EarningsLegalZoom reported revenue of $161.7mn, which was higher than expected by analysts at $160.9mn.
Strategic InitiativesThe acquisition of Formation Nation enables LegalZoom to leverage Inc. Authority for value-priced formations while positioning the LegalZoom brand as a premium service.
Subscription GrowthLegalZoom added 49,000 net subscription units in the quarter, showing growth supported by improved bundling within its formation flow and ongoing demand for its compliance subscriptions.