Stock Track | NerdWallet Exceeds Expectations with Robust Q3 Results, Driven by Insurance and SMB Growth

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Personal finance company NerdWallet, Inc. (NRDS) reported impressive third quarter 2024 results that surpassed analysts' expectations. The company's strong performance was fueled by continued momentum in its insurance and small and medium-sized business (SMB) verticals, coupled with increased operational efficiency.

NerdWallet delivered quarterly revenue of $191.3 million, up a robust 25% year-over-year, outpacing the consensus estimate of $169.63 million. This topline growth was primarily driven by a 129% surge in the company's emerging verticals revenue, led by strength in insurance products. Additionally, NerdWallet's SMB products revenue rose 12% year-over-year, driven by growth in business credit cards and loan renewals.

On the profitability front, NerdWallet reported non-GAAP operating income of $22.9 million, significantly higher than the $9.5 million reported in the prior-year quarter. The company's GAAP income from operations also improved, rising 64% to $6.6 million. NerdWallet attributed this performance to increased operational efficiency and disciplined cost management, which helped offset headwinds such as organic traffic declines and a cautious underwriting environment.

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(NRDS) reported impressive third quarter 2024 results that surpassed analysts' expectations. The company's strong performance was fueled by continued momentum...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NRDS","symbol_name":"NerdWallet","start_time":0,"source_url":"","article_id":"1142914955","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1142914955","pubTimestamp":1730275347,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Personal finance company NerdWallet, Inc.  reported impressive third quarter 2024 results that surpassed analysts' expectations. 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