NerdWallet Q2 Revenue Beats, But EBITDA Misses; Guides Q3 Revenue Up 17%
NRDS sits 20% above its 52-week low of $7.33.
Summary
NerdWallet's Q2 revenue of $197.3M edged past the $195.3M consensus, but adjusted EBITDA of $23.1M missed the $23.48M estimate, down 31% year-over-year. The beat was driven by personal loans and deposit accounts, while credit card and SMB revenue suffered from organic search traffic declines. Management set Q3 revenue guidance at $244-$260M, implying 17% growth at the midpoint, and narrowed full-year adjusted EBITDA to $131-$147M. The mixed results and forward outlook will force traders to reassess the growth trajectory against ongoing search headwinds. Q3 results will be the next major checkpoint to see if the revenue acceleration materializes.
At the time of this announcement, NRDS was trading at $8.81 on NASDAQ in the Finance sector, with a market capitalization of approximately $581.7M. The 52-week trading range was $7.33 to $16.24. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.