NerdWallet's Q3 2024 Earnings

Plus commentary on their card business and more

NerdWallet announced earnings on Tuesday. In Wednesday’s trading, their stock (NRDS) was up 33%. Clearly investors liked what they heard.

Here’s how they summarized their quarter:

They unpacked their revenues by business unit:

Credit Cards

The NerdWallet team pointed to tighter lender conditions as the source of their 16% YoY decline.

Data from the St. Louis Fed confirms that story.

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