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Dec 31, 2021
QuinStreet Q2 2022 Earnings Report
QuinStreet's Q2 2022 financial results were announced, revealing a decrease in revenue due to lower insurance client spending, though non-insurance revenue saw substantial growth.
Key Takeaways
QuinStreet reported a revenue of $125.3 million for Q2 2022, a 7% decrease year-over-year. The company experienced a GAAP net loss of $5.6 million, or ($0.10) per diluted share, but adjusted net income was $3.2 million, or $0.06 per diluted share. The company expects current insurance market volatility to last for approximately three to six more months. The company generated $13.9 million in operating cash flow and closed the quarter with $115.0 million in cash and equivalents.
Q2 revenue was $125 million, a 7% decrease year-over-year due to lower insurance client spending.
Non-Insurance revenue grew 36% year-over-year.
GAAP net loss for the quarter was $5.6 million, or ($0.10) per diluted share.
Adjusted net income was $3.2 million, or $0.06 per diluted share.
Revenue by Segment
Forward Guidance
QuinStreet anticipates revenue between $600 million and $620 million and adjusted EBITDA between $40 million and $45 million for the full fiscal year 2022. For the March quarter, fiscal Q3, the company expects revenue to be between $155 million and $160 million, and adjusted EBITDA to be between $8 million and $10 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
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