NerdWallet Inc. (NRDS) saw its stock surge 7.80% in the pre-market trading session on Thursday, following the company's impressive fourth-quarter 2024 earnings report and upbeat guidance for the upcoming quarter and full year 2025.
The personal finance company reported a 37% year-over-year increase in revenue for Q4 2024, reaching $183.8 million, driven by robust growth in its insurance segment and solid demand for its banking and other emerging products. NerdWallet's earnings per share swung to a profit of $0.51, compared to a loss of $0.03 in the same period last year, surpassing analysts' expectations.
Additionally, NerdWallet announced the appointment of John H. Lee as the company's new Chief Financial Officer, effective March 17, 2025, signaling its focus on strategic initiatives to drive sustainable growth and create long-term value.
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