QuinStreet Reports Record Results for First Quarter Fiscal 2025
QuinStreet (QNST) reported record Q1 FY2025 results with revenue of $279.2 million, up 125% year-over-year. Auto insurance revenue surged 664% YoY, while home services revenue grew 32%. Despite posting a GAAP loss of $1.4 million ($0.02 per share), adjusted net income was $12.5 million ($0.22 per share) with adjusted EBITDA of $20.3 million.
The company raised its FY2025 outlook, projecting revenue between $975 million and $1.025 billion, with adjusted EBITDA between $75-80 million. Q2 guidance expects revenue of $235-245 million and adjusted EBITDA of $17.5-18.5 million.
QuinStreet (QNST) ha riportato risultati record per il primo trimestre dell'anno fiscale 2025, con un fatturato di $279,2 milioni, in aumento del 125% rispetto all'anno precedente. I ricavi dell'assicurazione auto sono aumentati del 664% su base annua, mentre i ricavi dei servizi domestici sono cresciuti del 32%. Nonostante un risultato negativo in base ai principi contabili GAAP di $1,4 milioni ($0,02 per azione), l'utile netto rettificato è stato di $12,5 milioni ($0,22 per azione), con un EBITDA rettificato di $20,3 milioni.
L'azienda ha alzato le previsioni per l'anno fiscale 2025, stimando un fatturato compreso tra $975 milioni e $1,025 miliardi, con un EBITDA rettificato tra $75-80 milioni. Le indicazioni per il secondo trimestre prevedono un fatturato di $235-245 milioni e un EBITDA rettificato di $17,5-18,5 milioni.
QuinStreet (QNST) informó resultados récord para el primer trimestre del año fiscal 2025, con ingresos de $279.2 millones, un aumento del 125% interanual. Los ingresos por seguros de auto aumentaron un 664% en comparación con el año anterior, mientras que los ingresos por servicios para el hogar crecieron un 32%. A pesar de reportar una pérdida GAAP de $1.4 millones ($0.02 por acción), el ingreso neto ajustado fue de $12.5 millones ($0.22 por acción) con un EBITDA ajustado de $20.3 millones.
La compañía elevó su perspectiva para el año fiscal 2025, proyectando ingresos entre $975 millones y $1.025 mil millones, con un EBITDA ajustado entre $75-80 millones. La guía para el segundo trimestre espera ingresos de $235-245 millones y un EBITDA ajustado de $17.5-18.5 millones.
QuinStreet (QNST)는 FY2025 첫 분기에 기록적인 실적을 발표했으며, 매출은 $279.2 백만으로, 전년 대비 125% 증가했습니다. 자동차 보험 매출은 전년 대비 664% 급증했으며, 홈 서비스 매출은 32% 증가했습니다. GAAP 기준으로 $1.4 백만 ($0.02 주당)의 손실을 기록했지만, 조정된 순이익은 $12.5 백만 ($0.22 주당)으로, 조정된 EBITDA는 $20.3 백만을 기록했습니다.
회사는 FY2025 전망을 상향 조정하여 매출을 $975 백만과 $1.025 백만 사이로 예상하고, 조정된 EBITDA는 $75-80 백만으로 예상합니다. 2분기 가이드는 매출이 $235-245 백만, 조정된 EBITDA는 $17.5-18.5 백만으로 예상하고 있습니다.
QuinStreet (QNST) a publié des résultats record pour le premier trimestre de l'exercice 2025, avec un chiffre d'affaires de $279,2 millions, en hausse de 125 % par rapport à l'année précédente. Les revenus de l'assurance automobile ont grimpé de 664 % d'une année sur l'autre, tandis que ceux des services à domicile ont augmenté de 32 %. Malgré une perte GAAP de 1,4 million de dollars (0,02 $ par action), le bénéfice net ajusté s'élevait à 12,5 millions de dollars (0,22 $ par action) avec un EBITDA ajusté de 20,3 millions de dollars.
La société a relevé ses prévisions pour l'exercice 2025, s'attendant à un chiffre d'affaires compris entre 975 millions et 1,025 milliard de dollars, avec un EBITDA ajusté compris entre 75 et 80 millions de dollars. Les prévisions pour le deuxième trimestre prévoient un chiffre d'affaires de 235 à 245 millions de dollars et un EBITDA ajusté de 17,5 à 18,5 millions de dollars.
