LegalZoom.com (LZ) Revenue — Quarter Ended Sep 30, 2024
Revenue for the third quarter declined from the prior quarter but edged higher compared to the same period a year ago. The sequential drop came after two consecutive quarters of growth.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the third quarter declined from the prior quarter but edged higher compared to the same period a year ago. The sequential drop came after two consecutive quarters of growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$168.6M
Revenue reported for this quarter.
Quarter-over-quarter
-4.9%
Change from the immediately preceding quarter.
Year-over-year
+0.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$678.8M
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 |
|---|---|---|
| Dec 31, 2023 | $158.7M | +8.2% |
| Mar 31, 2024 | $174.2M | +5.0% |
| Jun 30, 2024 | $177.4M | +5.0% |
| Sep 30, 2024 | $168.6M | +0.8% |
Revenue performance
Third-quarter revenue decreased relative to the immediate prior quarter, reflecting a reversal of the upward trend seen in the first half of the fiscal year.
Quarterly comparison
Compared to the preceding quarter, revenue softened, while compared to the same quarter one year earlier, it posted a modest gain.
What to watch
Monitor the impact of the August restructuring plan on future revenue and operating costs.