NRDS News & Events

Reports Q4 revenue $225.4M, consensus $211.4M. "We delivered Q4 revenue of $225 million, up 23% year-over-year, contributing to full-year revenue of $837 million, up 22% year-over-year," said Tim Chen, Co-Founder and Chief Executive Officer of NerdWallet. "Strength in performance marketing, direct, and non-search referral channels more than offset organic search headwinds as consumers turned to AI overviews and LLMs over traditional search. We saw particularly strong growth in personal loans and banking, which helped offset declines in credit cards and SMB. While we expect organic search to remain challenged, our focus remains on building durable consumer relationships and making NerdWallet a no-brainer destination for shopping financial products."

NerdWallet announced that its Board of Directors has authorized an additional $50M for the Company's share repurchase program to repurchase its Class A common stock. With this increase, the Company's total repurchase authorization now amounts to up to $125M of Class A common stock, which may be repurchased from time to time as market conditions warrant.