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Mar 31, 2024
QuinStreet Q3 2024 Earnings Report
QuinStreet's Q3 2024 financial results were announced, with revenue at $168.6 million and a net loss of $(7.0) million.
Key Takeaways
QuinStreet reported revenue of $168.6 million for Q3 2024. The company experienced a GAAP net loss of $(7.0) million, or $(0.13) per diluted share, but achieved an adjusted net income of $3.4 million, or $0.06 per diluted share. Adjusted EBITDA was $7.9 million, and the company closed the quarter with $39.6 million in cash and cash equivalents and no bank debt.
Auto Insurance carrier spending has begun a steep re-ramp.
Auto Insurance revenue is expected to continue to ramp in coming quarters.
Continued total company revenue growth and further margin expansion are expected in FYQ4.
Strong growth and margin expansion are expected in fiscal year 2025, which begins July 1.
Revenue by Segment
Forward Guidance
For fiscal Q4, QuinStreet expects revenue to be between $180 and $190 million, implying year-over-year growth of over 40% at the midpoint. Adjusted EBITDA is expected to be between $10 and $11 million, implying year-over-year growth of over 400%.
Positive Outlook
- Revenue to be between $180 and $190 million
- Quarterly revenue record for QuinStreet
- Year-over-year growth of over 40% at the midpoint of the range
- Adjusted EBITDA to be between $10 and $11 million
- Year-over-year growth of over 400%
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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