NerdWallet Q1 2023: revenue up 31% to $169.6M, net income $1.7M, approves $20M buyback

NERDWALLET, INC.

2023-Q1 EPS reported $0.02 revenue$169,600,000

Revenue $169.6M (+31% YoY); GAAP net income $1.7M ($0.02 EPS) vs loss of $10.5M (-$0.16) YoY.
Adjusted EBITDA $20.9M (12% margin), up 134% from $8.9M (7% margin) in prior year.
Credit cards revenue +36% to $61.3M; Other verticals +74% to $86.3M; Loans -36% to $22.0M.
Board approved $20M share repurchase plan with no expiration date.
Q2 2023 guidance: revenue $134-141M, Adjusted EBITDA $17-19M, citing macro headwinds.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NERDWALLET, INC. reported first quarter ended March 31, 2023 results: revenue $169.6 million, net income $1.7 million, EPS $0.02 income per diluted share.

Period: first quarter ended March 31, 2023
Revenue: $169.6 million
Net income: $1.7 million
EPS: $0.02 income per diluted share
Result: reported results

Exact text from the filing

Revenue of $169.6 million, Up 31% Year-Over-Year

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

NERDWALLET, INC. filing history →

Source: SEC EDGAR

accession 0001625278-23-000055

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