NASDAQ$NRDS
NerdWallet Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Achieved revenue growth, with monthly unique users up year-over-year.
NerdWallet reported Q3 2023 financial results with revenue of $152.8 million, a 7% increase year-over-year. The company experienced a GAAP net loss of $0.5 million, or $0.01 loss per diluted share, and an adjusted EBITDA of $26.7 million.
- Revenue reached $152.8 million, reflecting a 7% year-over-year increase.
- Credit cards revenue was $54.0 million, a 6% decrease year-over-year.
- Loans revenue totaled $32.9 million, up 16% year-over-year.
- Other verticals revenue amounted to $65.9 million, showing a 16% year-over-year increase.
Headline financials
Revenue & EPS history
NerdWallet · Revenue · Quarterly
$153M
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 provides guidance for Q4 2023 with revenue expected in the range of $136 - $140 million and Adjusted EBITDA in the range of $30 - $33 million. For full year 2023, the company expects an annual Adjusted EBITDA margin of approximately 16.5%, a GAAP operating income margin of approximately 1%, and a Non-GAAP operating income margin of approximately 4.5%.
Tailwinds
- Revenue is expected in the range of $136 - $140 million, (3%) year-over-year at the midpoint
- Adjusted EBITDA is expected in the range of $30 - $33 million
- We expect a 2023 annual Adjusted EBITDA margin of approximately 16.5%, a year-over-year increase of approximately four percentage points.
- GAAP operating income margin of approximately 1%
- Non-GAAP operating income margin of approximately 4.5%
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 Q3 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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