QuinStreet's Q3 2022 revenue was $150.7 million, a 2% decrease year-over-year. GAAP net income was $2.2 million, or $0.04 per diluted share, while adjusted net income was $4.9 million, or $0.09 per diluted share. The company's non-Insurance revenue grew 35% year-over-year and represented 50% of total revenue. The Board of Directors has approved a $40 million share repurchase program.
Revenue was $150.7 million, down 2% year-over-year.
GAAP net income was $2.2 million, or $0.04 per diluted share.
Adjusted net income was $4.9 million, or $0.09 per diluted share.
Non-Insurance revenue grew 35% year-over-year and represented 50% of total revenue.
QuinStreet forecasts FYQ4 revenue to be between $138 million and $142 million, and adjusted EBITDA to be between $4.5 million and $5 million.
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