NerdWallet Q1 revenue $161.9M (-5% YoY); beats adjusted EBITDA guidance

NERDWALLET, INC.

2024-Q1 EPS reported $0.01 revenue$161,900,000

Revenue $161.9M, down 5% YoY; GAAP net income $1.1M ($0.01 diluted EPS).
Adjusted EBITDA $25.5M and non-GAAP operating income $10.6M; both exceeded guidance.
Credit cards revenue $50.0M (-19% YoY); SMB products $30.4M (+21% YoY).
Monthly Unique Users 29M (+25% YoY); registered users surpassed 20M.
CFO expects revenue growth to return in Q2.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NERDWALLET, INC. reported first quarter ended March 31, 2024 results: revenue $161.9 million, net income $1.1 million, EPS $0.01 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $161.9 million
Net income: $1.1 million
EPS: $0.01 per diluted share
Result: reported results

Exact text from the filing

the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. --- EX-99.1 (EX-99.1) --- NERDWALLET REPORTS FIRST QUARTER 2024 RESULTS Revenue of $161.9 million, Down 5% Year-Over-Year FINANCIAL HIGHLIGHTS • Revenue of $161.9 million • GAAP income from operations of $3.7 million • GAAP net income of $1.1 million or $0.01 income per

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NERDWALLET, INC. filing history →

Source: SEC EDGAR

accession 0001625278-24-000100

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