LegalZoom.com, Inc. (NASDAQ: LZ) saw its stock price surge 11.72% in after-hours trading on Wednesday following the release of its impressive first-quarter 2025 financial results. The legal technology company not only beat analyst estimates but also announced an increase in its share repurchase authorization, signaling confidence in its future performance.
The company reported first-quarter revenue of $183.1 million, surpassing the IBES estimate of $177.1 million and marking a 5% year-over-year increase. Subscription revenue, a key focus area for LegalZoom, grew by 8% to reach $116.3 million. The company's Adjusted EBITDA came in at $37 million, exceeding the IBES estimate of $34.9 million and representing a substantial 33% year-over-year growth.
LegalZoom's strong performance was attributed to accelerating subscription growth and the success of its subscription initiatives. CEO Jeff Stibel expressed confidence in the company's execution, reiterating the full-year revenue outlook of 5% year-over-year growth. Adding to investor enthusiasm, LegalZoom announced a $100 million increase in its share repurchase authorization, bringing the total remaining authorization to approximately $150 million. This move, coupled with the company's solid financial results and positive outlook, likely contributed to the significant after-hours stock price jump.
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