LegalZoom Q3 revenue rises 1% to $168.6 million; net income climbs to $11.1 million
LegalZoom reported third-quarter 2024 results with revenue up 1% to $168.6 million and net income of $11.1 million, compared with $7.5 million a year earlier. Subscription revenue grew 5% while transaction revenue fell 7%, and the company said its share repurchase authorization was increased by $40.0 million to a total of $215.0 million after quarter end. The filing also amends the company's bylaws and confirms the November 4, 2024 effective date of a technology executive's resignation.
Key points
- Q3 2024 revenue of $168.6 million, up 1% year-over-year; subscription revenue of $110.7 million, up 5%; transaction revenue of $57.9 million, down 7%
- Net income of $11.1 million versus $7.5 million a year earlier; Adjusted EBITDA of $47.1 million, or 28% of revenue
- Outlook: Q4 2024 revenue of $158 million to $162 million; full-year 2024 revenue of $678 million to $682 million and free cash flow of $80 million to $85 million
- Board adopted amended bylaws on November 5, 2024 with universal proxy and advance notice changes; Shrisha Radhakrishna's resignation as CTO and Chief Product Officer took effect November 4, 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.