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Dec 31, 2022
QuinStreet Q2 2023 Earnings Report
QuinStreet's Q2 2023 financial results were announced, revealing revenue and adjusted EBITDA that exceeded expectations, driven by strong performance in Home Services and Credit verticals, and a sharp increase in Insurance revenue in January.
Key Takeaways
QuinStreet reported Q2 2023 revenue of $134 million. The company experienced a GAAP net loss of $8.0 million, or ($0.15) per diluted share, and an adjusted net loss of $855,000, or ($0.02) per diluted share. Adjusted EBITDA for the quarter was $1.0 million. The company closed the quarter with $79.1 million in cash and equivalents and no bank debt.
Revenue and adjusted EBITDA exceeded outlook in FYQ2
Continued strong performance in Home Services & Credit-driven verticals
Insurance revenue up sharply in January, as predicted
Solidly adjusted EBITDA positive, strong balance sheet, no bank debt
Revenue by Segment
Forward Guidance
The company expects revenue in fiscal Q3 to be between $160 and $170 million, and adjusted EBITDA to be between $7 and $8 million. For the full fiscal year, revenue is expected to be between $610 and $630 million, and adjusted EBITDA to be between $25 and $30 million.
Positive Outlook
- Expect accelerating revenue growth
- Expect expanding margins
- Expect record total Company revenue in the current, March quarter
- Expect a significant jump in adjusted EBITDA
- Expect record revenue again and a further jump in adjusted EBITDA in the June quarter
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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