LegalZoom Q1 Revenue Beats, Ups Share Buyback

LegalZoom reported first-quarter revenue of $183.1 million, a 5.1% year-over-year increase that beat analyst expectations. Adjusted earnings per share were $0.13, up from $0.09 a year ago, with GAAP profit at $0.03 per share, both surpassing consensus estimates. Subscription revenue rose 8%, and subscription units increased 20%, supporting the company's focus on recurring revenue. Management reiterated guidance for roughly 5% full-year revenue growth and updated its adjusted EBITDA outlook to $165 million, with margins expanding to 20%. LegalZoom also announced a $100 million boost to its share repurchase program. Shares surged 14.6% in after-hours trading, though analysts cautioned that long-term sales growth remains modest and future results depend on continued subscription and product growth.