Earnings release
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nerdy NEWS RELEASE Nerdy Announces First Quarter 2021 Financial Results 5/5/2021 Q1 online sales growth accelerated to 100 % YOY Active Learner growth increased 67 % ST . LOUIS -- Nerdy today announced financial results for the first quarter ended March 31 , 2021 . " We are excited to report record first quarter results that reflect accelerating top line growth as several key company initiatives came together to deliver strong Learner and engagement growth , " said Chuck Cohn , Founder , Chairman and Chief Executive Officer of Nerdy . " In the first half of 2020 , the COVID - 19 pandemic and resulting closures of schools and testing centers created short - term challenges for our business that we innovated our way through . As states re - open and schools return to in - person instruction , we are seeing demand for our learning solutions accelerate . We are encouraged by both the anticipated return to a new normal given the positive impact we expect such a return will have on our business as well as the strong results we are seeing from our investments in growth and innovation . " Please visit the Nerdy investor relations website https://www.nerdy.com/investors to view the first quarter 2021 shareholder letter . About Nerdy Nerdy is a leading curated direct - to - consumer platform for live online learning . Nerdy's mission is to transform the way people learn through technology . The Company's purpose - built proprietary platform leverages technology , including Al , to connect learners of all ages to experts , delivering superior value on both sides of the network . Nerdy's comprehensive learning destination provides learning experiences across 3,000+ subjects and multiple formats — including one - on - one instruction , small group classes , large format group classes , and adaptive self- 1