QuinStreet reported record quarterly revenue of $279 million, a 125% increase year-over-year, driven by strong growth in auto insurance and home services. The company's GAAP loss was $1.4 million, or $(0.02) per diluted share, while adjusted net income was $12.5 million, or $0.22 per diluted share. Adjusted EBITDA for the quarter was $20.3 million.
Record quarterly revenue of $279 million, up 125% YoY.
Record auto insurance quarterly revenue, up 664% YoY.
Record home services quarterly revenue, up 32% YoY.
Full fiscal year revenue is now expected to be between $975 million and $1.025 billion.
For fiscal Q2, QuinStreet expects revenue to be between $235 million and $245 million, and adjusted EBITDA to be between $17.5 million and $18.5 million. Full fiscal year revenue is now expected to be between $975 million and $1.025 billion. Full fiscal year adjusted EBITDA is expected to be between $75 million and $80 million.
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