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Dec 31, 2020
QuinStreet Q2 2021 Earnings Report
Reported record revenue and solid growth, driven by insurance and home services.
Key Takeaways
QuinStreet reported record fiscal Q2 revenue of $135.0 million, with revenue excluding divested businesses growing 36% year-over-year. The company's GAAP net income was $0.5 million, or $0.01 per diluted share, and adjusted net income was $7.0 million, or $0.13 per diluted share.
Reported record fiscal Q2 revenue of $135.0 million.
Grew revenue excluding divested businesses 36% year-over-year.
Delivered Auto Insurance revenue growth of 57% year-over-year.
Outperformed expectations for Modernize Home Services acquisition.
Revenue by Segment
Forward Guidance
Expects continued strong momentum and revenue growth in Insurance and Home Services, and continued improvement in Personal Loans and Credit Cards. Expects revenue in fiscal Q3 to be between $145 and $150 million which, at the midpoint of the range, represents 34% year-over-year growth in revenue excluding divested businesses. Expects adjusted EBITDA to be between $13 and $14 million.
Positive Outlook
- Continued strong momentum in Insurance and Home Services
- Continued revenue growth in Insurance and Home Services
- Continued improvement in Personal Loans and Credit Cards
- Continued strong overall Company performance
- Guides to all-time record quarterly revenue in fiscal Q3
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
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