NASDAQ$NRDS
NerdWallet Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported solid financial results in Q1 2023, with revenue up 31% year-over-year.
NerdWallet reported a strong start to 2023 with revenue of $169.6 million, up 31% year-over-year. The company focused on executing against its growth pillars, expanding financial guidance, and investing in consumer experiences. Despite anticipating macro pressures, NerdWallet continues to operate with efficiency and aims to deliver long-term value.
- Revenue of $169.6 million, up 31% year-over-year.
- GAAP net income of $1.7 million and $0.02 income per diluted share.
- Adjusted EBITDA of $20.9 million.
- Board of Directors approved a share repurchase plan with $20 million authorization.
Headline financials
Revenue & EPS history
NerdWallet · Revenue · Quarterly
$170M
Revenue by segment
NerdWallet · $83.3M total across 2 segments · Q1 2023
- Credit cards$61.3M+35.6%73.6%
- Loans$22M-35.9%26.4%
Forward guidance
NerdWallet provided guidance for the second quarter of 2023 with revenue expected in the range of $134 - $141 million and Adjusted EBITDA expected in the range of $17 - $19 million.
Tailwinds
- Focused on delivering profitability to ensure investment flexibility.
- Driving sustainable growth across credit cycles.
- Expect year-over-year increase in 2023 annual Adjusted EBITDA margin.
- Revenue is expected in the range of $134 - $141 million, 10% year-over-year growth rate at midpoint
- Adjusted EBITDA is expected in the range of $17 - $19 million
Headwinds
- Near-term macro headwinds in areas such as credit cards and insurance may pressure revenue growth compared to Q1 2023 levels.
- Variability in quarterly margins is expected.
- Unable to calculate certain reconciling items with confidence.
- Income taxes are directly impacted by unpredictable fluctuations in the market price of the Company’s capital stock.
- Depreciation and amortization expense from acquisitions are uncertain.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+6.0%
Avg return
Earnings day
+4.1%
Avg return
5 days after
+4.8%
Avg return
30 days after
55%
12 / 22 earnings
Positive
+43.5%
Q3 2023
Best reaction
-28.6%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.8% | -22.8% | -26.8% | |
| Q4 2025 | +7.5% | +11.2% | -3.1% | |
| Q3 2025 | -2.0% | +1.5% | +26.7% | |
| Q1 2025 | +29.2% | +40.1% | +31.8% | |
| Q4 2024 | -18.6% | -25.0% | -34.8% | |
| Q3 2024 | +30.1% | +25.3% | +22.9% | |
| Q2 2024 | -27.8% | -31.8% | -18.4% | |
| Q1 2024 | -6.3% | -8.6% | -0.2% | |
| Q4 2023 | +4.1% | +8.0% | -2.4% | |
| Q3 2023 | +43.5% | +65.6% | +70.7% | |
| Q2 2023 | -8.1% | -10.1% | -13.9% | |
| Q1 2023 | -28.6% | -33.6% | -29.5% | |
| Q4 2022 | +27.3% | +24.0% | +18.9% | |
| Q3 2021 | +27.7% | +26.0% | +20.1% | |
| Q3 2022 | +27.7% | +26.0% | +20.1% | |
| Q2 2021 | +11.2% | +12.9% | +10.7% | |
| Q2 2022 | +6.3% | +9.3% | +9.9% | |
| Q1 2022 | -1.0% | -20.8% | +17.3% | |
| Q1 2021 | -1.0% | -20.8% | +17.3% | |
| Q4 2019 | -2.2% | +3.3% | -23.7% | |
| Q4 2020 | -2.2% | +3.3% | -23.7% | |
| Q4 2021 | +13.1% | +6.3% | +16.8% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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