Welcome to our dedicated page for Nerdy news (Ticker: NRDY), a resource for investors and traders seeking the latest updates and insights on Nerdy stock.
Nerdy Inc. (NYSE: NRDY) is a platform for live online learning that regularly issues news and updates about its operations, technology, and financial performance. Through its flagship business, Varsity Tutors, and its AI-enhanced Live+AI™ and Live Learning Platform 2.0 initiatives, the company reports on new product capabilities, institutional partnerships, and developments in its consumer and school-focused offerings.
Investors and observers following NRDY news can expect recurring coverage of quarterly financial results, typically announced via press releases and accompanying earnings calls. These updates describe trends in Learning Membership revenue, consumer and institutional revenue mix, gross margin, and non-GAAP adjusted EBITDA, as well as commentary on the company’s path to profitability and liquidity position, including term loan arrangements disclosed in SEC filings.
Nerdy’s news flow also highlights AI and product innovation, such as the launch of Live+AI, Live Learning Platform 2.0, and new tools for teachers, administrators, and students. Releases describe features like AI-powered teacher tools, predictive analytics dashboards, AI-assisted practice, and 24/7 academic support, along with district case studies and national initiatives like Varsity Tutors signing the White House “Investing in AI Education” pledge.
Additional NRDY updates cover corporate developments, including executive appointments, conference participation, and disclosures about open market share purchases by company leadership. For anyone tracking how AI-enabled education businesses evolve, Nerdy’s news stream offers insight into its strategic priorities, product roadmap, and relationships with school districts and other institutional partners.
This page aggregates these press releases and related coverage so readers can review Nerdy’s latest announcements on earnings, capital structure, AI-enhanced learning tools, and the performance of its Varsity Tutors and institutional businesses over time.
Wapakoneta City Schools has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide free access to a comprehensive learning platform for all district students until June 30, 2030. The platform offers various resources including 24/7 on-demand chat tutoring, essay review, live classes, SAT and ACT test prep, and self-study tools. Over 500 school districts nationwide use this platform to supplement classroom learning and close learning gaps. The partnership aims to provide students with immediate academic support, enrichment opportunities, and college entrance exam preparation. Wapakoneta families can access the platform through the school's website, offering a valuable resource for students' academic success.
The Township of Union Public Schools has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide all district students with free access to a comprehensive learning platform until June 30, 2030. The platform offers various resources including:
- 24/7 on-demand chat tutoring
- Essay review
- Live enrichment and remediation classes
- SAT and ACT test prep
- Self-study tools
- College & career readiness resources
This partnership aims to supplement classroom learning, close learning gaps, and provide academic support for students from kindergarten through 12th grade. Over 500 school districts across the country already utilize this platform, which is now available at no cost to K-12 schools.
Johnson County Schools has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide free access to a comprehensive learning platform for all district students until June 30, 2030. The platform offers 24/7 on-demand chat tutoring, essay review, live classes, SAT and ACT test prep, self-study resources, and more. Over 500 school districts nationwide use this platform to supplement classroom learning and close learning gaps. The partnership aims to provide students with immediate assistance when they need help with homework or are struggling with a subject. Families can access the platform through the Johnson County Schools website.
Nerdy Inc. (NYSE: NRDY) reported Q2 2024 financial results with revenue of $51.0 million, up 4% year-over-year. Key highlights include:
- Learning Memberships revenue: $36.4 million (72% of total revenue)
- Institutional revenue: $11.1 million (21% of total revenue), up 33% YoY
- Gross margin: 65.7%, down from 69.8% in Q2 2023
- Net loss: $14.4 million
- Non-GAAP adjusted EBITDA loss: $2.1 million
Nerdy expects Q3 2024 revenue between $35-$38 million and full-year 2024 revenue of $196-$204 million. The company anticipates a return to profitable growth by year-end.
Frontier Schools has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide all district students with free access to a comprehensive learning platform until June 30, 2030. The platform offers various resources including 24/7 on-demand chat tutoring, essay review, live classes, SAT and ACT test prep, and college & career readiness resources. This partnership aims to supplement classroom learning and close learning gaps, with over 500 school districts already utilizing the platform nationwide. Students can access immediate help with homework, take practice tests, and participate in expert-led live classes on various subjects.
West Ada School District has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide free access to a comprehensive tutoring platform for all district students until June 30, 2030. The platform offers various resources including 24/7 on-demand chat tutoring, essay review, live classes, SAT and ACT test prep, and self-study tools. Marcus Myers, Chief Academic Officer at West Ada, emphasized the platform's potential to contribute to students' academic growth and confidence. Over 500 school districts across the country already use this platform to supplement classroom learning and close learning gaps. Anthony Salcito, Chief Institutional Officer at Varsity Tutors for Schools, highlighted the platform's flexibility in implementation models, catering to various district needs.
Nerdy Inc. (NYSE: NRDY), a leading platform for live online learning, has announced it will release its second quarter 2024 financial results on August 8, 2024, after the U.S. stock market closes. The company will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss the results.
Interested parties can join the call by dialing 1-833-470-1428 (U.S.) or 1-404-975-4839 (International) with the Access Code 448060. A live webcast will be available on Nerdy's investor relations website. A replay of the webcast will be accessible for one year, and a telephonic replay will be available until August 15, 2024.
Clarendon County School District has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide all district students with free access to a comprehensive learning platform until June 30, 2030. The platform offers various resources including 24/7 on-demand chat tutoring, essay review, live classes, SAT and ACT test prep, and college & career readiness resources.
District Superintendent Dr. Shawn Johnson emphasized the platform's ability to enhance educational support and ensure continuous engagement. Dr. Tyneshia Eaddy, Director of Secondary Education, highlighted the benefits of personalized learning and adapting students to 21st-century learning. The partnership aims to narrow the educational gap in rural districts and provide students with immediate access to help when needed.
Ulysses USD 214 has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to offer all district students free access to a comprehensive online learning platform until June 30, 2030. This platform includes 24/7 on-demand chat tutoring in English and Spanish, live and recorded enrichment classes, SAT/ACT test prep, and adaptive assessments with personalized learning plans.
Over 500 school districts already use this platform to bridge learning gaps and enhance classroom learning. Students can access the platform through their Clever account, offering flexible solutions for diverse educational needs.
Hamtramck Public Schools has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to offer free access to a comprehensive learning platform for all students until June 30, 2030. The platform includes 24/7 on-demand chat tutoring, essay review, SAT/ACT prep classes, and more. This initiative aims to provide students with resources to supplement classroom learning and close educational gaps. Over 500 school districts already use Varsity Tutors for Schools to enhance learning experiences.
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