QuinStreet reports Q1 EPS 22c, consensus 15c

Reports Q1 revenue $279M, consensus $219.0M. “Fiscal first quarter revenue grew 125% year-over-year and 41% sequentially. Adjusted EBITDA jumped to over $20 million in the quarter,” commented Doug Valenti, CEO of QuinStreet (QNST). “The strong results were driven by the broad based ramp of auto insurance carrier budgets, and by our expanded client, media, and product footprints. Total Financial Services revenue grew 192% year over year in the quarter; Home Services revenue grew 32%. 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.”