Overview
Nerdy Q3 revenue of $37 mln, in line with expectations, down 1% yr/yr
Adjusted EBITDA loss of $10.2 mln
Company secures $50 mln term loan to enhance liquidity
Outlook
Nerdy expects Q4 2025 revenue between $45 mln and $47 mln
Nerdy forecasts full-year 2025 revenue between $175 mln and $177 mln
Company expects Q4 2025 non-GAAP adjusted EBITDA loss between $2 mln and breakeven
Result Drivers
AI PLATFORM LAUNCH - Launch of AI-native Live Learning Platform 2.0 enhanced user experience and contributed to operational improvements
COST CONTROLS - Improved adjusted EBITDA margins driven by cost controls and AI-enabled operations, per CEO Chuck Cohn
PRICE INCREASES - Sequential gross margin improvement due to price increases for new Consumer customers
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Adjusted Net Income | Beat | -$11.90 mln | -$18.11 mln (4 Analysts) |
Q3 Adjusted EBITDA | Beat | -$10.20 mln | -$11.83 mln (6 Analysts) |
Q3 Gross Margin | 62.90% |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy."
Wall Street's median 12-month price target for Nerdy Inc is $1.88, about 48.3% above its November 5 closing price of $0.97
Press Release: ID:nBw4cD4x7a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)