NASDAQ$LZ
Legalzoomcom Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
LegalZoom's Q3 2024 financial results were reported, showing a mix of growth and strategic shifts.
LegalZoom reported a 1% increase in revenue year-over-year, driven by subscription revenue growth of 5%. The company achieved a record net income of $11.1 million and an adjusted EBITDA of $47.1 million. They are focusing on subscription offerings and pricing updates to attract high-value customers.
- Total revenue increased by 1% year-over-year, reaching $168.6 million.
- Subscription revenue grew by 5% year-over-year, totaling $110.7 million.
- Net income reached a record $11.1 million, representing 7% of revenue.
- Adjusted EBITDA was $47.1 million, achieving a margin of 28%.
Headline financials
Revenue & EPS history
LegalZoom · Revenue · Quarterly
$169M
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 $158 million and $162 million and Adjusted EBITDA between $40 million and $44 million for the fourth quarter ending December 31, 2024. For the full year, LegalZoom anticipates revenue between $678 million and $682 million, Adjusted EBITDA between $144 million and $148 million, and Free cash flow between $80 million and $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 Q3 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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