Legalzoom.Com, Inc. Stock Price, News & Analysis

LegalZoom (LZ) announces expanded partnership with Defy Ventures, committing $100,000 in 2025 to support mental health and wellbeing programs for incarcerated and formerly incarcerated individuals. The funding will enhance trauma-informed curriculum, expand support groups, provide staff training, and offer technical support. The partnership, which began in 2021, has helped maintain a three-year recidivism rate below 15%. Defy Ventures offers programs including CEO of Your New Life, Entrepreneur Bootcamp, and Business Accelerator, focusing on business skills and personal development. Previous LegalZoom contributions have funded various initiatives, including a cohort at California Women's Facility and post-release services.

LegalZoom (LZ) has appointed Nathan Gooden to its Board of Directors and as a member of both the Audit and Compensation Committees. Gooden, currently CFO of Squarespace, brings extensive experience in finance leadership across small business and ecommerce technology sectors. His background includes serving as CFO of Amazon Alexa and previous roles at Spacepointe and Solavei. The appointment aligns with LegalZoom's strategic focus on achieving high-value customer growth, margin expansion, and reaccelerating subscription revenue growth. Following this appointment, LegalZoom's Board consists of six directors, with five being independent.

LegalZoom reported strong Q3 2024 results with revenue of $168.6 million, up 1% year-over-year. Subscription revenue grew 5% to $110.7 million, while transaction revenue decreased 7% to $57.9 million. The company achieved record Q3 net income of $11.1 million with a 7% margin and record Adjusted EBITDA of $47.1 million with a 28% margin. Subscription units increased 10% year-over-year, while transaction units grew 8%. The company repurchased 3.8 million shares for $24.7 million and increased its share repurchase authorization by $40.0 million to $215.0 million.

Inc. has named LegalZoom as a 2024 Power Partner Award winner, recognizing its support for entrepreneurs and startups. LegalZoom, a leading online platform for business formation in the US, has helped create over 4 million businesses. The company offers affordable legal services, expert advice, and comprehensive business management tools.

Despite rising costs in traditional law firms, LegalZoom maintains below-average prices for legal services. It provides access to experienced business attorneys and a nationwide network of independent licensed lawyers. LegalZoom's expanded offerings include accounting tools, AI-powered document assistance, e-signatures, and partnerships with brands like Wix and NEXT Insurance.

The Inc. Power Partner Awards honor B2B organizations that support entrepreneurs across various aspects of business, including hiring, compliance, infrastructure development, cloud migration, and fundraising. LegalZoom's inclusion reflects its dedication to helping small businesses thrive in a changing world.

LegalZoom.com, Inc. (Nasdaq: LZ) has announced it will report its financial results for the third quarter ended September 30, 2024, on Wednesday, November 6, 2024, after the market closes. Jeff Stibel, Chairman & Chief Executive Officer, and Noel Watson, Chief Financial Officer & Chief Operating Officer, will host a conference call and webcast at 4:30 p.m. ET the same day to discuss the results.

The conference call can be accessed via webcast or dial-in, with details provided in the announcement. A replay of the webcast will be available on the LegalZoom Investor Relations website following the live event.

LegalZoom is described as a leading online platform for business formation in the United States, offering comprehensive legal and compliance products and expertise for small business owners through easy-to-use technology.

LegalZoom, a leading online legal technology company, is encouraging couples to consider prenuptial agreements as part of their wedding preparations. Recent data shows over 40% of Gen Z and Millennial couples are opting for prenups. LegalZoom's law firm, LZ Legal Services, provides prenup services in 10 states, with plans to expand to Colorado and Ohio.

Key findings include:

• Men initiate 65% of LZLS prenup orders
• California leads with 51% of LZLS prenup customers
• Average time from prenup order to wedding is 69 days
• Top items in prenups: protection of separate property, alimony, and property division

LZ Legal Services offers attorney-assisted prenups for a flat fee of $1,499, potentially saving couples money compared to traditional divorce costs.

LegalZoom (Nasdaq: LZ) reported its Q2 2024 financial results, highlighting a 5% year-over-year revenue increase to $177.4 million. Subscription revenue grew 6% to $108.8 million, while transaction revenue rose 4% to $68.5 million. The company announced three execution priorities to reaccelerate growth and enhance margins, including a focus on accelerating subscriptions and a broader go-to-market strategy. LegalZoom also revealed a restructuring plan, reducing its global workforce by 15% and expecting $25 million in annualized savings. Despite these changes, the company is reiterating its full-year revenue outlook of $675-$685 million and adjusted EBITDA of $135-$145 million.

LegalZoom (Nasdaq: LZ) is promoting National Make-A-Will Month this August with exclusive estate plan offers. New customers can get 10% off, while existing customers receive 20% off from August 1-31. The company aims to encourage Americans to finalize their estate plans, as a 2024 Caring.com survey revealed only 32% of Americans have estate plans.

LegalZoom, the trusted leader in online estate plans, has created over 4 million estate planning products, including 1.7 million personal last wills. The company offers free unlimited revisions for the first 30 days or one year, depending on the plan. Premium plans include unlimited 30-minute consultations with experienced attorneys.

CEO Jeff Stibel emphasizes the importance of estate planning for everyone, regardless of financial status. LegalZoom's comprehensive estate plans cover last wills, living trusts, financial power of attorney, and advance healthcare directives.

LegalZoom.com, Inc. (Nasdaq: LZ), the leading online platform for business formation in the United States, has announced it will report its financial results for the second quarter ended June 30, 2024 on Wednesday, August 7, 2024, after market close. The company will host a conference call and webcast at 4:30 p.m. ET the same day to discuss the results.

Key details for the conference call include:

• Date: Wednesday, August 7, 2024
• Time: 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time)
• Webcast: Available at https://edge.media-server.com/mmc/p/ikog4cr5/
• Dial-in: (800) 715-9871 (USA & Canada), (646) 307-1963 (International)
• Conference ID: 4382883

A replay of the webcast will be available on the LegalZoom Investor Relations website following the live event.