QuinStreet reports Q3 adjusted EPS 6c, consensus 6c

Reports Q3 revenue $168.587M, consensus $166.95M. “The steep re-ramp of Auto Insurance carrier spending has begun,” commented Doug Valenti, CEO of QuinStreet. “Revenue in our Auto Insurance client vertical inflected strongly in January and scaled further during the quarter. Total Company revenue grew about 40% sequentially in fiscal Q3. Adjusted EBITDA jumped to almost $8 million dollars in the quarter. We expect the ramp of Auto Insurance revenue to continue in coming quarters, driving growth in total Company revenue and further margin expansion.