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Dec 31, 2022
LegalZoom Q4 2022 Earnings Report
LegalZoom's financial performance saw revenue increase by 3% year-over-year, subscription revenue increased by 13%, and net income turned positive compared to a net loss in the same period last year.
Key Takeaways
LegalZoom reported Q4 2022 revenue of $146.6 million, a 3% increase year-over-year. Subscription revenue grew by 13% to $91.0 million. The company achieved a net income of $1.7 million, a significant improvement from the net loss of $(20.8) million in the same quarter of the previous year.
Revenue increased by 3% year-over-year to $146.6 million.
Subscription revenue increased by 13% year-over-year to $91.0 million.
Net income was $1.7 million, a significant improvement from the prior year's net loss of $(20.8) million.
Adjusted EBITDA was $26.5 million, compared to $7.0 million for the same period in 2021.
Revenue by Segment
Forward Guidance
LegalZoom provided guidance for Q1 2023 and full year 2023.
Positive Outlook
- Revenue for Q1 2023 is expected to be in the range of $153 million to $157 million.
- Adjusted EBITDA for Q1 2023 is expected to be $17 million.
- Revenue for the full year 2023 is expected to be in the range of $620 million to $640 million.
- Adjusted EBITDA for the full year 2023 is expected to be $100 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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