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Dec 31, 2023
SelectQuote Q2 2024 Earnings Report
SelectQuote's Q2 2024 results were reported, showing increased revenue and net income.
Key Takeaways
SelectQuote reported a strong second quarter with revenue of $405.4 million and net income of $19.4 million. The company is raising its fiscal year 2024 guidance, expecting revenue between $1.23 billion and $1.3 billion and adjusted EBITDA between $90 million and $105 million.
SelectQuote's second quarter marked the eighth consecutive quarter of performance ahead of expectations.
The company's Senior business grew revenues by double digits, with an Adjusted EBITDA margin of 32%.
Healthcare Services, particularly SelectRx, drove substantial growth, exceeding original forecasts with over 62,000 members.
SelectQuote anticipates approaching positive free cash flow in fiscal year 2024.
Revenue by Segment
Forward Guidance
SelectQuote is raising its fiscal year 2024 guidance ranges.
Positive Outlook
- Revenue expected in a range of $1.23 billion to $1.3 billion (previous $1.05 billion to $1.2 billion).
- Net loss expected in a range of $45 million to $22 million (previous $50 million to $22 million).
- Adjusted EBITDA expected in a range of $90 million to $105 million (previous $80 million to $105 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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