LegalZoom.com Inc

LZ

Equity

ISIN US52466B1035 / Valor 19113587

NASDAQ (2024-09-17)

USD 6.75%

LegalZoom.com Inc
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About company

LegalZoom.com Inc is a prominent online platform specializing in business formation services in the United States. The company aims to support small business owners by providing a range of legal, tax, and compliance products through user-friendly technology. LegalZoom offers services such as business formations, management solutions, and professional advisory services to millions of entrepreneurs and their families. The company's mission is to make legal and financial expertise accessible and affordable to all, empowering individuals to pursue their entrepreneurial dreams.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

LegalZoom.com Inc. reported revenue of $177.4 million for the second quarter of 2024, marking a 5% increase year-over-year. This growth was driven by a 4% increase in transaction revenue, which amounted to $68.5 million, and a 6% rise in subscription revenue, totaling $108.8 million.

Net Income

For the second quarter of 2024, LegalZoom.com Inc. achieved a net income of $1.3 million, which is 1% of the total revenue. This is a slight decrease compared to the net income of $1.4 million for the same period in 2023.

Adjusted EBITDA

LegalZoom.com Inc. reported an adjusted EBITDA of $28.9 million for the second quarter of 2024, representing 16% of the revenue. This is a slight decline from the $29.6 million, or 18% of revenue, reported in the same quarter of the previous year.

Cash Flow

Cash flow provided by operating activities for LegalZoom.com Inc. was $27.2 million in the second quarter of 2024, compared to $45.2 million for the same period in 2023. Free cash flow also saw a decline, amounting to $17.4 million compared to $37.4 million in the previous year.

Financial Outlook

For the third quarter ending September 30, 2024, LegalZoom.com Inc. expects revenue to be in the range of $165 million to $169 million. The company also anticipates an adjusted EBITDA between $39 million and $41 million. For the full year ending December 31, 2024, revenue is projected to be between $675 million and $685 million, with an adjusted EBITDA ranging from $135 million to $145 million.

Summarized from source with an LLMView Source

Key figures

-33.8%1Y

-80.9%3Y

%5Y

Performance

55.1%1Y

62.4%3Y

61.9%5Y

Volatility