Nerdy

In the first quarter, Nerdy’s focus on delivering enhancements to the Learning Membership experience is yielding positive engagement, retention and financial results in our Consumer business. Within our Institutional business, our team successfully enabled access to the Varsity Tutors for Schools platform for another 1.2 million students, bringing the total to 2.2 million students at over 475 school districts. For the full year, we have set an ambitious target of enabling access to the Varsity Tutors for Schools platform for 10 million students or approximately 20% of the K-12 population in the United States. Our full shareholder letter can be found here: https://lnkd.in/gWZtifJv Anthony Salcito Dan Lee Julian Merschen Rian Schilligo Jason H. Pello Christopher Swenson Woody Marshall Greg Mrva Rob Hutter Abigail Blunt Kai Ory Gabriel Bustamante Courtney Menges Al Castle Tracy Shepherd Jared Wolf Jaimin Gandhi Kyle Callaway Andrew Ketter Jeramy Keetch TJ Lynn

Nerdy Announces Fourth Quarter and Full Year 2023 Financial Results. Nerdy delivers revenue of $55.1 million in the fourth quarter, an increase of 32% year-over-year, capping the year by delivering accelerating sequential revenue growth each quarter in 2023. View details: https://lnkd.in/gryCRFG4

I’m proud of our team’s work over the past year to COMPLETELY evolve the Varsity Tutors for School product suite to better serve our school district customers. This video does a nice job of showing off our products and highlighting the scale of impact we’re making to help school districts have on students. We have some exciting improvements in store for 2024 as well. Check it out!  https://lnkd.in/gatWf-Ux Varsity Tutors, a Nerdy Company Nerdy Anthony Salcito Julian Merschen Kathleen Gillihan Philips Catherine Lewis Beaudoin Greg Mrva Woody Marshall Adam Weber Rian Schilligo Neena Volk Jeramy Keetch Jason H. Pello Christopher Swenson Dan Lee Tracy Shepherd Anthony Valenti Danielle Juris Jaimin Gandhi Kai Ory Mallory Dubus Sarah Marr

In the third quarter, our strong first half of the year continued and we delivered revenue and profitability ahead of our expectations. Both our Consumer and Institutional businesses saw strong demand in the quarter as the school year ramped, which combined with the operating leverage that we are receiving from our new ‘always on’ recurring revenue models and investments in AI, to also drive bottom line outperformance. Adjusted EBITDA increased by 2,300 basis points year-over-year. The pace of innovation remained high, with continued enhancements to Learning Memberships and the launch of two Varsity Tutors for Schools subscription products. The first, District Assigned, enables school administrators to centrally oversee high-dosage tutoring programs with flexible assignment and allocation tools built in. The second, Parent Assigned, allows K12 school districts to purchase Learning Memberships on behalf of their students, solves an important problem for many schools, and enables parents to have control and ownership of their child’s learning. For the full story, please check out our Shareholder Letter: https://lnkd.in/gzcivBuN Nerdy Varsity Tutors, a Nerdy Company Woody Marshall Rob Hutter Kathleen Gillihan Philips Catherine Lewis Beaudoin Greg Mrva Stuart Udell Adam Weber Jason H. Pello Rian Schilligo Julian Merschen Dan Lee Anthony Salcito Christopher Swenson Courtney Menges Tracy Shepherd Kai Ory Jared Wolf Jaimin Gandhi Andrew Ketter Kyle Callaway Ed Silva

Nerdy has announced our third quarter 2023 financial results! In the third quarter, our strong first half of the year continued and we delivered revenue and profitability ahead of our expectations. Q3 2023 Shareholder Letter: https://lnkd.in/gUWyjV6P

We’re excited to share that Nerdy Founder, Chairman, and CEO Chuck Cohn and CFO Jason H. Pello will be participating in Goldman Sachs Communacopia & Technology Conference. Learn how you can watch the fireside chat live on September 6th at 5:25 pm ET: https://lnkd.in/dYwubjCV 

Nerdy will release its second-quarter financial results after the U.S. stock market closes on Tuesday, August 8, 2023. Learn more: https://lnkd.in/d9ZExCVz