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    Nerdy Inc (NRDY)

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    Nerdy Inc. (NYSE: NRDY) is a technology-driven education company that operates a platform for live online learning, leveraging artificial intelligence (AI) to connect learners with experts. The company offers a wide range of learning experiences, including tutoring, classes, and self-study tools, catering to individual learners and institutions. Its flagship business, Varsity Tutors LLC, is one of the largest platforms in the U.S. for live online tutoring and classes.

    1. Consumer - Provides direct-to-consumer learning services, including one-on-one instruction, small group tutoring, large format classes, and Learning Memberships, which offer ongoing access to educational resources and expert support.
    2. Institutional - Offers tailored solutions for schools and businesses through the Varsity Tutors for Schools product suite, including high-dosage tutoring and subscription-based services such as District Assigned, Teacher Assigned, and Parent Assigned programs.
    3. Other - Includes legacy businesses such as Veritas Prep LLC, EduNation Limited (First Tutors UK), and other services that provide additional educational resources and tools.
    NamePositionExternal RolesShort Bio

    Charles Cohn

    ExecutiveBoard

    Founder, Chairman, President, and CEO

    National council board of the entrepreneurship program at Washington University in St. Louis.

    Charles Cohn founded Nerdy Inc. in 2007 and has led the company as its CEO, guiding its strategic direction and growth into a leading learning technology company.

    View Report →

    Chris Swenson

    Executive

    Chief Legal Officer and Corporate Secretary

    None.

    Chris Swenson joined Nerdy in May 2015 as VP and General Counsel, later becoming Chief Legal Officer in August 2019. He established and leads Nerdy's legal department.

    Jason Pello

    Executive

    Chief Financial Officer

    None.

    Jason Pello joined Nerdy in September 2019 as VP of Finance and Accounting, becoming CFO in October 2020. He has a background in corporate finance and accounting.

    Abigail Blunt

    Board

    Class III Director

    Director at Ardagh Group, Ardagh Metal Packaging, SafetyHoldCo, and Vita-Key.

    Abigail Blunt was elected to Nerdy's Board in May 2024, with a strong background in government affairs and corporate governance, previously serving as Global Head of Government Affairs at Kraft Heinz.

    Christopher (Woody) Marshall

    Board

    Class II Director

    Lead independent director at Spotify, Board member at Payoneer, General Partner at TCV.

    Woody Marshall has been a director at Nerdy since September 2021, with a background in technology investments and board roles at Spotify and Payoneer.

    Greg Mrva

    Board

    Board Member

    CFO of GoFundMe.

    Greg Mrva has been on Nerdy's Board since September 2021. He has extensive experience in finance and operations, having played a role in the $4 billion sale of StubHub to Viagogo.

    Rob Hutter

    Board

    Class II Director

    Founder and Managing Partner at Learn Capital LLC.

    Rob Hutter has been a director at Nerdy since September 2021 and is the founder of Learn Capital LLC, overseeing its investing practice.

    Stuart Udell

    Board

    Director

    CEO of Prometric, Executive Chairman of eDynamicLearning, Board member at several organizations.

    Stuart Udell joined Nerdy's Board in August 2022, bringing extensive experience in education technology and leadership roles at various companies.

    1. With third quarter revenue decreasing by 7% year-over-year and Institutional revenue declining by 3%, what are the specific factors behind these decreases, and what strategies are you implementing to reverse this trend?

    2. Your platform access strategy in the Institutional business resulted in only 22% of total bookings value coming from conversions of free access to paid offerings, and deal sizes were smaller than expected; how do you plan to improve conversion rates and increase deal sizes to achieve sustainable growth?

    3. The resource allocation to support Varsity Tutors for Schools impacted the delivery of marketplace infrastructure initiatives and the consumer experience; how will you balance resource allocation between Institutional and Consumer segments to avoid negatively affecting one at the expense of the other?

    4. Adjusted EBITDA loss increased to $14 million in the third quarter from $8.2 million in the same period last year, partly due to higher sales and marketing expenses; what specific cost control measures are you putting in place to move towards profitability?

    5. Given that the anticipated urgency around the ESSER funding deadline did not materialize and bookings were below expectations, how are you adjusting your Institutional sales strategy in a post-ESSER environment to drive bookings growth?

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Codeverse

    2022

    Nerdy Inc acquired Codeverse in July 2022 using a small cash consideration under favorable deal terms to integrate its kid-friendly coding platform into its Learning Membership product, aiming to drive higher conversion and retention in the fast-growing K-12 coding market with minimal EBITDA impact.

    Recent developments and announcements about NRDY.

    Earnings

    • New Earnings (Q4 2024)

      ·
      Feb 28, 2025, 2:02 PM

      NRDY's Q4 results highlight AI-driven retention up 26%, supporting a 20% price increase and ARPU > $400. Q1 margin dips to 60%, rebounds to 66%. A 15% headcount cut + AI efficiencies target EBITDA+ in Q4 2025, with consumer revenue accelerating each quarter.

      View full earnings summary →