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Dec 31, 2023
LegalZoom Q4 2023 Earnings Report
LegalZoom's financial performance improved with increased revenue and net income.
Key Takeaways
LegalZoom reported an 8% increase in revenue to $158.7 million for the fourth quarter of 2023, with subscription revenue up 17%. Net income increased significantly to $7.4 million, and adjusted EBITDA reached $33.4 million.
Revenue increased by 8% year-over-year to $158.7 million.
Subscription revenue grew by 17% year-over-year to $106.7 million.
Net income rose to $7.4 million, compared to $1.7 million in the same period of the previous year.
Adjusted EBITDA increased to $33.4 million, representing 21% of revenue.
Revenue by Segment
Forward Guidance
LegalZoom provided financial guidance for Q1 2024 and full year 2024.
Positive Outlook
- Revenue for Q1 2024 is expected to be in the range of $172 million to $176 million.
- Adjusted EBITDA for Q1 2024 is expected to be in the range of $25 million to $27 million.
- Revenue for the full year 2024 is expected to be in the range of $700 million to $720 million.
- Adjusted EBITDA for the full year 2024 is expected to be in the range of $135 million to $145 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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