NerdWallet Inc. (NRDS) shares surged 14.59% in the after-hours trading session on Wednesday, driven by the company's impressive fourth-quarter 2024 results and upbeat guidance for the current 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. This strong performance was fueled by robust growth in the company's insurance segment, which saw revenue skyrocket by 821% compared to the same period last year. NerdWallet also witnessed solid demand for its banking and other emerging products.
Additionally, NerdWallet announced the appointment of John H. Lee as the company's new Chief Financial Officer, effective March 17, 2025. Lee brings extensive experience from his previous roles at Divvy Homes, Blackstone, and TPG Capital, signaling NerdWallet's focus on strategic initiatives to drive sustainable growth and create long-term value.
Looking ahead, NerdWallet provided an optimistic outlook for the first quarter of 2025, forecasting revenue between $187 million and $193 million, surpassing analysts' expectations of $178.7 million. The company also expects adjusted EBITDA to range from $10 million to $13 million for the current quarter.
For the full year 2025, NerdWallet anticipates annual GAAP operating income between $21 million and $31 million, with non-GAAP operating income projected to fall within the range of $50 million to $60 million. The company's guidance for 2025 adjusted EBITDA stands at $106 million to $116 million, reflecting its confidence in continued growth and profitability.
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