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Jun 30, 2022
QuinStreet Q4 2022 Earnings Report
QuinStreet's Q4 2022 financial performance was reported, showing a slight revenue decrease but growth in non-insurance sectors.
Key Takeaways
QuinStreet reported a slight decrease in revenue for Q4 2022, but experienced growth in non-insurance sectors and stabilized insurance client revenue. The company repurchased 1.7M shares and remained cash flow positive.
Q4 revenue was $146.5 million, a 3% decrease year-over-year.
Insurance client revenue stabilized in Q4.
Non-Insurance revenue was 56% of total and grew 26% year-over-year in Q4.
The company repurchased 1.7M shares of common stock in Q4.
Revenue by Segment
Forward Guidance
For fiscal Q1, QuinStreet expects revenue between $135 and $140 million and adjusted EBITDA between $3.0 and $3.4 million. Overall, the company expects revenue and adjusted EBITDA results for full fiscal 2023 to be at least flat to fiscal 2022.
Positive Outlook
- Expect Auto Insurance to essentially bounce along a bottom for the next couple of quarters
- Expect a positive inflection in Auto Insurance beginning in January
- Expect non-insurance client verticals to continue to grow at strong double-digit rates throughout the new fiscal year.
- Expect to remain adjusted EBITDA and cash flow positive throughout fiscal 2023
- Expect to maintain our strong balance sheet.
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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