LegalZoom (LZ) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.25%. A quarter ago, it was expected that this online platform for legal services would post earnings of $0.09 per share when it actually produced earnings of $0.10, delivering a surprise of 11.11%.Over the last four quar ...

Table of Contents ___________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share LZ The Nasdaq Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the three months ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Exhibit 99.1 LEGALZOOM LegalZoom Reports Third Quarter 2024 Financial Results • Third quarter subscription revenue of $110.7 million, an increase of 5% year-over-year • Meaningful preliminary progress towards initiatives to grow subscription business; 300 basis point increase in subscription revenue mix year-over-year • Record third quarter Net Income of $11.1 million and Net Income margin of 7% • Record third quarter Adjusted EBITDA of $47.1 million and Adjusted EBITDA margin of 28% • Share repurchases of ...

Third quarter subscription revenue of $110.7 million, an increase of 5% year-over-yearMeaningful preliminary progress towards initiatives to grow subscription business; 300 basis point increase in subscription revenue mix year-over-yearRecord third quarter Net Income of $11.1 million and Net Income margin of 7%Record third quarter Adjusted EBITDA of $47.1 million and Adjusted EBITDA margin of 28%Share repurchases of $24.7 million reduced outstanding shares by 2%; increased existing share repurchase authoriz ...

Core Insights - LegalZoom's Fast Break for Small Business grant program has successfully awarded $6 million in grants and services to over 18,000 small business owners since its inception in October 2021, addressing critical barriers to growth for underrepresented entrepreneurs [1][2][5] Group 1: Grant Program Impact - The program received over 76,000 applications for funds, with more than 40,000 applications in 2024 alone, highlighting the pressing need for accessible capital among small businesses [2][3] - Nearly 40% of small businesses fail due to depleted cash reserves or inability to secure additional funding, emphasizing the importance of the grant program in providing financial support [2] - The initiative has also generated an additional $1.3 million in loans to small business owners through partnerships, particularly benefiting communities of color, women, immigrants, and LGBTQ+ members [2][3] Group 2: Services Provided - In addition to grants, first-time entrepreneurs received free and discounted services such as LLC formations, compliance offerings, attorney counsel, and estate plans, which are crucial for long-term success [4] - The program aims to provide not just financial assistance but also the necessary tools and expertise to help entrepreneurs navigate challenges in their business journey [3][4] Group 3: Future Initiatives - LegalZoom plans to continue supporting small businesses through future grant programs, partnerships with non-profit organizations, and affordable service models to address ongoing challenges like inflation and market volatility [5]

It's no secret that this year, small and midsized businesses have been hurting. Yelp ( YELP ) has reported that businesses, especially in the restaurant sector, are preparing for a chillier macroeconomic environment and are slashing their marketing budgets. Software companies, especially those With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the them ...

LZ Legal Services Expands Offerings as Customer Demand Increases Men Lead in Initiating Prenups Among LegalZoom Legal Services Customers MOUNTAIN VIEW, Calif., Sept. 26, 2024 (GLOBE NEWSWIRE) -- As couples look toward the Fall and Spring wedding seasons, LegalZoom, one of the nation's leading online legal technology companies, is encouraging couples to consider prenuptial agreements as part of their wedding preparations. Recent data shows a significant increase in prenup adoption among younger generations, ...

Core Viewpoint - The National Advertising Division (NAD) has made recommendations regarding LegalZoom's advertising claims following a challenge by ZenBusiness, determining that some claims are substantiated while others require modification or discontinuation [1][10]. Superiority Claims - ZenBusiness challenged LegalZoom's claims of being the "1 Choice" and "1 Rated/Voted" for online small business formation, which NAD found unsupported by the surveys provided by LegalZoom [2][3]. Best LLC Claim - NAD deemed LegalZoom's "Best LLC Service" claim as puffery, indicating it does not require substantiation as it is a vague statement of corporate pride [4]. Price Savings Claims - LegalZoom's claims that ZenBusiness is "up to 20% more expensive" and that customers can "save up to $39" by using LegalZoom were substantiated. However, NAD recommended modifications to accurately reflect ZenBusiness's offerings, including a free website builder for one month [5][6]. Disclosure of Affiliate Relationship - NAD recommended that LegalZoom disclose any material connections with media outlets featured in its "as seen in" advertisements to ensure transparency [7]. Consumer Purchase Flows - NAD advised LegalZoom to modify its registered agent purchase flow and order review page to clearly disclose available options and pricing for add-on features [9]. Compliance with Recommendations - LegalZoom stated it will comply with NAD's recommendations, although it disagrees with some conclusions, emphasizing its support for industry self-regulation [10].

NEW YORK, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of LegalZoom.com, Inc. (NASDAQ: LZ) resulting from allegations that LegalZoom may have issued materially misleading business information to the investing public. So what: If you purchased LegalZoom securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement ...

NEWTOWN, Pa., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Edelson Lechtzin LLP, a leading class action law firm, is investigating potential securities fraud and breach of fiduciary duty claims on behalf of investors in LegalZoom.com, Inc. (NASDAQ: LZ) common stock. LegalZoom investors with substantial losses and witnesses with non-public information about the company are urged to contact Edelson Lechtzin LLP at 844-696-7492, by e-mail at elechtzin@edelson-law.com, or online HERE. ABOUT THE COMPANY: LegalZoom is an on ...