NYSE$NRDY
Nerdy Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Nerdy's Q3 2021 results reflected revenue growth and strategic investments.
Nerdy Inc. reported a 19% year-over-year increase in revenue to $31.3 million for the third quarter of 2021. The company experienced growth in active learners and online sessions. Nerdy launched Varsity Tutors for Schools, securing contracts worth nearly $10 million. The company is well-capitalized with $170 million in cash and no debt.
- Nerdy experienced record back-to-school performance with bookings up 32% year-over-year.
- Third quarter revenue increased 19% year-over-year to $31.3 million.
- Varsity Tutors for Schools launched, securing 47 contracts worth nearly $10 million.
- Active Learners increased 36% and Online Sessions grew 45% year-over-year.
Headline financials
Revenue & EPS history
Nerdy · Revenue · Quarterly
$31.3M
Revenue by segment
Nerdy · $5.58M total across 1 segment · Q3 2023
- Institutional$5.58M+133.2%100.0%
Forward guidance
Nerdy expects revenue between $40 to $43 million for Q4 2021, representing a 25% increase at the midpoint year-over-year. Full year 2021 revenue is expected to be between $139 to $141 million, which is up 35% at the midpoint versus 2020. Adjusted EBITDA loss is expected to be between $4 to $6 million for Q4 2021.
Tailwinds
- Expected revenue growth for Q4 2021.
- Anticipated full year revenue increase for 2021.
- Strong momentum heading into 2022.
- Favorable consumer demand trends expected to persist into 2022.
- Increased confidence in full year 2022 revenue targets.
Headwinds
- Expected Adjusted EBITDA loss for Q4 2021.
- Continued investments in Varsity Tutors for Schools impacting profitability.
- Ongoing investments in Expert supply affecting earnings.
- New talent acquisition costs influencing EBITDA.
- Uncertainty regarding the timing or magnitude for gains or losses on mark-to-market derivative financial instruments.
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 2021
-7.0%
Avg return
Earnings day
-6.6%
Avg return
5 days after
+1.0%
Avg return
30 days after
33%
7 / 21 earnings
Positive
+31.1%
Q4 2022
Best reaction
-43.8%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.1% | -4.2% | -6.7% | |
| Q4 2025 | +2.1% | +0.2% | -13.4% | |
| Q3 2025 | -9.4% | -3.7% | +41.2% | |
| Q1 2025 | -6.2% | +7.4% | +9.2% | |
| Q4 2024 | -4.4% | -0.6% | -8.2% | |
| Q3 2024 | -6.2% | +2.3% | +83.0% | |
| Q2 2024 | -43.8% | -40.8% | -36.3% | |
| Q1 2024 | -11.0% | -21.7% | -43.4% | |
| Q4 2023 | -18.1% | -1.3% | -4.3% | |
| Q3 2023 | -17.2% | -19.2% | -4.5% | |
| Q2 2023 | -20.2% | -11.7% | -8.1% | |
| Q1 2023 | +3.4% | +15.5% | +7.2% | |
| Q4 2022 | +31.1% | +39.0% | +56.2% | |
| Q3 2022 | +5.5% | +1.7% | -17.9% | |
| Q2 2022 | +9.6% | -20.7% | -17.8% | |
| Q1 2022 | -32.0% | -37.3% | +18.0% | |
| Q4 2021 | +0.9% | -7.7% | +15.6% | |
| Q3 2021 | -23.0% | -23.7% | -32.9% | |
| Q2 2021 | -0.1% | -0.2% | -0.2% | |
| Q1 2021 | -0.3% | -0.9% | -0.2% | |
| Q4 2020 | -6.9% | -10.2% | -16.4% | |
| Q2 2020 | — | — | — |
Discussion
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