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Dec 31, 2024
NerdWallet Q4 2024 Earnings Report
NerdWallet reported strong fourth quarter 2024 results, exceeding expectations with significant revenue growth driven by insurance and banking, while also announcing a new Chief Financial Officer.
Key Takeaways
NerdWallet closed 2024 strong, with fourth quarter revenue reaching $183.8 million, a 37% increase year-over-year. This growth was primarily fueled by strong consumer and partner demand in the Insurance and Banking sectors. The company also announced the appointment of John H. Lee as Chief Financial Officer, effective March 17, 2025.
Fourth quarter 2024 revenue increased by 37% year-over-year to $183.8 million.
GAAP net income for Q4'24 was $38.6 million, or $0.51 per diluted share.
Adjusted EBITDA for Q4'24 was $30.8 million, up 5% year-over-year.
John H. Lee was appointed as the new Chief Financial Officer, effective March 17, 2025.
Revenue by Segment
Forward Guidance
For the first quarter of 2025, NerdWallet expects revenue between $187 million and $193 million, representing a 17% year-over-year increase at the midpoint. The company also provided full-year 2025 and 2026 guidance, anticipating continued growth in operating income and adjusted EBITDA.
Positive Outlook
- Q1 2025 revenue expected to be $187-$193 million, up 17% year-over-year at the midpoint.
- FY 2025 GAAP operating income expected to be $21-$31 million.
- FY 2025 non-GAAP operating income expected to be $50-$60 million.
- FY 2025 adjusted EBITDA expected to be $106-$116 million.
- FY 2026 targets include at least $60 million GAAP operating income, $80 million non-GAAP operating income, and $140 million adjusted EBITDA.
Challenges Ahead
- Q1 2025 GAAP operating loss expected to be $(12)-$(8) million.
- Q1 2025 non-GAAP operating income (loss) expected to be $(3)-$0 million.
- Q1 2025 adjusted EBITDA expected to be $10-$13 million.
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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