NASDAQ$LZ
Legalzoomcom Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
LegalZoom's financial performance remained relatively stable, with slight decreases in key profitability metrics and strategic restructuring announced.
LegalZoom reported a 5% increase in revenue, reaching $177.4 million, driven by growth in both transaction and subscription revenues. Net income remained nearly flat at $1.3 million. The company announced restructuring efforts to drive annualized savings of approximately $25 million.
- Total revenue increased by 5% year-over-year to $177.4 million.
- Subscription revenue grew 6% year-over-year, reaching $108.8 million.
- Net income was $1.3 million, consistent with the same period last year.
- Restructuring efforts announced, expected to yield $25 million in annualized savings.
Headline financials
Revenue & EPS history
LegalZoom · Revenue · Quarterly
$177M
Revenue by segment
LegalZoom · $162M total across 2 segments · Q3 2023
- Subscription revenue$105M+14.3%64.5%
- Transaction revenue$57.4M-0.3%35.5%
Forward guidance
LegalZoom expects revenue between $165 million and $169 million and Adjusted EBITDA between $39 million and $41 million for the third quarter ending September 30, 2024. For the full year 2024, LegalZoom reiterates revenue guidance in the range of $675 million to $685 million, Adjusted EBITDA in the range of $135 million to $145 million, and Free cash flow in the range of $75 million to $85 million.
Tailwinds
- Revenue is expected to be in the range of $675 million to $685 million.
- Adjusted EBITDA is expected to be in the range of $135 million to $145 million.
- Free cash flow in the range of $75 million to $85 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 2024
+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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