Nerdy, Inc. (NYSE:NRDY) Q4 2023 Earnings Conference Call February 27, 2024 5:00 PM ET

Company Participants

TJ Lynn - Associate General Counsel

Chuck Cohn - Founder, Chairman & Chief Executive Officer

Jason Pello - Chief Financial Officer

Conference Call Participants

Eric Sheridan - Goldman Sachs

Brian Smile - JPMorgan

Andrew Boone - JMP Securities

Alex Tyler - Raymond James

Maria Ripps - Canaccord

Thomas Shinske - Cantor Fitzgerald

Operator

Hello everyone. Thank you for attending today's Nerdy Incorporated Fourth Quarter 2023 Earnings Call. My name is Sierra and I'll be your moderator today. All lines have been muted during the presentation portion of the call with an opportunity for questions-and-answers at the end. [Operator Instructions]

I would now like to pass the conference over to our host TJ Lynn, Associate General Counsel of Nerdy.

TJ Lynn

Good afternoon and thank you for joining us for Nerdy fourth quarter 2023 earnings call. With me are Chuck Cohn, Founder, Chairman, and Chief Executive Officer of Nerdy; and Jason Pello, Chief Financial Officer.

Before I turn the call over to Chuck, I'll remind everyone that this discussion will contain forward-looking statements including, but not limited to expectations with respect to Nerdy's future financial and operating results, strategy, opportunities, plans, and outlook.

These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Any forward-looking statements are made as of today's date and Nerdy does not undertake or accept any obligation to publicly release any updates or revisions to any forward-looking statements to reflect any change in expectations or any change in events conditions or circumstances on which any such statement is based.

Please refer to the disclaimers in today's shareholder letter announcing Nerdy's fourth quarter results and the company's filings with the SEC for a discussion of the risks. Not all of the financial measures that we will discuss today are prepared in accordance with GAAP. Please refer to today's shareholder letter for reconciliations of these non-GAAP measures.

With that let me turn the call over to Chuck.

Chuck Cohn

Thanks TJ and thank you to everyone for joining us today. We entered 2023 with three primary goals that included scaling always-on subscription access based revenue products driving profitability and leveraging AI for AI or artificial intelligence for human interaction to transform how people learn.

I'm proud of the Nerdy team for delivering against all three of these commitments, which were accomplished through the tight execution against ambitious initiatives in both our consumer and institutional businesses over the past year.