NASDAQ$NRDS
NerdWallet Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
NerdWallet reported Q2 2023 results with revenue up 14% year-over-year.
NerdWallet's Q2 2023 revenue reached $143.3 million, a 14% increase year-over-year. The company reported a GAAP net loss of $10.7 million, or $0.14 loss per diluted share, and an adjusted EBITDA of $20.7 million.
- Revenue was $143.3 million, up 14% year-over-year.
- GAAP net loss was $10.7 million, resulting in a $0.14 loss per diluted share.
- Adjusted EBITDA reached $20.7 million.
- Average Monthly Unique Users (MUUs) totaled 22 million, a 9% increase year-over-year.
Headline financials
Revenue & EPS history
NerdWallet · Revenue · Quarterly
$143M
Revenue by segment
NerdWallet · $74.3M total across 2 segments · Q2 2023
- Credit cards$51.2M-6.2%68.9%
- Loans$23.1M-3.8%31.1%
Forward guidance
NerdWallet provided revenue guidance for Q3 2023 in the range of $142 - $147 million and adjusted EBITDA between $18 - $20 million. The company expects a 2023 annual Adjusted EBITDA margin of over 15% and a non-GAAP operating income margin of approximately 2%.
Tailwinds
- Revenue is expected in the range of $142 - $147 million for Q3 2023.
- Adjusted EBITDA is expected in the range of $18 - $20 million for Q3 2023.
- Expect a 2023 annual Adjusted EBITDA margin of over 15%.
- Expect a year-over-year increase of approximately three percentage points in annual Adjusted EBITDA margin.
- Non-GAAP operating income margin of approximately 2% for full year 2023.
Headwinds
- Variability is expected in quarterly margins.
- GAAP operating loss margin of approximately (1%) for full year 2023.
- 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.
- Achieving forward looking statements are subject to risks, uncertainties and other factors that may cause actual results or outcomes to be materially different.
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 Q2 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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