QuinStreet (QNST) berichtete für das erste Quartal des Geschäftsjahres 2025 von Rekordzahlen, mit einem Umsatz von $279,2 Millionen, was einer Steigerung von 125 % im Jahresvergleich entspricht. Die Einnahmen aus der Autoversicherungsbranche stiegen im Vergleich zum Vorjahr um 664 %, während die Einnahmen aus Hausservices um 32 % wuchsen. Obwohl ein GAAP-Verlust von $1,4 Millionen ($0,02 pro Aktie) verzeichnet wurde, betrug das bereinigte Nettoumsatz $12,5 Millionen ($0,22 pro Aktie) mit einem bereinigten EBITDA von $20,3 Millionen.
Das Unternehmen hat seine Prognose für das Geschäftsjahr 2025 angehoben und erwartet einen Umsatz zwischen $975 Millionen und $1,025 Milliarden, mit einem bereinigten EBITDA zwischen $75-80 Millionen. Die Erwartungen für das zweite Quartal liegen bei einem Umsatz von $235-245 Millionen und einem bereinigten EBITDA von $17,5-18,5 Millionen.
- Record quarterly revenue of $279.2M, up 125% YoY
- Auto insurance revenue growth of 664% YoY
- Home services revenue up 32% YoY
- Adjusted EBITDA of $20.3M
- Raised full-year guidance to $975M-$1.025B revenue
- GAAP net loss of $1.4M ($0.02 per share)
- Expected impact from FCC changes to TCPA rules in January 2025
Insights
QuinStreet delivered an exceptional Q1 FY2025 with
The raised FY2025 guidance of
While upcoming FCC changes to TCPA rules present a near-term transition challenge, management's view of this as a long-term positive differentiator merits attention.
The market dynamics driving QuinStreet's growth reveal a significant shift in the insurance sector. The
The
-
Record quarterly revenue of
, up$279 million 125% YoY -
Record auto insurance quarterly revenue, up
664% YoY; Strong demand continues -
Record home services quarterly revenue, up
32% YoY - Raising full fiscal year 2025 revenue and Adjusted EBITDA outlook
For the fiscal first quarter, the Company reported revenue of
GAAP loss for the fiscal first quarter was
Adjusted EBITDA for the fiscal first quarter was
“Fiscal first quarter revenue grew
“The outlook for auto insurance going forward remains strong. Carriers continue to report good results overall and from our channel. We are focused on increasing and optimizing media supply to meet surging carrier demand. Those efforts should eventually further expand margins. Turning to our outlook for fiscal Q2, we expect revenue to be between
“Though it is still early, we are raising our full fiscal year 2025 outlook. Full fiscal year revenue is now expected to be between
“Finally, we know FCC changes to TCPA rules scheduled to go into effect in January are an area of investor interest. We have included the expected impact from the transition to the new rules in our outlook. Beyond the period of transition to the new rules, we expect the changes to be a positive for QuinStreet and for the channel by raising the bar on competition, and by improving client and consumer results,” concluded Valenti.
Conference Call Today at 2:30 p.m. PT
The Company will host a conference call and corresponding live webcast at 2:30 p.m. PT. To access the conference call dial +1 800-717-1738 (domestic) or +1 646-307-1865 (international). A replay of the conference call will be available beginning approximately two hours after the completion of the call by dialing +1 844-512-2921 (domestic) or +1 412-317-6671 (international) and using passcode #1189299. The webcast of the conference call will be available live and via replay on the investor relations section of the Company's website at http://investor.quinstreet.com.
About QuinStreet
QuinStreet, Inc. (Nasdaq: QNST) is a leader in performance marketplaces and technologies for the financial services and home services industries. QuinStreet is a pioneer in delivering online marketplace solutions to match searchers with brands in digital media, and is committed to providing consumers with the information and tools they need to research, find and select the products and brands that meet their needs.
Non-GAAP Financial Measures and Definitions of Client Verticals
This release and the accompanying tables include a discussion of adjusted EBITDA, adjusted net income, adjusted diluted net income per share and free cash flow and normalized free cash flow, all of which are non-GAAP financial measures that are provided as a complement to results provided in accordance with accounting principles generally accepted in
We believe adjusted EBITDA, adjusted net income and adjusted diluted net income per share are relevant and useful information because they provide us and investors with additional measurements to analyze the Company's operating performance.
