Nerdwallet, Inc. Stock Price, News & Analysis

NerdWallet, a prominent financial guidance platform, awarded MPOWER Financing as the Best Student Loan Provider for International and DACA Students in their 2023 Best-Of Awards. This recognition stems from a detailed evaluation conducted by over 40 NerdWallet experts who reviewed more than 1,000 financial products. MPOWER's mission-driven approach focuses on providing collateral-free and cosigner-free loans, along with additional support to international students. The award underscores the company's commitment to making education more accessible, as it partners with over 400 universities in the U.S. and Canada.

NerdWallet, Inc. (Nasdaq: NRDS) reported strong financial results for Q4 and full year 2022. Q4 revenue reached $142.0 million, a 43% increase year-over-year, with a net income of $8.9 million, or $0.12 per diluted share. Full year revenue totaled $538.9 million, but the company posted a net loss of $10.2 million for the full year. Adjusted EBITDA for Q4 was $31.0 million, reflecting a 130% increase from the previous year. The company also reported a surge in registered users by over 80%, reaching 14.0 million. Despite challenges in loan revenues, particularly mortgages, growth was driven by strong performance in credit cards and other verticals.

NerdWallet (NASDAQ: NRDS) will release its fourth quarter and full-year 2022 financial results on February 14, 2023, followed by a conference call at 1:30 p.m. PT. Investors can access the call through the registration link provided on NerdWallet's Investor Relations website. A shareholder letter will also be available on the same platform. The webcast replay will be accessible for 12 months after the event. NerdWallet aims to empower consumers with reliable financial information to aid in making informed financial decisions.

NerdWallet, Inc. (Nasdaq: NRDS) reported a 45% revenue increase to $142.6 million for Q3 2022. Net income stood at $0.7 million, with diluted earnings per share at $0.01. Adjusted EBITDA was $14.5 million. Key growth areas included a 59% rise in credit card revenue to $57.4 million, though loans revenue declined 12% to $28.4 million due to higher interest rates. Other verticals soared by 87% to $56.8 million. Average Monthly Unique Users increased by 11% to 19 million. The company is focused on becoming a trusted financial ecosystem through strategic investments and product enhancements.

NerdWallet, Inc. (Nasdaq: NRDS) has published its inaugural 2022 Environmental, Social and Governance (ESG) Report, outlining its commitment to enhancing financial guidance with ESG principles. The report focuses on three key areas: access to financial tools, employee development, and social responsibility. Initiatives include the Financial Equality Project, which deposited $2 million into the Self-Help Federal Credit Union, aimed at underserved communities. CEO Tim Chen emphasizes accountability and integrity in business practices.

NerdWallet (NASDAQ: NRDS) has announced the release of its third quarter 2022 financial results on November 2, 2022, with a related conference call scheduled for 1:30 p.m. Pacific Time on the same day. Interested parties can access the call through the registration link on NerdWallet’s Investor Relations site. A replay of the webcast will be available for 12 months following the event, providing detailed insights for investors and stakeholders.

NerdWallet, Inc. (Nasdaq: NRDS) has appointed Maurice Taylor, Portfolio Manager at Alyeska Investment Group, to its Board of Directors, effective October 1, 2022. Maurice will also join the Audit Committee. With extensive experience in public equity investing and capital markets across various sectors, he aims to provide strategic insights to strengthen NerdWallet's mission of financial clarity. CEO Tim Chen expressed confidence in Maurice's knowledge and fresh perspective, which will aid the company's growth.