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Nerdy Inc. - NRDY STOCK NEWS

Welcome to our dedicated page for Nerdy news (Ticker: NRDY), a resource for investors and traders seeking the latest updates and insights on Nerdy stock.

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
News

Nerdy Announces Fourth Quarter and Full Year 2023 Financial Results

Rhea-AI Summary
Nerdy Inc. (NRDY) reports a strong fourth quarter with revenue of $55.1 million, a 32% increase year-over-year, showcasing accelerating revenue growth throughout 2023. The company beats non-GAAP adjusted EBITDA guidance, achieving significant margin improvements. Membership evolution is complete with nearly 100% of Consumer revenues from Learning Memberships, driving revenue growth. Institutional business sees substantial growth with revenue of $11.3 million, a 160% increase year-over-year. Nerdy reports record quarterly gross profit, operating leverage, and positive cash flow outlook for 2024.
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Nerdy to Participate in Citizens JMP Technology Conference

Rhea-AI Summary
Nerdy Inc. (NRDY) to participate in a fireside chat at the Citizens JMP Technology Conference on March 5, 2024. Chuck Cohn, Founder, Chairman, and CEO, along with Jason Pello, CFO, to represent Nerdy. Webcast details provided.
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Nerdy to Participate in Morgan Stanley Conference

Rhea-AI Summary
Nerdy Inc. (NRDY) will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2024. Chuck Cohn and Jason Pello will represent the company. A live webcast will be available on Nerdy's investor relations website.
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Nerdy to Announce Fourth Quarter and Full Year 2023 Results on February 27, 2024

Rhea-AI Summary
Nerdy Inc. (NRDY) will release its Q4 and full year financial results on February 27, 2024. A conference call and webcast will follow to discuss the financial and operating results. Interested parties can listen to the call or access the webcast on Nerdy's investor relations website. A replay of the webcast will be available for one year, and a telephonic replay of the call will be available until March 5, 2024.
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Michigan Association of Intermediate School Advisors (MAISA) Selects Varsity Tutors for Schools as Vetted Approved Provider for the 23g MI Kids Back on Track Grant Program

Rhea-AI Summary
Varsity Tutors, a Nerdy (NYSE: NRDY) company, has been selected as a vetted provider for school districts pursuing funding through the 23g MI Kids Back on Track Grant Program, offering high-impact live online tutoring. The program aims to address unfinished learning, get students to grade level academic standards, and provide additional support to students at risk of falling behind. Varsity Tutors has already provided effective learning support services to over 12,000 students across 50 districts in Michigan, with high-dosage tutoring proving to be an effective tool in combating the learning gap.
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Nerdy to Participate in Needham Growth Conference

Rhea-AI Summary
Nerdy Inc. (NYSE: NRDY) to participate in fireside chat at Needham Growth Conference. Chuck Cohn and Jason Pello to represent Nerdy. Live webcast available on investor relations website.
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Nerdy to Participate in Raymond James TMT and Consumer Conference

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Nerdy Inc. (NRDY) to Participate in Raymond James TMT and Consumer Conference on December 5, 2023
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Nerdy Announces Third Quarter 2023 Financial Results

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Nerdy Inc. (NYSE: NRDY) beats Q3 revenue and EBITDA guidance, introduces new offerings, and transitions to access-based subscription products. Revenue grows 27% year-over-year to $40.3 million, with a 72.4% gross margin. Non-GAAP adjusted EBITDA improves by 2,300 basis points year-over-year.
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Nerdy to Announce Third Quarter 2023 Results on November 7, 2023

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Nerdy Inc. to release Q3 financial results on November 7, 2023.
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Ferguson-Florissant School District First in Missouri to Pioneer Varsity Tutors for Schools Teacher Assigned Tutoring

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FFSD partners with Varsity Tutors to provide live online instruction and tutoring to students
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FAQ

What is the current stock price of Nerdy (NRDY)?

The current stock price of Nerdy (NRDY) is $1.39 as of November 25, 2024.

What is the market cap of Nerdy (NRDY)?

The market cap of Nerdy (NRDY) is approximately 170.3M.

What is Nerdy Inc.?

Nerdy Inc. is a leading platform for live online learning that connects learners with expert educators using advanced technology, including AI.

What services does Nerdy Inc. offer?

Nerdy Inc. offers a range of learning experiences across 3,000+ subjects, including one-on-one instruction, small group classes, large format group classes, and adaptive self-study.

What is Varsity Tutors?

Varsity Tutors is Nerdy Inc.'s flagship business and one of the nation’s largest platforms for live online tutoring and classes.

Who can benefit from Nerdy Inc.'s services?

Nerdy Inc.'s services are available to learners of all ages, including students, consumers, schools, and other institutions.

How does Nerdy Inc. use technology in education?

Nerdy Inc. utilizes a proprietary platform that incorporates AI to enhance the learning experience by connecting learners with experts efficiently.

Can Nerdy Inc. help with personalized learning?

Yes, Nerdy Inc. offers adaptive self-study modules and personalized instruction to meet individual learning needs.

What recent achievements has Nerdy Inc. made?

Recent achievements include expanding service offerings and enhancing their AI-driven platform to improve learning outcomes.

How does Nerdy Inc. ensure quality in its educational services?

Nerdy Inc. ensures quality by leveraging expert educators and continuously improving their AI technology for better learning experiences.

What partnerships does Nerdy Inc. have?

Nerdy Inc. partners with schools and other institutions to provide high-quality educational solutions.

Where can I find the latest news about Nerdy Inc.?

The latest news about Nerdy Inc. can be found through sources such as Varsity Tutors and Nerdy Inc. itself.

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Nerdy Inc.

NYSE:NRDY

NRDY Rankings

#4012 Ranked by Market Cap
N/A Ranked by Dividends

NRDY Stock Data

170.26M
59.92M
40.78%
40.12%
4.66%
Software - Application
Services-educational Services
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United States of America
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