Adjusted EBITDA is useful to us and investors because (i) we seek to manage our business to a level of adjusted EBITDA as a percentage of net revenue, (ii) it is used internally by us for planning purposes, including preparation of internal budgets; to allocate resources; to evaluate the effectiveness of operational strategies and capital expenditures as well as the capacity to service debt, (iii) it is a key basis upon which we assess our operating performance, (iv) it is one of the primary metrics investors use in evaluating Internet marketing companies, (v) it is a factor in determining compensation, (vi) it is an element of certain financial covenants under our historical borrowing arrangements, and (vii) it is a factor that assists investors in the analysis of ongoing operating trends. In addition, we believe adjusted EBITDA and similar measures are widely used by investors, securities analysts, ratings agencies and other interested parties in our industry as a measure of financial performance, debt-service capabilities and as a metric for analyzing company valuations.
We use adjusted EBITDA as a key performance measure because we believe it facilitates operating performance comparisons from period to period by excluding potential differences caused by variations in capital structures (affecting interest expense), tax positions (such as the impact of changes in effective tax rates or fluctuations in permanent differences or discrete quarterly items), non-recurring charges, certain other items that we do not believe are indicative of core operating activities (such as litigation settlement expense, acquisition costs, contingent consideration adjustment, restructuring costs and other income and expense) and the non-cash impact of depreciation expense, amortization expense and stock-based compensation expense.
With respect to our adjusted EBITDA guidance, the Company is not able to provide a quantitative reconciliation to the most directly comparable GAAP financial measure without unreasonable efforts due to the high variability, complexity and low visibility with respect to certain items such as taxes, and income and expense from changes in fair value of contingent consideration from acquisitions. We expect the variability of these items to have a potentially unpredictable and potentially significant impact on future GAAP financial results, and, as such, we also believe that any reconciliations provided would imply a degree of precision that would be confusing or misleading to investors.
Adjusted net income and adjusted diluted net income per share are useful to us and investors because they present an additional measurement of our financial performance, taking into account depreciation, which we believe is an ongoing cost of doing business, but excluding the impact of certain non-cash expenses (stock-based compensation, amortization of intangible assets, and contingent consideration adjustment), non-recurring charges and certain other items that we do not believe are indicative of core operating activities. We believe that analysts and investors use adjusted net income and adjusted diluted net income per share as supplemental measures to evaluate the overall operating performance of companies in our industry.
Free cash flow is useful to investors and us because it represents the cash that our business generates from operations, before taking into account cash movements that are non-operational, and is a metric commonly used in our industry to understand the underlying cash generating capacity of a company’s financial model. Normalized free cash flow is useful as it removes the fluctuations in operating assets and liabilities that occur in any given quarter due to the timing of payments and cash receipts and therefore helps investors understand the underlying cash flow of the business as a quarterly metric and the cash flow generation potential of the business model. We believe that analysts and investors use free cash flow multiples as a metric for analyzing company valuations in our industry.
We intend to provide these non-GAAP financial measures as part of our future earnings discussions and, therefore, the inclusion of these non-GAAP financial measures will provide consistency in our financial reporting. A reconciliation of these non-GAAP measures to GAAP is provided in the accompanying tables.
Legal Notice Regarding Forward Looking Statements
This press release and its attachments contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties. Words such as "estimate", "will”, "believe", “expect”, "intend", “outlook”, "potential", “promises” and similar expressions are intended to identify forward-looking statements. These forward-looking statements include the statements in quotations from management in this press release, as well as any statements regarding the Company's anticipated financial results, growth and strategic and operational plans and results of analyses on impairment charges. The Company's actual results may differ materially from those anticipated in these forward-looking statements. Factors that may contribute to such differences include, but are not limited to: the Company’s ability to maintain and increase client marketing spend; the Company's ability, whether within or outside the Company’s control, to maintain and increase the number of visitors to its websites and to convert those visitors and those to its third-party publishers' websites into client prospects in a cost-effective manner; the Company's exposure to data privacy and security risks; the impact of changes in industry standards and government regulation including, but not limited to investigation enforcement activities or regulatory activity by the Federal Trade Commission, the Federal Communications Commission, the Consumer Finance Protection Bureau and other state and federal regulatory agencies; the impact of changes in our business, our industry, and the current economic and regulatory climate on the Company’s quarterly and annual results of operations; the Company's ability to compete effectively against others in the online marketing and media industry both for client budget and access to third-party media; the Company’s ability to protect our intellectual property rights; and the impact from risks relating to counterparties on the Company's business. More information about potential factors that could affect the Company's business and financial results are contained in the Company's annual report on Form 10-K and quarterly reports on Form 10-Q as filed with the Securities and Exchange Commission ("SEC"). Additional information will also be set forth in the Company's quarter report on Form 10-Q for the fiscal quarter ended September 30, 2024, which will be filed with the SEC. The Company does not intend and undertakes no duty to release publicly any updates or revisions to any forward-looking statements contained herein.
