682 million, Adjusted EBITDA between $144 million and $148 million, and Free cash flow between $80 million and $85 million.
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