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Sep 30, 2020
QuinStreet Q1 2021 Earnings Report
QuinStreet's Q1 2021 financial results were reported, featuring record quarterly revenue and significant growth in key sectors.
Key Takeaways
QuinStreet reported a record quarterly revenue of $139.3 million for Q1 2021. Net income saw a substantial increase, driven by strong performance in Insurance and Home Services. The company divested its Education client vertical to focus on core opportunities.
Achieved record quarterly revenue of $139.3 million.
Auto Insurance revenue growth accelerated to 57% year-over-year.
Acquired Modernize to enhance capabilities in Home Services.
Divested Education client vertical to concentrate on prime opportunities.
Forward Guidance
The company anticipates continued strong momentum and revenue growth in Insurance and Home Services for fiscal Q2, expecting revenue between $118 to $122 million, representing 21% year-over-year growth excluding divested businesses. Adjusted EBITDA margin is expected to be in the mid-single digits.
Positive Outlook
- Continued strong momentum in Insurance and Home Services.
- Expected revenue in fiscal Q2 to be $118 to $122 million.
- Revenue growth of 21% year-over-year excluding divested businesses at the midpoint of the range.
- Anticipated strong overall Company performance.
- Expect adjusted EBITDA margin to be in the mid-single digits.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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