NASDAQ$NRDS
NerdWallet Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
NerdWallet's Q3 2024 financial results were reported, demonstrating revenue growth and strategic investments.
NerdWallet reported a 25% year-over-year increase in revenue, reaching $191.3 million. The company exceeded expectations for revenue and non-GAAP operating income, driven by strength in insurance and SMB sectors, alongside improved operational efficiency. NerdWallet also invested in its ecosystem strategy with the acquisition of Next Door Lending.
- Revenue reached $191.3 million, a 25% increase year-over-year.
- GAAP income from operations was $6.6 million.
- GAAP net income was $0.1 million, resulting in $0.00 income per diluted share.
- Non-GAAP operating income was $22.9 million.
Headline financials
Revenue & EPS history
NerdWallet · Revenue · Quarterly
$191M
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 provided guidance for the fourth quarter of 2024, projecting revenue between $164 and $172 million, GAAP operating income between $(1) and $3 million, non-GAAP operating income between $8 and $11 million, and adjusted EBITDA between $21.5 and $24.5 million.
Tailwinds
- Revenue is expected to grow by 26% year-over-year at the midpoint.
- Estimated adjustments include depreciation and amortization of $12 million.
- Estimated adjustments include acquisition-related retention of $1 million.
- Estimated adjustments include acquisition-related expenses of $0 million.
- Non-GAAP operating income is expected to range from $8 to $11 million.
Headwinds
- GAAP operating income (loss) is expected to be in the range of $(1) to $3 million.
- Estimated adjustments include restructuring between $0 and $1 million.
- Estimated adjustments include capitalized internally developed software costs of $(5) million.
- The company is 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.
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 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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