LegalZoom reports Q2 EPS 15c, consensus 15c

Reports Q2 revenue $192.5M, consensus $182.49M. Subscription revenue was $119.9M, up 10% vs. last year. Transaction revenue was $72.6M, up 6% vs. last year. “Our second quarter results clearly demonstrate the advances we have made against our strategic priorities,” said Jeff Stibel, chairman and CEO of LegalZoom (LZ). “We accelerated revenue growth for the third consecutive quarter and delivered double digit subscription growth two quarters ahead of plan while maintaining strong profitability and a healthy balance sheet.”