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.
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.
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