Nerdy's Q4 2021 revenue reached a record high of $42.0 million, a 27% increase year-over-year. The company's full-year revenue also hit a record of $140.7 million, representing a 35% increase year-over-year. The growth was fueled by strong demand in the direct-to-consumer business and the launch of Varsity Tutors for Schools.
Achieved record fourth quarter and full year revenues.
Experienced strong growth in the direct-to-consumer business.
Launched the institutional strategy with Varsity Tutors for Schools.
Active Learners increased by 46% year-over-year.
Nerdy provided revenue guidance for Q1 2022 and full year 2022. The company expects revenue in the range of $45-48 million for Q1 2022, representing a 34% increase at the midpoint from the year-ago quarter. For the full year 2022, the company expects revenue of $196-200 million, representing >40% growth at the midpoint vs. 2021 revenue.
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