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. (NRDS) provides transparent financial guidance through its digital platform, connecting consumers with credit cards, mortgage, and insurance solutions. This page aggregates official press releases and verified news about the company’s strategic developments, financial performance, and market initiatives.
Investors and industry observers will find timely updates on quarterly earnings, product launches, and partnership announcements. All content is sourced directly from Nerdwallet or reputable financial publications to ensure accuracy and relevance.
Key updates include analyses of the company’s revenue-per-action model, expansions in personal finance tools, and leadership in fintech innovation. Bookmark this page to efficiently track NRDS’s progress in democratizing financial decision-making.
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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