Welcome to our dedicated page for NerdWallet news (Ticker: NRDS), a resource for investors and traders seeking the latest updates and insights on NerdWallet stock.
NerdWallet, Inc. (Symbol: NRDS) is a dynamic company dedicated to simplifying financial decisions for consumers and small businesses. Headquartered in San Francisco, NerdWallet provides a comprehensive range of resources to help users navigate financial complexities. Whether you're looking to optimize your credit card usage, find the best bank accounts, secure a mortgage, choose insurance, or manage loans and medical expenses, NerdWallet offers free, accessible tools, research, and expert advice.
Founded on the principle that financial choices should be clear and straightforward, NerdWallet has become a trusted name in personal finance. The company collaborates with various financial service providers and earns revenue through diverse models including revenue per action, click, lead, and funded loan arrangements.
With over 200 dedicated employees, affectionately referred to as “nerds,” NerdWallet is backed by substantial capital from prominent investors like IVP, RRE Ventures, iGlobe Partners, and Silicon Valley Bank. This financial strength enables NerdWallet to innovate continuously and expand its offerings.
Recognized as one of the best places to work by the Bay Area News Group, NerdWallet offers an exceptional benefits package, flexible vacation policies, and unique perks such as catered meals and a dog-friendly office. The company also emphasizes community engagement, providing employees with dedicated time for volunteering.
NerdWallet is on a robust growth trajectory, attracting top talent from industry leaders including Box, JPMorgan, LinkedIn, Trulia, Visa, and Zynga. For those interested in joining a pioneering team in the personal finance industry, NerdWallet presents exciting opportunities for career advancement.
- Recent Achievements: Expansion of tools and services to cover a wider range of financial decisions.
- Current Projects: Enhancements to the user interface and development of new financial planning tools.
- Partnerships: Collaborations with top financial institutions to offer exclusive deals and services to users.
NerdWallet (NRDS) has announced its 2025 Best-Of Awards, recognizing top financial products across multiple categories. The comprehensive evaluation involved 44 expert journalists and subject-matter experts who analyzed over 1,000 financial products to select category winners.
The awards cover diverse financial sectors including Credit Cards, Personal Loans, Banking, Investing, Mortgages, Insurance, and Travel Rewards. Notable winners include Wells Fargo Active Cash® Card for Simple Cash Back, Discover for Best Personal Loan Overall, Ally Bank for Best Bank, Interactive Brokers for Best Online Broker for Advanced Traders, U.S. Bank for Best Mortgage Lender Overall, and Geico for Best Budget-Friendly Auto Insurance.
The selection process involved hundreds of hours of research, analyzing terms, rates, and rewards to identify products offering the most value to consumers. The Best-Of Awards aim to simplify consumer decision-making by providing trustworthy, objective, data-based recommendations.
NerdWallet (NRDS) reported Q3 2024 revenue of $191.3 million, up 25% year-over-year, with GAAP income from operations of $6.6 million and net income of $0.1 million. The company saw strong performance in insurance and SMB products, while credit cards revenue decreased 16% to $45.3 million and loans revenue fell 28% to $23.8 million. Monthly Unique Users declined 7% to 22 million. The company announced CFO Lauren StClair's resignation effective March 2025 and a new $25 million share repurchase authorization. NerdWallet also acquired Next Door Lending to strengthen its mortgage brokerage capabilities.
NerdWallet (NASDAQ: NRDS), a provider of financial guidance to consumers and small and mid-sized businesses, has announced its plans to release third quarter 2024 financial results on Tuesday, October 29, 2024. The company will host a conference call to discuss these results at 1:30 p.m. Pacific Time on the same day.
Investors and interested parties can access the webcast or audio conference by registering through the link available on NerdWallet's Investor Relations site. A letter to shareholders will also be posted on this site. The webcast replay will remain accessible on the Investor Relations website for 12 months following the event.
NerdWallet (NRDS) has announced a new $50 million share repurchase program, replacing its previous $30 million program which had been exhausted. The company's Board of Directors has authorized this program, allowing NerdWallet to purchase its Class A common stock from time to time, based on market conditions. Repurchases may be made in the open market, through private negotiations, or other means compliant with securities laws. The program has no time limit and can be amended, suspended, or discontinued at any time. The amount and timing of repurchases will be determined by management, considering factors such as market conditions, regulatory requirements, and stock prices.
NerdWallet (Nasdaq: NRDS) reported its Q2 2024 results, highlighting a 5% YoY revenue increase to $150.6M. Key financials include a GAAP net loss of $9.4M or $0.12 per diluted share and a non-GAAP operating loss of $2.7M. Adjusted EBITDA was $14.3M. The company faced headwinds in organic search traffic but sees early recovery signs and remains optimistic about its long-term targets.
Revenue segments showed mixed results: Credit cards down 10% YoY, Loans down 6% YoY, SMB products up 10% YoY, and Emerging verticals up 25% YoY. Average Monthly Unique Users (MUUs) rose 7% YoY to 23M.
NerdWallet announced a restructuring plan effective August 1, 2024, to reduce operating expenses by cutting 15% of its workforce, expecting annualized cost savings of $30M despite a pre-tax restructuring charge estimated between $8M and $10M.
NerdWallet (NASDAQ: NRDS) has announced it will release its second quarter 2024 financial results on July 31, 2024. A conference call to discuss these results will be held at 1:30 p.m. Pacific Time on the same day. Interested parties can access the call through a registration link available on NerdWallet's Investor Relations website. Additionally, a letter to shareholders will be posted, and a replay of the webcast will remain accessible for 12 months.
Education Loan Finance (ELFI) has been awarded the Best Student Loan Refinancing for Parents by NerdWallet in its 2024 Best-Of Awards. Announced on July 10, 2024, the awards highlight top financial products across various categories, based on evaluations by a team of experts. ELFI, a division of SouthEast Bank, offers refinancing options for undergraduate, graduate, and parent student loans, underlining its commitment to excellent service and product offerings. The recognition confirms ELFI's position as a reliable option for parents seeking student loan refinancing.
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