NerdWallet Projects Q4 Revenue Between $191M and $203M Amid Auto Insurance Headwinds
NerdWallet (NRDS) reported third-quarter revenue of $240 million, representing an 11% increase year-over-year. The company also achieved a non-GAAP operating income (NGOI) of $30 million during the period, according to CEO Tim Chen. Despite the quarterly growth, management issued a cautious outlook for the fourth quarter, forecasting revenue in the range of $191 million to $203 million. This guidance reflects ongoing monetization challenges within the auto insurance sector, which is expected to weigh on near-term performance.
Tickers: $NRDS
Topics: financial results operating income revenue growth
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