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].

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 ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $177 million, representing a 5% year-over-year increase, exceeding the top end of the outlook due to higher-than-expected fulfillment [29] - Subscription revenue increased by 6% to $109 million, driven by a rise in both subscription units and average revenue per user (ARPU) [32] - Gross margin improved to 68% from 65% year-over-year, attributed to lower filing fees and operational improvements [33] - Free cash flow decreased to $17 million from $37 million year-over-year, impacted by increased cash tax payments and working capital changes [35] Business Line Data and Key Metrics Changes - Business formations declined by 17% year-over-year, with 134,000 formations completed in Q2 2024 [30] - Transaction revenue was $69 million, up 4%, driven by a 3% increase in transaction units [31] - Subscription units reached over 1.6 million, a 4% increase year-over-year, with growth in form-duty signature and virtual mail subscriptions [32] Market Data and Key Metrics Changes - The macro environment showed a decline in Census EIN applications by 6% year-over-year, indicating a softer market for business formations [30] - LegalZoom's market share of business formations relative to Census EIN data was 10% for the quarter [31] Company Strategy and Development Direction - The company aims to optimize its subscription business, reorient its go-to-market strategy, and leverage AI to enhance customer expertise [11][24] - A restructuring plan was announced, including a 15% reduction in global workforce to drive operational efficiencies and align with new execution priorities [12] - The focus will shift from transactional revenue to recurring services, emphasizing long-term customer relationships and subscription offerings [9][10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that current revenue growth is unacceptable and emphasized the need to improve subscription revenue growth [28] - The company expects continued challenges in the macroeconomic environment, impacting both transaction and subscription revenue [39][54] - Future guidance remains cautious, with expectations for revenue growth in the range of $675 million to $685 million for the full year [39] Other Important Information - The company announced an increase in its share repurchase authorization from $100 million to $175 million, repurchasing 13.9 million shares for a total of $125 million [36] - The company has returned close to $300 million to shareholders through share repurchases since the program began in Q1 2022 [37] Q&A Session Summary Question: What is the defensible strategy for the business formation and SMB services segment? - Management believes they created the category and need to build the best products while aligning with customer needs to regain market ownership [42][44] Question: Can you clarify the strategy regarding premium products and subscriptions? - The company plans to test and learn about customer needs, focusing on bringing the right customers into their ecosystem and ensuring they receive value [45][46] Question: What are the key segments for better marketing and targeting? - Historical focus has been on formation; now the company will segment customers based on their business lifecycle and specific needs [48][49] Question: Can you provide details on headcount reductions? - Reductions were broadly dispersed, with a heavier focus on cost of sales due to lower volume expectations [51] Question: Will there be an updated long-term guidance framework? - Management is focused on moving quickly and will provide updates as visibility improves, but long-term guidance is not yet available [52][54]

LegalZoom (LZ) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this online platform for legal services would post earnings of $0.10 per share when it actually produced earnings of $0.09, delivering a surprise of -10%. Over the last four quar ...

Exhibit 99.1 LEGALZOOM LegalZoom Reports Second Quarter 2024 Financial Results • Second quarter subscription revenue of $108.8 million for the quarter, an increase of 6% year-over-year • Announces three execution priorities designed to reaccelerate growth and enhance margins • Announces restructuring and approximately $25 million of annualized savings MOUNTAIN VIEW, California – August 7, 2024 – LegalZoom.com, Inc. (Nasdaq: LZ), the No. 1 choice in online small business formations, today announced results f ...