LegalZoom.com (LZ) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined compared to the immediately preceding quarter but increased relative to the same quarter one year earlier. The sequential decrease reflects a moderation from prior quarters, while the year-over-year gain continues the positive trend.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined compared to the immediately preceding quarter but increased relative to the same quarter one year earlier. The sequential decrease reflects a moderation from prior quarters, while the year-over-year gain continues the positive trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$158.7M
Revenue reported for this quarter.
Quarter-over-quarter
-5.1%
Change from the immediately preceding quarter.
Year-over-year
+8.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$660.7M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $165.9M | +6.8% |
| Jun 30, 2023 | $168.9M | +3.8% |
| Sep 30, 2023 | $167.3M | +7.7% |
| Dec 31, 2023 | $158.7M | +8.2% |
Revenue performance
The sequential decline follows three consecutive quarters of growth, indicating a seasonal or quarterly fluctuation. On an annual basis, revenue remained higher than the year-ago period.
Quarterly comparison
Quarter-over-quarter revenue decreased, reversing the growth pattern seen in preceding quarters. Year-over-year, revenue continued to show an increase compared to the same period last year.
What to watch
The company disclosed its intention to sell its corporate headquarters, which may affect future cash flows.