Earnings release
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nerdy NEWS RELEASE Nerdy Announces Third Quarter 2021 Financial Results 11/15/2021 ST . LOUIS -- ( BUSINESS WIRE ) -- Nerdy ( NYSE : NRDY ) today announced financial results for the third quarter ended September 30 , 2021 . " As students returned to classrooms across the country , we experienced record bookings in the quarter , along with continued strong performance in our key operating metrics . This increased demand validates a long - held understanding we've had about our business : when learning and outcomes matter to students , our business accelerates , " said Chuck Cohn , Founder , Chairman and Chief Executive Officer of Nerdy Inc. " With schools reopened , we've seen strong positive momentum across every area of our business - K12 , college , and professional - as well as from the addition of Varsity Tutors for Schools , a trend that has continued into October and November . " Please visit the Nerdy investor relations website https://www.nerdy.com/investors to view the Nerdy Q3 2021 Shareholder Letter . Q3 2021 and Year - to - Date Highlights • Record Back - to - School Demand - Nerdy experienced record back - to - school performance with bookings of $ 44.5 million in the third quarter , an increase of 32 % year over year . The combined bookings in September and October in the direct - to - consumer business grew at 31 % versus the same period a year ago and total bookings , inclusive of K12 institutional strategy grew 63 % . • Operating Metrics - Active Learners increased 36 % and Online Sessions grew 45 % year - over - year in Q3 . The Company significantly increased the number of Active Experts in Q3 , up 23 % , while maintaining roughly the same number of Sessions Taught per Active Expert . • Revenue Growth – Third quarter revenue of $ 31.3 million increased 19 % year over year . Growth was impacted 1