Loading...
•
Sep 30, 2021
QuinStreet Q1 2022 Earnings Report
Reported record quarterly revenue and double-digit revenue growth in all client verticals.
Key Takeaways
QuinStreet reported a record quarterly revenue of $159.6 million, a 15% year-over-year increase. GAAP net income was $3.1 million, or $0.06 per diluted share, while adjusted net income was $9.4 million, or $0.17 per diluted share.
Reported record quarterly revenue of $160 million.
Grew revenue 15% year-over-year, 25% excluding divested businesses.
Delivered at least double-digit revenue growth rates in all client verticals.
Raised full fiscal year outlook.
Revenue by Segment
Forward Guidance
The company is raising its outlook for full fiscal year 2022. Revenue is now expected to be between $650 million and $670 million, and adjusted EBITDA to be between $65 million and $67 million. For the December quarter, revenue is expected to be between $130 million and $135 million, and adjusted EBITDA to be between $7 million and $8 million.
Positive Outlook
- Specific indications from auto insurance clients of budget increases in the January to June period.
- Stronger than expected momentum in credit-driven client verticals.
- Acceleration of growth initiatives across the business, including QRP.
- Revenue to be between $650 million and $670 million.
- Adjusted EBITDA to be between $65 million and $67 million.
Challenges Ahead
- Normal seasonality.
- Expected short-term effects of increased claim costs on auto insurance client budgets.
- Q2 revenue expected to be between $130 million and $135 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...