Intuit's TurboTax lost 1M free users this tax season
Intuit has been working to cater TurboTax to those with more complicated tax situations, betting that those customers could use online help from experts.
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Intuit has been working to cater TurboTax to those with more complicated tax situations, betting that those customers could use online help from experts.
Ten million people used TurboTax for free this year to file their taxes, a drop of about 1 million from a year ago, Intuit said.
(Bloomberg) -- Intuit Inc. reported tax season revenue that exceeded estimates as more customers opted for higher-priced features. Still, the shares fell on investor concerns about a loss in the number of people who use the company’s TurboTax service for free.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesHarvard Students Walk Out of Commencement Protesting SuspensionsSpaceX Weighs Plan to Sell Shares at $200 Billion ValuationStocks Join Bonds in Falling as Fed
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