QuinStreet, Inc. (QNST) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

to differ from our forward-looking statements are discussed in our recent SEC filings, including our most recent 8K filing made today and our most recent 10Q filing. Forward-looking statements are based on assumptions as of today, and the company undertakes no obligation to update these statements. Today, we will be discussing both GAAP and non-GAAP measures. A reconciliation of GAAP to non-GAAP financial measures is included in today's earnings press release, which is available on our investor relations website, at investor.quinstreet.com. With that, I will turn the call over to Doug Valentini. Please go ahead, sir. Thank you, Rob. Welcome, everyone. We delivered strong results again in the March quarter. Our fiscal Q3, growing revenue 60% year-over-year and adjusted EBITDA 145%. 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. The continued strong results are due to the combination of our big market opportunities, exceptional value proposition, and strong competitive advantages, and to our execution-focused culture. As always, our results include investments in a long list of high-impact new product, media, and client expansion initiatives to fuel future performance. We expect to be able to continue to average double-digit year-over-year revenue and profit growth in the short and long term. 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 and areas of active focus. 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...