Overview

* Nerdy ( NRDY ) Q3 revenue of $37 mln, in line with expectations, down 1% yr/yr

* Adjusted EBITDA loss of $10.2 mln

* Company secures $50 mln term loan to enhance liquidity

Outlook

* Nerdy expects Q4 2025 revenue between $45 mln and $47 mln

* Nerdy ( NRDY ) forecasts full-year 2025 revenue between $175 mln and $177 mln

* Company expects Q4 2025 non-GAAP adjusted EBITDA loss between $2 mln and breakeven

Result Drivers

* AI PLATFORM LAUNCH - Launch of AI-native Live Learning Platform 2.0 enhanced user experience and contributed to operational improvements

* COST CONTROLS - Improved adjusted EBITDA margins driven by cost controls and AI-enabled operations, per CEO Chuck Cohn

* PRICE INCREASES - Sequential gross margin improvement due to price increases for new Consumer customers

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat -$11.90 -$18.11

Adjusted mln mln (4

Net Analysts

Income )

Q3 Beat -$10.20 -$11.83

Adjusted mln mln (6

EBITDA Analysts

)

Q3 Gross 62.90%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy."

* Wall Street's median 12-month price target for Nerdy Inc ( NRDY ) is $1.88, about 48.3% above its November 5 closing price of $0.97

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)