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Dec 31, 2023
NerdWallet Q4 2023 Earnings Report
NerdWallet's Q4 2023 financial performance reflected a revenue decrease of 6% year-over-year, alongside strategic improvements aimed at enhancing efficiency and operational effectiveness.
Key Takeaways
NerdWallet reported a Q4 revenue of $133.7 million, a 6% decrease year-over-year. The company focused on structural improvements to increase efficiency and improve operations. Despite not meeting revenue or adjusted EBITDA outlook for Q4, the full year revenue increased by 11% compared to the previous year.
Q4 revenue was $133.7 million, a 6% decrease year-over-year.
GAAP income from operations was $4.6 million for Q4.
GAAP net loss was $2.3 million, or $0.03 loss per diluted share for Q4.
Non-GAAP operating income was $12.6 million for Q4.
Revenue by Segment
Forward Guidance
For the first quarter of 2024, NerdWallet expects revenue in the range of $155-$160 million, GAAP operating income in the range of $0-$3 million, Non-GAAP operating income in the range of $5-$8 million, and Adjusted EBITDA in the range of $21-$24 million.
Positive Outlook
- Revenue is expected in the range of $155-$160 million for Q1 2024.
- GAAP operating income is expected in the range of $0-$3 million for Q1 2024.
- Non-GAAP operating income is expected in the range of $5-$8 million for Q1 2024.
- Adjusted EBITDA is expected in the range of $21-$24 million for Q1 2024.
- The company expects a 2024 annual GAAP operating income margin in the range of 3-4.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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