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.
LegalZoom provided financial guidance for Q1 2024 and full year 2024.
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