earnings
confidence high
sentiment positive
materiality 0.75
NerdWallet Q3 revenue $142.6M (+45% YoY), GAAP net income $0.7M, Q4 rev guidance $138-141M
NERDWALLET, INC.
2022-Q3 EPS reported
-$0.28
revenue$396,900,000
- Revenue $142.6M, up 45% YoY; GAAP net income $0.7M vs. loss of $7.8M in Q3 2021.
- Credit cards revenue $57.4M (+59%), Loans $28.4M (-12% due to mortgage headwinds), Other verticals $56.8M (+87% from SMB/banking).
- Adjusted EBITDA $14.5M, down 31% YoY but up 15% QoQ; Q4 guidance: rev $138-141M, EBITDA $26-28M.
- Monthly Unique Users 19M (+11% YoY); growth driven by banking, travel, SMB; mortgage/investing declined.
- 2022 annual Adjusted EBITDA margin expected ~12%, up ~5pp YoY.