LegalZoom Reports Strong Q3 2024 Earnings
Company Announcements

LegalZoom Reports Strong Q3 2024 Earnings

Legalzoom.Com, Inc. ( (LZ) ) has released its Q3 earnings. Here is a breakdown of the information Legalzoom.Com, Inc. presented to its investors.

LegalZoom.com, Inc., a leading online platform for business formation in the United States, provides comprehensive legal and compliance products for small business owners. In its third-quarter 2024 earnings report, LegalZoom announced a record net income of $11.1 million, with a 7% net income margin, and an adjusted EBITDA of $47.1 million, reflecting a strong financial performance. The company also reported subscription revenue growth of 5% year-over-year, driven by a strategic focus on subscription offerings and pricing updates. LegalZoom reduced its outstanding shares by 2% through $24.7 million in share repurchases and increased its share repurchase authorization by $40.0 million. Looking ahead, LegalZoom is committed to driving efficient growth and operational improvements while continuing to focus on its core legal and compliance offerings for small businesses and consumers.

Related Articles
TheFlyLegalZoom price target raised to $8 from $7 at Barclays
TheFlyLegalZoom downgraded to Underweight from Neutral at JPMorgan
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App