Nerdy SPAC Presentation Deck
Q1 2021 - Delivering Results Ahead of TPG Pace Forecast
Total Revenue
+50%
$23M
Q1 2020
$35M
Q1 2021
Online Revenue
+100%
$17M
Q1 2020
1
$35M
Q1 2021
Gross Margin
440+ bps
63%
Q1 2020
1. Online learning format revenue, defined as one-on-one online revenue and online group classes revenue and excludes in-person revenue. Transition to 100% online was completed in April 2020.
Note: Quarterly financial information is unaudited.
68%
Q1 2021
Revenue growth driven by
Learner and engagement
growth, as Learners increasingly
adopted our multi-format
approach to delivering
personalized learning
Margin expansion primarily
driven by the transition to
delivering instruction 100%
online, coupled with the
increased adoption of our paid
small class group offering
56
TPG nerdy
PACE
TECH OPPORTUNITIES
Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021View entire presentation