QUINSTREET, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) |
||||||||
|
|
|
|
|
||||
|
|
September 30, |
|
June 30, |
||||
|
|
2024 |
|
2024 |
||||
Assets |
|
|
|
|
||||
Current assets: |
|
|
|
|
||||
Cash and cash equivalents |
|
$ |
24,982 |
|
|
$ |
50,488 |
|
Accounts receivable, net |
|
|
173,904 |
|
|
|
111,786 |
|
Prepaid expenses and other assets |
|
|
7,570 |
|
|
|
6,813 |
|
Total current assets |
|
|
206,456 |
|
|
|
169,087 |
|
Property and equipment, net |
|
|
18,913 |
|
|
|
19,858 |
|
Operating lease right-of-use assets |
|
|
9,338 |
|
|
|
10,440 |
|
Goodwill |
|
|
125,056 |
|
|
|
125,056 |
|
Intangible assets, net |
|
|
35,526 |
|
|
|
38,008 |
|
Other assets, noncurrent |
|
|
5,883 |
|
|
|
6,097 |
|
Total assets |
|
$ |
401,172 |
|
|
$ |
368,546 |
|
Liabilities and Stockholders' Equity |
|
|
|
|
||||
Current liabilities: |
|
|
|
|
||||
Accounts payable |
|
$ |
60,404 |
|
|
$ |
48,204 |
|
Accrued liabilities |
|
|
86,619 |
|
|
|
68,822 |
|
Other liabilities |
|
|
10,865 |
|
|
|
9,372 |
|
Total current liabilities |
|
|
157,888 |
|
|
|
126,398 |
|
Operating lease liabilities, noncurrent |
|
|
7,026 |
|
|
|
7,879 |
|
Other liabilities, noncurrent |
|
|
16,440 |
|
|
|
17,444 |
|
Total liabilities |
|
|
181,354 |
|
|
|
151,721 |
|
Stockholders' equity: |
|
|
|
|
||||
Common stock |
|
|
56 |
|
|
|
55 |
|
Additional paid-in capital |
|
|
351,807 |
|
|
|
347,449 |
|
Accumulated other comprehensive loss |
|
|
(268 |
) |
|
|
(268 |
) |
Accumulated deficit |
|
|
(131,777 |
) |
|
|
(130,411 |
) |
Total stockholders' equity |
|
|
219,818 |
|
|
|
216,825 |
|
Total liabilities and stockholders' equity |
|
$ |
401,172 |
|
|
$ |
368,546 |
|
QUINSTREET, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (Unaudited) |
||||||||
|
|
|
||||||
|
|
Three Months Ended |
||||||
|
|
September 30, |
||||||
|
|
2024 |
|
2023 |
||||
Net revenue |
|
$ |
279,219 |
|
|
$ |
123,923 |
|
Cost of revenue (1) |
|
|
250,814 |
|
|
|
116,274 |
|
Gross profit |
|
|
28,405 |
|
|
|
7,649 |
|
Operating expenses: (1) |
|
|
|
|
||||
Product development |
|
|
8,620 |
|
|
|
7,637 |
|
Sales and marketing |
|
|
4,144 |
|
|
|
3,124 |
|
General and administrative |
|
|
16,848 |
|
|
|
6,787 |
|
Operating loss |
|
|
(1,207 |
) |
|
|
(9,899 |
) |
Interest income |
|
|
14 |
|
|
|
166 |
|
Interest expense |
|
|
(124 |
) |
|
|
(111 |
) |
Other (expense) income |
|
|
(98 |
) |
|
|
29 |
|
Loss before income taxes |
|
|
(1,415 |
) |
|
|
(9,815 |
) |
Benefit from (provision for) income taxes |
|
|
49 |
|
|
|
(750 |
) |
Net loss |
|
$ |
(1,366 |
) |
|
$ |
(10,565 |
) |
|
|
|
|
|
||||
Net loss per share, basic and diluted |
|
$ |
(0.02 |
) |
|
$ |
(0.19 |
) |
|
|
|
|
|
||||
Weighted-average shares used in computing net loss per share, basic and diluted |
|
|
55,823 |
|
|
|
54,470 |
|
|
|
|
|
|
||||
|
|
|
|
|
||||
(1) Cost of revenue and operating expenses include stock-based compensation expense as follows: |
