NerdWallet's Q2 2023 revenue reached $143.3 million, a 14% increase year-over-year. The company reported a GAAP net loss of $10.7 million, or $0.14 loss per diluted share, and an adjusted EBITDA of $20.7 million.
Revenue was $143.3 million, up 14% year-over-year.
GAAP net loss was $10.7 million, resulting in a $0.14 loss per diluted share.
Adjusted EBITDA reached $20.7 million.
Average Monthly Unique Users (MUUs) totaled 22 million, a 9% increase year-over-year.
NerdWallet provided revenue guidance for Q3 2023 in the range of $142 - $147 million and adjusted EBITDA between $18 - $20 million. The company expects a 2023 annual Adjusted EBITDA margin of over 15% and a non-GAAP operating income margin of approximately 2%.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance