What is Nerdy's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Nerdy year over year?

What is the market's earnings forecast for Nerdy next quarter?

What is Nerdy's gross profit margin?

What factors drove the changes in Nerdy's revenue and profit?

What were the key takeaways from Nerdy's earnings call?

What were the key takeaways from Nerdy’s earnings call?

Did Nerdy beat or miss consensus estimates last quarter?

- **Critical Liquidity Warning**: CFO disclosed $50M junk bond financing, raising red flags about Nerdy's solvency amid 1% Q3 revenue decline.
- **Execution Risk**: 70% of Q3 product launches failed, with 13 new hires lacking edtech expertise.
- **Profitability Doubt**: CFO's 1,000bps EBITDA margin claim contradicted Q3's 960bps improvement, with Q4 guidance of -$2M-0 breakeven seen as unrealistic.
- **Institutional Collapse**: 20% YoY drop in school bookings vs. 5% Consumer growth highlights strategic misalignment.
- **Headcount Crisis**: 27% YoY staff cuts vs. 34% Active Member decline signals retention crisis.


**【CEO Summary Section】**
- Nerdy, Inc. faced significant product delays in Q3 2025, primarily due to technical debt and operational challenges, resulting in a 1% year-over-year revenue decline.
- CEO Charles Cohn revealed a strategic pivot to AI-driven product development, with 100% of traffic expected to shift to new AI-powered code bases by end of Q4, aiming to reduce audio/video errors by 50% and cut costs per session by 40%.
- Institutional business bookings dropped 20% YoY due to federal funding delays, while Consumer revenue growth stalled despite ARPM rising 24% YoY.
- Management announced a 27% YoY headcount reduction and appointed a new COO to streamline operations, but this raised concerns about execution speed and customer retention.

**【CFO Financial Commentary】**
- Q3 revenue of $37M fell short of guidance ($37-40M), with EBITDA loss of $10.2M exceeding expectations (-$11-13M), driven by $50M term loan to address liquidity risks.
- CFO Jason Pello warned of a potential 1,000 basis point EBITDA margin improvement (to 960bps YoY), but investors flagged this as overly optimistic given Q3's 1% revenue decline.
- Institutional revenue dropped 20% YoY due to delayed school funding, while Consumer ARPU growth of 5% was offset by 34% Active Member decline.
- CFO hinted at 2026 profitability, but analysts questioned sustainability of cost cuts amid rising tutor incentive expenses.

**【Q&A Key Highlights】**
- Investors grilled management on feasibility of 1,000bps EBITDA margin improvement, with CFO admitting "we're not there yet" on profitability, while CEO claimed "we're 100% on new code bases by end of Q4" despite Q3's 1% revenue decline.
- QoQ product velocity slowed to 10% (vs. 20% QoQ target), raising doubts about AI integration pace, while 44% of Q3 Institutional contracts were non-recurring.
- CFO's $50M term loan was flagged as high-yield "junk debt," with 12% default risk, despite 960bps EBITDA improvement, spooking investors.
- CEO's 13 new senior hires were criticized for lacking K-12 edtech expertise, with 70% of Q3 product launches failing user testing.
- CFO's Q4 guidance of -$2M to breakeven EBITDA was met with skepticism, as Q3's -$10.2M vs. -$14M prior year showed no meaningful improvement.


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