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Jun 30, 2022
NerdWallet Q2 2022 Earnings Report
NerdWallet's Q2 2022 financial results were reported, with better-than-expected revenue and Adjusted EBITDA, along with a record quarter of registrations and continued diversification efforts.
Key Takeaways
NerdWallet reported a revenue of $125.2 million, representing a 37% year-over-year increase. The company's GAAP net loss was $9.3 million, or $0.14 loss per diluted share. Adjusted EBITDA was $12.7 million.
Revenue reached $125.2 million, a 37% increase year-over-year.
Credit cards revenue grew by 82% year-over-year to $54.6 million.
Loans revenue decreased by 26% year-over-year to $24.0 million, primarily due to a decline in mortgages.
Other verticals revenue increased by 58% year-over-year to $46.6 million, driven by SMB products and banking.
Revenue by Segment
Forward Guidance
NerdWallet is providing revenue guidance for Q3 2022 in the range of $135 - $141 million, representing a 40% year-over-year growth rate at the midpoint. Adjusted EBITDA is expected in the range of $8 - $10 million. The company expects a year-over-year increase in its 2022 annual Adjusted EBITDA margin.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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