||||||||
Cost of revenue |
|
$ |
2,875 |
|
|
$ |
2,052 |
|
Product development |
|
|
1,046 |
|
|
|
773 |
|
Sales and marketing |
|
|
1,095 |
|
|
|
640 |
|
General and administrative |
|
|
3,391 |
|
|
|
1,810 |
|
QUINSTREET, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) |
||||||||
|
|
|
||||||
|
|
Three Months Ended |
||||||
|
|
September 30, |
||||||
|
|
2024 |
|
2023 |
||||
Cash Flows from Operating Activities |
|
|
|
|
||||
Net loss |
|
$ |
(1,366 |
) |
|
$ |
(10,565 |
) |
Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
||||
Stock-based compensation |
|
|
8,407 |
|
|
|
5,275 |
|
Depreciation and amortization |
|
|
6,441 |
|
|
|
5,338 |
|
Change in the fair value of contingent consideration |
|
|
6,194 |
|
|
|
— |
|
Provision for sales returns and doubtful accounts receivable |
|
|
1,476 |
|
|
|
223 |
|
Non-cash lease expense |
|
|
(31 |
) |
|
|
(253 |
) |
Deferred income taxes |
|
|
(98 |
) |
|
|
544 |
|
Other adjustments, net |
|
|
(352 |
) |
|
|
(328 |
) |
Changes in assets and liabilities: |
|
|
|
|
||||
Accounts receivable |
|
|
(63,594 |
) |
|
|
(159 |
) |
Prepaid expenses and other assets |
|
|
(757 |
) |
|
|
1,089 |
|
Accounts payable |
|
|
12,343 |
|
|
|
(3,603 |
) |
Accrued liabilities |
|
|
17,631 |
|
|
|
(2,534 |
) |
Net cash used in operating activities |
|
|
(13,706 |
) |
|
|
(4,973 |
) |
Cash Flows from Investing Activities |
|
|
|
|
||||
Capital expenditures |
|
|
(437 |
) |
|
|
(1,624 |
) |
Internal software development costs |
|
|
(2,169 |
) |
|
|
(3,470 |
) |
Net cash used in investing activities |
|
|
(2,606 |
) |
|
|
(5,094 |
) |
Cash Flows from Financing Activities |
|
|
|
|
||||
Proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan |
|
|
1,362 |
|
|
|
1,579 |
|
Payment of withholding taxes related to release of restricted stock, net of share settlement |
|
|
(5,424 |
) |
|
|
(2,187 |
) |
Post-closing payments and contingent consideration related to acquisitions |
|
|
(5,144 |
) |
|
|
(5,277 |
) |
Repurchase of common stock |
|
|
— |
|
|
|
(1,426 |
) |
Net cash used in financing activities |
|
|
(9,206 |
) |
|
|
(7,311 |
) |
Effect of exchange rate changes on cash, cash equivalents and restricted cash |
|
|
12 |
|
|
|
6 |
|
Net decrease in cash, cash equivalents and restricted cash |
|
|
(25,506 |
) |
|
|
(17,372 |
) |
Cash, cash equivalents and restricted cash at beginning of period |
|
|
50,503 |
|
|
|
73,692 |
|
Cash, cash equivalents and restricted cash at end of period |
|
$ |
24,997 |
|
|
$ |
56,320 |
|
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets |
|
|
|
|
||||
Cash and cash equivalents |
|
$ |
24,982 |
|
|
|
56,305 |
|
Restricted cash included in other assets, noncurrent |
|
|
15 |
|
|
|
15 |
|
Total cash, cash equivalents and restricted cash |
|
$ |
24,997 |
|
|
$ |
56,320 |
|
QUINSTREET, INC. RECONCILIATION OF NET LOSS TO ADJUSTED NET INCOME (LOSS) (In thousands, except per share data) (Unaudited) |
