Overview

* NerdWallet ( NRDS ) 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 ( NRDS ) 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/Mis Actual Consensu

s s

Estimate

Q3 Beat $215.10 $193.48

Revenue mln mln (6

Analysts

)

Q3 Net $26.30

Income mln

Q3 Beat $53.60 $38.11

Adjusted mln mln (5

EBITDA Analysts

)

Q3 $35.50

Pretax mln

Profit

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 ( NRDS ) 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:

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(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.)