NerdWallet Q1 revenue $129.1M (+43% YoY); Q2 guidance $118-121M

NERDWALLET, INC.

2022-Q1 EPS reported -$0.16 revenue$129,100,000

Revenue $129.1M (+43% YoY); GAAP net loss $10.5M ($0.16 diluted EPS) vs $12.9M loss prior year.
Adjusted EBITDA $8.9M vs $3.2M prior year; margin improved to 7% from 4%.
Credit cards revenue $45.2M (+97%); Loans $34.3M (+6%); Other verticals $49.6M (+43%).
Average MUUs 22M (-3% YoY); driven by strong engagement in SMB and credit cards offset by investing vertical.
Q2 2022 guidance: revenue $118-121M, Adj. EBITDA $8-10M.

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