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Sep 30, 2023
NerdWallet Q3 2023 Earnings Report
Achieved revenue growth, with monthly unique users up year-over-year.
Key Takeaways
NerdWallet reported Q3 2023 financial results with revenue of $152.8 million, a 7% increase year-over-year. The company experienced a GAAP net loss of $0.5 million, or $0.01 loss per diluted share, and an adjusted EBITDA of $26.7 million.
Revenue reached $152.8 million, reflecting a 7% year-over-year increase.
Credit cards revenue was $54.0 million, a 6% decrease year-over-year.
Loans revenue totaled $32.9 million, up 16% year-over-year.
Other verticals revenue amounted to $65.9 million, showing a 16% year-over-year increase.
Revenue by Segment
Forward Guidance
NerdWallet provides guidance for Q4 2023 with revenue expected in the range of $136 - $140 million and Adjusted EBITDA in the range of $30 - $33 million. For full year 2023, the company expects an annual Adjusted EBITDA margin of approximately 16.5%, a GAAP operating income margin of approximately 1%, and a Non-GAAP operating income margin of approximately 4.5%.
Positive Outlook
- Revenue is expected in the range of $136 - $140 million, (3%) year-over-year at the midpoint
- Adjusted EBITDA is expected in the range of $30 - $33 million
- We expect a 2023 annual Adjusted EBITDA margin of approximately 16.5%, a year-over-year increase of approximately four percentage points.
- GAAP operating income margin of approximately 1%
- Non-GAAP operating income margin of approximately 4.5%
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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