||||||||
|
|
|
||||||
|
|
Three Months Ended |
||||||
|
|
September 30, |
||||||
|
|
2024 |
|
2023 |
||||
Net loss |
|
$ |
(1,366 |
) |
|
$ |
(10,565 |
) |
Amortization of intangible assets |
|
|
2,482 |
|
|
|
2,578 |
|
Stock-based compensation |
|
|
8,407 |
|
|
|
5,275 |
|
Contingent consideration adjustment |
|
|
6,194 |
|
|
|
— |
|
Restructuring costs |
|
|
307 |
|
|
|
270 |
|
Litigation settlement expense |
|
|
70 |
|
|
|
— |
|
Acquisition costs |
|
|
105 |
|
|
|
— |
|
Tax impact of non-GAAP items |
|
|
(3,656 |
) |
|
|
1,023 |
|
Adjusted net income (loss) |
|
$ |
12,543 |
|
|
$ |
(1,419 |
) |
Adjusted diluted net income (loss) per share |
|
$ |
0.22 |
|
|
$ |
(0.03 |
) |
Weighted average shares used in computing adjusted diluted net income (loss) per share |
|
|
57,877 |
|
|
|
54,470 |
|
QUINSTREET, INC. RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA (In thousands) (Unaudited) |
||||||||
|
|
|
||||||
|
|
Three Months Ended |
||||||
|
|
September 30, |
||||||
|
|
2024 |
|
2023 |
||||
Net loss |
|
$ |
(1,366 |
) |
|
$ |
(10,565 |
) |
Interest and other expense, net |
|
|
208 |
|
|
|
(84 |
) |
(Benefit from) provision for income taxes |
|
|
(49 |
) |
|
|
750 |
|
Depreciation and amortization |
|
|
6,441 |
|
|
|
5,338 |
|
Stock-based compensation |
|
|
8,407 |
|
|
|
5,275 |
|
Contingent consideration adjustment |
|
|
6,194 |
|
|
|
— |
|
Restructuring costs |
|
|
307 |
|
|
|
270 |
|
Litigation settlement expense |
|
|
70 |
|
|
|
— |
|
Acquisition costs |
|
|
105 |
|
|
|
— |
|
Adjusted EBITDA |
|
$ |
20,317 |
|
|
$ |
984 |
|
QUINSTREET, INC. RECONCILIATION OF CASH USED IN OPERATING ACTIVITIES TO FREE CASH FLOW AND NORMALIZED FREE CASH FLOW (In thousands) (Unaudited) |
||||||||
|
|
|
||||||
|
|
Three Months Ended |
||||||
|
|
September 30, |
||||||
|
|
2024 |
|
2023 |
||||
Net cash used in operating activities |
|
$ |
(13,706 |
) |
|
$ |
(4,973 |
) |
Capital expenditures |
|
|
(437 |
) |
|
|
(1,624 |
) |
Internal software development costs |
|
|
(2,169 |
) |
|
|
(3,470 |
) |
Free cash flow |
|
|
(16,312 |
) |
|
|
(10,067 |
) |
Changes in operating assets and liabilities |
|
|
34,377 |
|
|
|
5,096 |
|
Normalized free cash flow |
|
$ |
18,065 |
|
|
$ |
(4,971 |
) |
QUINSTREET, INC. DISAGGREGATION OF REVENUE (In thousands) (Unaudited) |
||||||
|
|
|
||||
|
|
Three Months Ended |
||||
|
|
September 30, |
||||
|
|
2024 |
|
2023 |
||
Net revenue: |
|
|
|
|
||
Financial Services |
|
$ |
210,891 |
|
$ |
72,125 |
Home Services |
|
|
65,075 |
|
|
49,394 |
Other Revenue |
|
|
3,253 |
|
|
2,404 |
Total net revenue |
|
$ |
279,219 |
|
$ |
123,923 |
View source version on businesswire.com: https://www.businesswire.com/news/home/20241104662696/en/
Investor Contact:
Robert Amparo
(347) 223-1682
ramparo@quinstreet.com
Source: QuinStreet, Inc.
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