Quinstreet ( (QNST) ) has released its Q1 earnings. Here is a breakdown of the information Quinstreet presented to its investors.
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QuinStreet, Inc. operates in the performance marketplaces and technologies sector, providing solutions for the financial services and home services industries through online marketplaces that connect consumers with brands.
QuinStreet has reported a record performance for the first quarter of fiscal 2025, with revenues reaching $279.2 million, marking a 125% year-over-year increase. This significant growth was driven by a surge in auto insurance revenues, which increased by 664% compared to the previous year.
Key highlights of QuinStreet’s financial performance include a substantial increase in adjusted EBITDA to $20.3 million and an adjusted net income of $12.5 million. The financial services segment experienced a revenue growth of 192%, while home services saw a 32% increase. These results are attributed to expanded client and product engagements.
Looking forward, QuinStreet’s management has raised its full fiscal year 2025 revenue outlook, now expecting between $975 million and $1.025 billion. The company is also optimistic about the impact of upcoming FCC changes to TCPA rules, anticipating a positive outcome for its operations.
