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Mar 31, 2023
SelectQuote Q3 2023 Earnings Report
Reported consolidated revenue and net income, driven by strategic redesign and Healthcare Services segment scale.
Key Takeaways
SelectQuote, Inc. reported a revenue of $299.4 million and a net income of $9.3 million for the third quarter of fiscal year 2023. The company's performance was driven by its strategic redesign and the continued scale of its Healthcare Services segment. They have increased guidance for fiscal year 2023.
Consolidated revenue for the third quarter of fiscal year 2023 was $299.4 million, compared to $274.3 million for the third quarter of fiscal year 2022.
Consolidated net income for the third quarter of fiscal year 2023 was $9.3 million, compared to a net loss of $7.0 million for the third quarter of fiscal year 2022.
Consolidated Adjusted EBITDA for the third quarter of fiscal year 2023 was $44.0 million, compared to $12.2 million for the third quarter of fiscal year 2022.
The company increased its guidance for fiscal year 2023 based on overall outperformance year-to-date.
SelectQuote
SelectQuote
SelectQuote Revenue by Segment
Revenue by Segment
Senior Revenue
CapyFin.comLife Revenue
CapyFin.com Forward Guidance
SelectQuote updated its fiscal year 2023 guidance ranges.
Positive Outlook
- Revenue now expected in a range of $950 million to $970 million
Challenges Ahead
- Net loss now expected in a range of $68 million to $48 million
- Adjusted EBITDA now expected in a range of $40 million to $50 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income