Business
QuinStreet Reports Results for Third Quarter Fiscal 2025
Revenue up 60% YoY to $270 million in FYQ3 Financial Services revenue up 78% YoY, Auto Insurance revenue up 165% YoY Record Home Services revenue, up 21% YoY
About this update from Quinstreet, Inc.
[{"type":"text","content":"\n\nRevenue up 60% YoY to $270 million in FYQ3\n\n\nFinancial Services revenue up 78% YoY, Auto Insurance revenue up 165% YoY\n\n\nRecord Home Services revenue, up 21% YoY\n\n\nStrong cash flows and balance sheet, cash over $80 million and no bank debt\n\n\nProfitability continued to expand in FYQ3, expected to expand further in FYQ4\n\n\nMaintaining full fiscal year 2025 outlook range\n\n\n FOSTER CITY, Calif.--(BUSINESS WIRE)--\nQuinStreet, Inc. (Nasdaq: QNST), a leader in performance marketplaces and technologies for the financial services and home services industries, today announced financial results for the fiscal third quarter ended March 31, 2025.\n\nFor the fiscal third quarter, the Company reported revenue of $269.8 million, up 60% year-over-year.\n\nGAAP income for the fiscal third quarter was $4.4 million, or $0.08 per diluted share. Adjusted net income for the fiscal third quarter was $12.4 million, or $0.21 per diluted share.\n\nAdjusted EBITDA for the fiscal third quarter was $19.4 million.\n\nThe Company generated $30.1 million of operating cash flow in the fiscal third quarter and closed the quarter with $81.8 million in cash and cash equivalents and no bank debt.\n\n“We delivered strong results again in the March quarter, our fiscal Q3, growing revenue 60% year-over-year, and adjusted EBITDA 145%,” commented Doug Valenti, CEO of QuinStreet. “Financial Services client vertical revenue grew 78% year-over-year with Auto Insurance up 165%. Home Services revenue grew 21% year-over-year to a new quarterly record. Our markets and opportunities are big. Our advantages and initiatives are powerful, and we continue to make good progress. We expect to continue to average double-digit year-over-year revenue and profit growth in the short and long term.”\n\n“We strengthened our financial position further in fiscal Q3, ending the quarter with over $80 million in cash and no bank debt. Growing cash flow and expanding margins continue to be top priorities.”\n\n“Turning to our outlook, we are maintaining our full fiscal year 2025 outlook as we move into the June quarter, our fiscal Q4. Full fiscal year revenue is expected to be between $1.065 and $1.105 billion, implying revenue growth of at least 18% year-over-year in fiscal Q4. Full fiscal year adjusted EBITDA is expected to be between $80 and $85 million, implying adjusted E...