Nerdy Q3 net loss narrows 32% to $12.84 million; Q3 revenue falls 10% to $33.19 million

• Nerdy's third-quarter 2026 net loss narrowed 32% year over year to $12.84 million.
• Revenue fell 10% year over year to $33.2 million, reflecting lower Consumer revenue and the Varsity Tutors for Schools wind-down.
• Active Members declined 7% year over year to 31,800 at September 30, while retention improved year over year.
• Self-service registration and checkout initiatives ran more than three months behind plan, weighing on third-quarter customer acquisition.
• Fourth-quarter revenue is forecast at $37 million to $39 million, reflecting a smaller Active Member base following weaker third-quarter acquisition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nerdy Inc. published the original content used to generate this news brief on November 09, 2026, and is solely responsible for the information contained therein.