NerdWallet Q3 revenue beats estimates

NerdWallet

06/11/2025 21:21

Overview

NerdWallet Q3 revenue rises 12% yr/yr to $215.1 mln, beating analyst expectations

Adjusted EBITDA for Q3 beats estimates, reflecting operational efficiency gains

Loans and emerging verticals revenue saw significant growth, driven by personal loans and banking products

Outlook

Company expects Q4 revenue between $207 mln and $215 mln

NerdWallet raises 2025 annual GAAP operating income forecast to $59-$63 mln

Company increases 2025 annual adjusted EBITDA forecast to $141-$145 mln

Result Drivers

LOANS GROWTH - Loans revenue increased 66% yr/yr, driven by personal and mortgage loans, aided by the integration of Next Door Lending acquisition

EMERGING VERTICALS - Emerging verticals revenue rose 83% yr/yr, driven by growth in banking products

CREDIT CARD DECLINE - Credit cards revenue fell 25% yr/yr due to headwinds in organic search traffic

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$215.10 mln
$193.48 mln (6 Analysts)
Q3 Net Income
$26.30 mln
Q3 Adjusted EBITDA
Beat
$53.60 mln
$38.11 mln (5 Analysts)
Q3 Pretax Profit
$35.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the consumer lending peer group is "buy"

Wall Street's median 12-month price target for NerdWallet Inc is $14.50, about 17% above its November 5 closing price of $12.04

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nBw4yCdHPa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)