NASDAQ$NRDS
NerdWallet Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
NerdWallet's Q1 2024 results were reported, revealing a revenue of $161.9 million and exceeding guidance for adjusted EBITDA and non-GAAP operating income.
NerdWallet reported a Q1 2024 revenue of $161.9 million, a 5% decrease year-over-year. The company exceeded guidance for adjusted EBITDA and non-GAAP operating income, with a record quarter for monthly unique users and a growing registered user base of over 20 million.
- Revenue was $161.9 million, down 5% year-over-year.
- GAAP income from operations was $3.7 million.
- GAAP net income was $1.1 million, or $0.01 income per diluted share.
- Average Monthly Unique Users (MUUs) reached 29 million, up 25% year-over-year.
Headline financials
Revenue & EPS history
NerdWallet · Revenue · Quarterly
$162M
Revenue by segment
NerdWallet · $86.9M total across 2 segments · Q3 2023
- Credit cards$54M-5.9%62.1%
- Loans$32.9M+15.8%37.9%
Forward guidance
NerdWallet is providing guidance for the second quarter of 2024 with revenue expected in the range of $147-$152 million, up 4% year-over-year at the midpoint.
Tailwinds
- Revenue is expected to be in the range of $147-$152 million, up 4% year-over-year at the midpoint.
- Annual GAAP operating income margin is expected in the range of 3-4.5%.
- Annual non-GAAP operating income margin is expected in the range of 6.5-8%.
- Annual adjusted EBITDA margin is expected in the range of 18-19.5%.
- Depreciation and amortization estimated adjustments for Q2 is 11.5 million.
Headwinds
- GAAP operating loss is expected in the range of $(7)-$(4) million for Q2.
- Non-GAAP operating income (loss) is expected in the range of $(1.5)-$1.5 million for Q2.
- Acquisition-related retention estimated adjustments for Q2 is 1 million.
- Capitalized internally developed software costs estimated adjustments for Q2 is (7) million.
- The company is unable to calculate certain reconciling items with confidence.
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 2024
+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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