NASDAQ$LZ
Legalzoomcom Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported a revenue increase of 4% year-over-year, driven by subscription growth and improved profitability.
LegalZoom announced its Q2 2023 results, with revenue reaching $168.9 million, a 4% increase year-over-year. The company reported net income of $1.4 million, a significant improvement from the net loss of $12.7 million in the same period last year. Adjusted EBITDA was $29.6 million, representing 18% of revenue.
- Revenue increased by 4% year-over-year, reaching $168.9 million.
- Subscription revenue grew by 12% year-over-year, totaling $102.2 million.
- Net income improved to $1.4 million, compared to a net loss of $12.7 million in the same period last year.
- Adjusted EBITDA increased to $29.6 million, representing 18% of revenue.
Headline financials
Revenue & EPS history
LegalZoom · Revenue · Quarterly
$169M
Revenue by segment
LegalZoom · $163M total across 2 segments · Q2 2023
- Subscription revenue$102M+11.9%62.8%
- Transaction revenue$60.5M-9.0%37.2%
Forward guidance
LegalZoom provided guidance for Q3 2023 and updated its full-year 2023 outlook. The company expects Q3 revenue to be in the range of $159 million to $161 million and Adjusted EBITDA to be $26 million to $28 million. For the full year, LegalZoom now expects revenue to be in the range of $642 million to $652 million and Adjusted EBITDA to be $105 million to $110 million.
Tailwinds
- Q3 revenue is expected to be in the range of $159 million to $161 million.
- Q3 Adjusted EBITDA is expected to be $26 million to $28 million.
- Full-year revenue is now expected to be in the range of $642 million to $652 million.
- Full-year Adjusted EBITDA is now expected to be $105 million to $110 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+3.6%
Avg return
Earnings day
+3.0%
Avg return
5 days after
+1.7%
Avg return
30 days after
45%
10 / 22 earnings
Positive
+30.1%
Q1 2023
Best reaction
-23.0%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.7% | -1.9% | -8.8% | |
| Q4 2025 | -6.7% | -7.1% | -12.2% | |
| Q3 2025 | +7.5% | -0.5% | -7.8% | |
| Q1 2025 | +23.2% | +31.2% | +26.5% | |
| Q4 2024 | +13.2% | +14.2% | -0.5% | |
| Q3 2024 | +22.0% | +11.0% | +8.5% | |
| Q2 2024 | -0.5% | -5.1% | +9.4% | |
| Q1 2024 | -23.0% | -17.2% | -29.7% | |
| Q4 2023 | +15.2% | +19.1% | +34.7% | |
| Q3 2023 | +8.1% | +5.2% | +5.7% | |
| Q2 2023 | -21.2% | -18.7% | -36.0% | |
| Q1 2023 | +30.1% | +29.4% | +53.8% | |
| Q4 2022 | -0.8% | -1.6% | +7.8% | |
| Q3 2022 | +27.3% | +20.9% | +8.9% | |
| Q2 2022 | +14.9% | +9.3% | +1.7% | |
| Q1 2022 | +9.5% | +4.8% | +19.0% | |
| Q4 2019 | -2.4% | -0.9% | -1.4% | |
| Q4 2021 | -3.1% | +5.0% | +4.9% | |
| Q3 2021 | -19.8% | -14.3% | -36.1% | |
| Q2 2021 | -4.1% | -5.5% | -3.6% | |
| Q1 2021 | -4.1% | -5.5% | -3.6% | |
| Q4 2020 | -4.1% | -5.5% | -3.6% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — |
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