Market Updates

LegalZoom.com's Quarterly Loss Shrank

Scott Peters
12 Aug, 2022
New York City

    LegalZoom.com Inc jumped 23.2% to $13.58 after the online legal content forms and support provider said revenues in the second quarter increased 9% to $163.8 million from $150.4 million a year ago. 

    Net loss in the quarter shrank to $13.8 million or 7 cents a diluted share from $38.4 million or 31 cents a diluted share a year ago. 

    Average order value increased 5% to 296 from $282 a year ago and subscription revenues increased to $91.3 million from $69.4 million a year ago. 

    The company guided third quarter revenues between $149 million and $151 million. 

    The company lowered its full-year 2022 revenues estimate in the range of $612 million to $616 million from the previous estimate between $650 million and $660 million.

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