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Nerdy Inc. (NYSE: NRDY) is a pioneering platform for live online learning, dedicated to transforming education through technology. The company leverages its purpose-built proprietary platform, incorporating advanced technologies such as AI, to connect learners of all ages with expert educators. This innovative approach delivers exceptional value to both learners and educators by facilitating a seamless exchange of knowledge and skills.
Nerdy offers a comprehensive learning destination that spans over 3,000 subjects, providing a variety of learning formats including one-on-one instruction, small group classes, large format group classes, and adaptive self-study modules. This flexibility ensures that learners can find the best method that suits their individual needs.
The company’s flagship business, Varsity Tutors, stands as one of the nation’s largest platforms for live online tutoring and classes. Varsity Tutors serves a wide audience, offering its high-quality educational solutions directly to students and consumers, as well as through partnerships with schools and other institutions.
Recent achievements include the expansion of their service offerings and the continuous enhancement of their AI-driven platform to improve learning outcomes. Financially, Nerdy Inc. has shown a robust performance with a focus on sustainable growth and strategic partnerships to broaden its reach and impact.
Latest News
- Source: Varsity Tutors
- Source: Nerdy Inc.
- Source: Varsity Tutors for Schools
Nerdy (NYSE: NRDY) reported Q4 2024 financial results with revenue of $48.0 million, exceeding guidance but showing a 13% year-over-year decline from $55.1 million in 2023. The company posted a non-GAAP adjusted EBITDA loss of $5.5 million, better than expected.
Consumer Learning Memberships generated $39.2 million (82% of total revenue) with 37.5K Active Members. Institutional revenue was $6.8 million (14% of total revenue), with Varsity Tutors for Schools securing 91 contracts worth $4.6 million in bookings.
Gross margin decreased to 66.6% from 71.3% in Q4 2023. The company maintains a strong balance sheet with $52.5 million in cash and no debt. For 2025, Nerdy projects Q1 revenue of $45-47 million and full-year revenue of $190-200 million, with expected adjusted EBITDA losses.
Nerdy Inc. (NYSE: NRDY), a platform for live online learning, has scheduled its fourth quarter and full year 2024 financial results announcement for February 27, 2025, after U.S. market close.
Management will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss the results. U.S. participants can dial 1-833-470-1428, while international callers can use 1-404-975-4839 (Access Code: 716743). The webcast will be available on Nerdy's investor relations website, with a replay accessible until March 6, 2025, via phone (U.S.: 1-866-813-9403, International: 1-929-458-6194, Access Code: 501480) and on the website for one year.
Preble Shawnee Local School District has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide comprehensive tutoring resources to all district students. The platform offers 24/7 on-demand chat tutoring, essay review, live enrichment classes, SAT/ACT test prep, and college readiness resources.
The partnership aims to provide personalized academic support through interactive study tools, collaborative workspaces, and dynamic tutoring resources. The platform is already utilized by over 1,000 school districts nationwide to supplement classroom learning and close learning gaps. Students can access immediate homework help, practice tests, personal lesson plans, and expert-led live classes in subjects like Geometry, Middle School Math, and Elementary School Reading.
Buckeye Valley Local School District has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide comprehensive tutoring resources to all district students. The platform offers 24/7 on-demand chat tutoring, essay review, live enrichment classes, SAT/ACT test prep, and self-study resources.
The partnership gives students, educators, and parents access to interactive study tools, collaborative workspaces, and dynamic tutoring resources. Features include celebrity-led StarCourse classes, college & career readiness resources, and adaptive assessments with personalized learning plans.
Brian Orrenmaa, Chief of Academic Affairs, highlighted the platform's value for students needing immediate assistance outside teacher availability. The platform is currently used by over 1,000 school districts nationwide to supplement classroom learning and close learning gaps.
Pródos Academy of Education and Sport has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide comprehensive tutoring resources to all district students. The partnership offers access to a platform featuring 24/7 on-demand chat tutoring, essay review, live enrichment classes, SAT/ACT prep, and self-study resources.
The platform, currently used by over 500 school districts nationwide, includes features such as adaptive assessments, personalized learning plans, and celebrity-led StarCourse classes. Students can access immediate homework help, practice tests, and expert-led live classes in subjects ranging from Geometry to Elementary School Reading.
Headmaster Nathan Valentine emphasized the alignment between the platform and the academy's commitment to holistic development, while Anthony Salcito, Chief Institutional Officer at Varsity Tutors for Schools, highlighted the platform's flexibility in implementation models.
Winton Woods City School District has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide comprehensive tutoring resources to all district students. The platform offers 24/7 on-demand chat tutoring, essay review, live enrichment classes, SAT/ACT test prep, and college & career readiness resources.
The platform includes features such as adaptive assessments, personalized learning plans, and translation capabilities into 100 languages. Dr. Tamra Ragland, Executive Director of Teaching and Learning, highlighted the platform's value as a free resource for families, offering services beyond basic homework help.
Currently, over 500 school districts across the country use the Varsity Tutors for Schools platform to supplement classroom learning and address learning gaps. The platform provides immediate access to tutors and allows students to participate in expert-led live classes in subjects like Geometry, Middle School Math, and Elementary School Reading.
Manassas City Public Schools has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide comprehensive tutoring resources to all district students. The platform offers 24/7 on-demand chat tutoring, essay review, live enrichment classes, SAT/ACT prep, and self-study resources.
The partnership includes features such as StarCourse celebrity-led classes, college & career readiness resources, and adaptive assessments with personalized learning plans. Currently, over 500 school districts across the country use the platform to supplement classroom learning and address learning gaps. Students can access immediate homework help, practice tests, and expert-led live classes in subjects like Geometry, Middle School Math, and Elementary School Reading.
Clover School District has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide comprehensive tutoring resources to all district students. The platform offers 24/7 on-demand chat tutoring, essay review, live enrichment classes, SAT/ACT prep, and self-study resources.
The partnership gives students, educators, and parents access to interactive study tools, collaborative workspaces, and dynamic tutoring resources. The platform includes features like adaptive assessments, personalized learning plans, and college & career readiness resources. Over 500 school districts nationwide currently use the platform to supplement classroom learning and close learning gaps.
Iron County School District has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide comprehensive tutoring resources to all district students. The platform offers 24/7 on-demand chat tutoring, essay review, live enrichment classes, SAT/ACT prep, and various self-study tools.
The partnership aims to support academic success through features including adaptive assessments, personalized learning plans, and college readiness resources. According to Superintendent Lance Hatch, this initiative aligns with their commitment to providing students with essential skills and resources for academic success.
The platform is currently used by over 500 school districts nationwide to supplement classroom learning and address learning gaps. Iron County families can access these services through the district website.
Parma City Schools has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide comprehensive tutoring resources to all district students. The platform offers 24/7 on-demand chat tutoring, essay review, live enrichment classes, SAT/ACT prep, and self-study resources.
The partnership, approved by the Ohio Department of Education, aims to provide students with a safe, educational alternative to social media platforms. The service is accessible through students' CLEVER accounts and includes features such as adaptive assessments, personalized learning plans, and college readiness resources.
Currently, over 500 school districts across the country use the Varsity Tutors for Schools platform to supplement classroom learning and address learning gaps.
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