NRDY Expands Varsity Tutors for Schools With New Partnership

Partnership and Market Expansion - Nerdy Inc's Varsity Tutors for Schools has partnered with The NET Charter High School - Gentilly Campus to provide live and on-demand tutoring resources at no cost through its online platform [1] - The partnership agreement extends through June 30, 2030, aiming to increase educational resources and support long-term growth for Nerdy [1] - The platform is utilized by over 500 school districts across the United States, enhancing Nerdy's market recognition and growth prospects [4] Platform Offerings and Value Proposition - Varsity Tutors for Schools offers 24/7 On-Demand Chat Tutoring, live enrichment classes, personalized learning plans, SAT/ACT prep classes, adaptive assessments, and college readiness resources [2] - The platform provides high-dosage tutoring and online learning solutions through three simple administration models, catering to a broad set of institutional and student needs [3] - The zero-cost model for K-12 schools highlights Nerdy's innovative approach to expanding its user base while delivering essential educational support [4] Financial Performance and Growth Drivers - Nerdy's shares have declined 71.4% year-to-date, underperforming the Zacks Schools industry's 2.2% decline [5] - Strong demand across consumer and institutional businesses, along with operational leverage from access-based subscription revenue models, supports future growth [5] - In Q2 2024, operational leverage from subscription revenue models significantly surpassed expenditures, facilitating the expansion of Varsity Tutors for Schools [6] Industry Comparison and Stock Performance - Royal Caribbean Cruises Ltd (RCL) has a trailing four-quarter earnings surprise of 18.5% and has rallied 61.3% in the past year, with 2024 sales and EPS expected to grow by 18.1% and 69.9%, respectively [8] - DoubleDown Interactive Co Ltd (DDI) has a trailing four-quarter earnings surprise of 22.1% and has surged 41.4% in the past year, with 2024 sales and EPS expected to increase by 12.6% and 15.8%, respectively [9] - Monarch Casino & Resort Inc (MCRI) has a trailing four-quarter negative earnings surprise of 3.5% and has risen 16.6% in the past year, with 2024 sales and EPS expected to grow by 2.3% and 10%, respectively [9]